Used car retailer Vroom purchases and sells vehicles online without requiring consumers to go into a physical dealership. Screenshot Online used car retailer Vroom is buying its first Super Bowl airtime Sunday to introduce the company to the roughly 100 million fans that watch the game every year — and to make fun of its… Continue reading Online car seller Vroom promises torture-free car buying in first Super Bowl ad
Author: CNBC Online news
Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California, July 23, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado An influential engineering director at Tesla, Joe Mardall, has resigned his position at the automaker to become head of engineering at Zipline, according to his own LinkedIn profile. Zipline… Continue reading Tesla engineering director Joseph Mardall leaves for drone start-up Zipline
Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
A car equipped with WeRide autonomous driving technology in Guangzhou, China. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number… Continue reading Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
Canadian EV maker eyes American school bus market as Biden term nears
A Canadian electric vehicle maker is eyeing factory space in the United States as the company looks to capitalize on the electrified future that President-elect Joe Biden has laid out in his agenda. Lion Electric, the electric school bus manufacturer set to go public in months through a blank-check merger, plans to open an American… Continue reading Canadian EV maker eyes American school bus market as Biden term nears
Daimler’s Mercedes-Benz triples its electric car sales as CEO predicts a ‘transformative’ decade
Sebastian Gollnow | picture alliance | Getty Images The CEO of Daimler emphasized the importance of low-emission technologies and innovation on Friday, telling CNBC that the automotive industry was “in the middle of a transformation.” “Next to the things that we know well — to build, frankly, the world’s most desirable cars — there are… Continue reading Daimler’s Mercedes-Benz triples its electric car sales as CEO predicts a ‘transformative’ decade
Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority shareholder while Chinese automaker Geely will take a minority stake, the person said. Geely will be responsible for manufacturing the vehicles while Baidu will focus on… Continue reading Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
GM leads $23 million investment in on-demand vehicle maintenance service Yoshi
GM Ventures is leading a $23 million investment round into on-demand car maintenance service Yoshi. Yoshi General Motors is leading a $23 million funding round for an on-demand car maintenance service called Yoshi. It’s the second time GM’s venture capital arm has invested in the Silicon Valley start-up since 2018. The Series B funding round… Continue reading GM leads $23 million investment in on-demand vehicle maintenance service Yoshi
Tesla tells employees Model S and X production will shut down for 18 days
Kuka robots work on Tesla Model X in the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Mason Trinca | The Washington Post | Getty Images Tesla informed employees in its Fremont, California, factory on Friday that its Model S and Model X electric vehicle production lines will close from December 24th to… Continue reading Tesla tells employees Model S and X production will shut down for 18 days
Ford adds new off-road ‘Tremor’ pickup to its profitable F-150 lineup
2021 Ford F-150 Tremor Ford Ford Motor is expanding its highly profitable truck lineup with a new off-road “Tremor” model for the F-150 pickup. The 2021 F-150 Tremor, announced Tuesday, features all-terrain equipment upgrades in addition to several new features of a redesigned version of the pickup, which is arriving nationwide to dealers across the… Continue reading Ford adds new off-road ‘Tremor’ pickup to its profitable F-150 lineup
General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs
2022 GMC Hummer EV sport utility truck “Edition 1” GM DETROIT – General Motors does not plan to offer buyouts to GMC dealers like it has for franchise owners of its Cadillac brand who don’t want to invest in stores to sell all-electric vehicles. Duncan Aldred, vice president of GMC, said the brand is executing… Continue reading General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs