Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek,… Continue reading Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Author: CNBC Online news
GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’
President Donald Trump greets General Motors CEO Mary Barra (R) prior to a meeting with automobile industry leaders in the Roosevelt Room of the White House in Washington, DC, January 24, 2017. Saul Loeb | AFP | Getty Images DETROIT — General Motors believes it can mitigate up to 50% of potential tariffs President Donald… Continue reading GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’
BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek’s AI help
Chinese electric car giant BYD announced on Feb. 10, 2025, that it would integrate DeepSeek into its artificial intelligence model that powers its new driver-assistance technology. Screenshot BEIJING — Chinese electric car giant BYD shares hit a record high in Hong Kong trading Tuesday after the company said it is going all in on driver… Continue reading BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek’s AI help
How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59
Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during Stellantis Stellantis DETROIT — A CEO’s exit, electric vehicles making the industry run around like “headless chickens” and a company’s U.S. revival all came together to make Ram and Jeep parent Stellantis the only automaker with a Super Bowl… Continue reading How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59
As the war on DEI intensifies, some companies hold the line while others work behind the scenes
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025. Xinhua News Agency | Xinhua News Agency | Getty Images There’s a delicate balance playing out at corporations across America. As the Trump administration targets diversity, equity and inclusion initiatives, many prominent companies have publicly scaled back… Continue reading As the war on DEI intensifies, some companies hold the line while others work behind the scenes
Tesla car sales in China fall 11.5% as competition intensifies
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty Images Sales of Tesla‘s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of… Continue reading Tesla car sales in China fall 11.5% as competition intensifies
Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness’ in China
watch now Sweden’s Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned by China’s Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04 billion) in 2024… Continue reading Volvo Cars weighs tariffs-led production move, warns of ‘hyper-competitiveness’ in China
Ford CEO calls for ‘comprehensive’ tariff analysis for all countries
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley on Wednesday said… Continue reading Ford CEO calls for ‘comprehensive’ tariff analysis for all countries
Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts
2024 Lincoln Nautilus Ford DETROIT — President Donald Trump‘s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported roughly $15.4 billion… Continue reading Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts
Ford beats earnings expectations but forecasts tougher year ahead
The Ford exhibit area is shown at the 2025 Detroit Auto Show at Huntington Place in Detroit, Michigan, on Jan. 10, 2025. Bill Pugliano | Getty Images DETROIT — Ford Motor beat Wall Street’s top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company, as CEO Jim Farley… Continue reading Ford beats earnings expectations but forecasts tougher year ahead