WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to… Continue reading BMW posts 37% drop in annual net profit, warns of ‘subdued’ Chinese demand
Author: CNBC Online news
Ferrari CEO says automaker is doing ‘scenario planning’ to counter potential impact of tariffs
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images The chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers. “We are ready with some countermeasures,” Ferrari CEO Benedetto… Continue reading Ferrari CEO says automaker is doing ‘scenario planning’ to counter potential impact of tariffs
Tesla bounces for second day after steepest drop since 2020
Tesla CEO Elon Musk looks on as U.S. President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025. Mandel Ngan | AFP | Getty Images Tesla shares rose for a second straight day in early… Continue reading Tesla bounces for second day after steepest drop since 2020
Ailing Swedish EV battery firm Northvolt files for bankruptcy
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable… Continue reading Ailing Swedish EV battery firm Northvolt files for bankruptcy
Waymo expands its robotaxi service again, this time to parts of Silicon Valley
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 on Tuesday announced it is expanding its service to include another 27 square miles of coverage around the San Francisco Bay Area. With… Continue reading Waymo expands its robotaxi service again, this time to parts of Silicon Valley
How Elon Musk’s Trump support could hurt — or help — Tesla
Elon Musk has become, in some people’s words, President Donald Trump’s ‘first buddy.’ But the Trump administration’s moves to strip away a lot of EV-friendly policies have led some Tesla investors, analysts, and EV researchers to insist this will all be disastrous for the company, the largest U.S. EV maker by far. More bullish analysts… Continue reading How Elon Musk’s Trump support could hurt — or help — Tesla
Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk
U.S. President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the… Continue reading Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk
Nissan CEO Makoto Uchida to step down on April 1, planning officer Espinosa named successor
Nissan Motor CEO Makoto Uchida attends a press conference on February 13, 2025, in Yokohama, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Nissan CEO Makoto Uchida will step down from his position on April 1, the company said in a release Tuesday. He will be replaced by current Chief Planning Officer Ivan Espinosa.… Continue reading Nissan CEO Makoto Uchida to step down on April 1, planning officer Espinosa named successor
Volkswagen expects revenue to grow in 2025, says it feels ‘all-American’ as tariffs loom
The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany. Andreas Rentz | Getty Images German autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring… Continue reading Volkswagen expects revenue to grow in 2025, says it feels ‘all-American’ as tariffs loom
DOGE chief Musk says he’s running his businesses ‘with great difficulty,’ as Tesla shares tank
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Samuel Corum | Getty Images DOGE chief Elon Musk said Monday that he is running his businesses “with great difficulty,” as… Continue reading DOGE chief Musk says he’s running his businesses ‘with great difficulty,’ as Tesla shares tank