A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBC MARYSVILLE, Ohio — Honda Motor is launching the next generation of its manufacturing in a historically unusual place for the 75-year-old Japanese automaker: Ohio. Honda is in the midst of completing… Continue reading Honda’s new EV production revolution begins with $1 billion investment in Ohio
Author: CNBC Online news
Trump’s threat for 25% tariffs on Mexico and Canada is challenging the auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images DETROIT — As President Donald Trump threatens to impose 25% tariffs on imports from Canada and Mexico as soon as… Continue reading Trump’s threat for 25% tariffs on Mexico and Canada is challenging the auto industry
Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty Images Tesla reported earnings and revenue for the fourth quarter that trailed analysts’ estimates. The stock initially sank in extended trading before rebounding. Here’s how… Continue reading Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House
SpaceX CEO Elon Musk gestures during a rally on the inauguration day of U.S. President Donald Trump’s second Presidential term, inside Capital One, in Washington, U.S. Jan.20, 2025. Mike Segar | Reuters Tesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term in the White House, with Elon… Continue reading Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House
Norway is set to become the first country to fully transition to electric vehicles
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel… Continue reading Norway is set to become the first country to fully transition to electric vehicles
GM stock falls even as company beats analyst expectations on earnings
watch now DETROIT — General Motors stock fell more than 8% in trading Tuesday even as the company beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting continued strong results for 2025. Concerns of Wall Street analysts on the company’s quarterly earnings call focused on the automaker’s preparation for changes under the… Continue reading GM stock falls even as company beats analyst expectations on earnings
Why this China-made BYD Shark pickup is drawing attention in the global truck market
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made… Continue reading Why this China-made BYD Shark pickup is drawing attention in the global truck market
Tesla starts sales of revamped Model Y in U.S. for about $60,000
André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty Images Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the… Continue reading Tesla starts sales of revamped Model Y in U.S. for about $60,000
Shares of cash-strapped Nikola nosedive on report of potential sale
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters DETROIT – Shares of Nikola closed Thursday down 27.8% after a report that the embattled electric truck maker is exploring… Continue reading Shares of cash-strapped Nikola nosedive on report of potential sale
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
2026 Cadillac Lyriq-V DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S. Cadillac expects to achieve that target with an expanding lineup of electric vehicles such as the performance Lyriq-V, Escalade… Continue reading GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025