A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a… Continue reading Auto giants extend losses as Trump’s sweeping global tariffs take effect
Author: CNBC Online news
GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit… Continue reading GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
Drone delivery startup Zipline expands to Texas with Walmart partnership
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Zipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones, expanded its service to the Dallas area on Tuesday through a partnership… Continue reading Drone delivery startup Zipline expands to Texas with Walmart partnership
GM reveals Corvette EV concept car as it reconfirms commitment to Europe
An angle view of the new Chevrolet Corvette concept car. GM DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but… Continue reading GM reveals Corvette EV concept car as it reconfirms commitment to Europe
Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s younger brother, Kimbal, took to the social network X on Monday to lambaste President Donald Trump’s tariffs, calling them a “structural, permanent tax… Continue reading Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
A salesperson (left) shows vehicles to a shopper at a Toyota dealership. Getty Images DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump‘s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory… Continue reading Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Vehicles outside a Land Rover dealership in Tucson, Arizona, US, on Tuesday, April 1, 2025. Bloomberg | Bloomberg | Getty Images British carmaker Jaguar Land Rover said it will pause U.S. shipments for a month as it assesses the impact of U.S. President Donald Trump‘s tariffs on vehicle imports. It comes as disruption from the… Continue reading British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Tesla’s June robotaxi deadline looms as political backlash builds over Elon Musk
Elon Musk has been promising investors for about a decade that Tesla’s cars are on the verge of turning into robotaxis, capable of driving themselves cross-country, after one big software update. That hasn’t happened yet. What Tesla offers is a sophisticated, but only partially automated, driving system that’s marketed in the U.S. as its Full… Continue reading Tesla’s June robotaxi deadline looms as political backlash builds over Elon Musk
Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | Reuters DETROIT — As President Donald Trump‘s 25% tariffs on imported vehicles were set to take effect,… Continue reading Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Why some EV researchers are skeptical of BYD’s fast charging tech
Chinese automaker BYD is rapidly seizing the title of the world’s leading name in electric vehicles. It passed Tesla in global revenues in 2024 — though it sold slightly fewer EVs. Including hybrids, BYD’s volume is about twice that of its American rival. Shares are up more than 40% since the beginning of 2025. Tesla’s… Continue reading Why some EV researchers are skeptical of BYD’s fast charging tech