NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew… Continue reading Nio shares surge over 14%, extending gains for seventh session
Author: CNBC Online news
Waymo granted first permit to begin testing autonomous vehicles in New York City
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo is getting one step closer to rides in New York City. The Alphabet autonomous vehicle subsidiary received its first permit from the New… Continue reading Waymo granted first permit to begin testing autonomous vehicles in New York City
Nio shares pop after releasing one of its most affordable SUVs yet
The Nio logo is seen at the NIO booth in the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. (Photo by Ying Tang/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese electric carmaker Nio surged after the company unveiled one of its most… Continue reading Nio shares pop after releasing one of its most affordable SUVs yet
Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters Major Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration. That comes after a Nikkei Asia report on Thursday that… Continue reading Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Elon Musk asked Meta CEO Mark Zuckerberg to join xAI bid to buy OpenAI, filing shows
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters Elon Musk, the world’s richest person, asked Meta CEO Mark Zuckerberg to help him finance a $97.4 billion takeover of OpenAI in early 2025, court filings on Thursday revealed. The filing is part of a legal case… Continue reading Elon Musk asked Meta CEO Mark Zuckerberg to join xAI bid to buy OpenAI, filing shows
Stellantis unveils new Jeep Cherokee as brand tries to shake off sales declines
The 2026 Jeep Cherokee. Jeep is rolling out a freshly designed model after six consecutive years of annual sales declines. The Stellantis automaker unveiled a new Jeep Cherokee on Thursday, the latest move to try to jump-start sales. It’s the first Jeep hybrid system, and the first for Stellantis in North America. The 2026 Jeep… Continue reading Stellantis unveils new Jeep Cherokee as brand tries to shake off sales declines
Tesla faces U.S. auto safety probe over faulty crash reporting
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk‘s Tesla is facing a federal probe by the National Highway Traffic Safety Administration after the U.S. auto safety agency found that the company was… Continue reading Tesla faces U.S. auto safety probe over faulty crash reporting
Hertz to sell used vehicles online through Amazon Autos partnership
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling preowned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of… Continue reading Hertz to sell used vehicles online through Amazon Autos partnership
Why Tesla Cybertruck sales are falling short of expectations
Sales of Tesla‘s flashy Cybertruck are a fraction of the more than 1 million reservations the company had a month before deliveries began rolling out in November 2023. So far, U.S. sales total just over 52,000 units, according to Cox Automotive. “It’s a really remarkable vehicle,” said Sean Tucker, executive editor of Cox Automotive. “I… Continue reading Why Tesla Cybertruck sales are falling short of expectations
China’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China’s Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty Images BEIJING — Chinese electric car companies are increasing investments in overseas factories as… Continue reading China’s EV industry is spending more on factories abroad than at home for the first time