Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024. Massimo Pinca | Reuters DETROIT — Stellantis Chairman John Elkann detailed several upcoming plans the trans-Atlantic automaker has for U.S. investments when meeting with President Donald Trump… Continue reading Stellantis chairman details planned U.S. investments for Jeep, Ram to Trump
Author: CNBC Online news
Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
The TikTok short form video hosting service logo is seen on a mobile device in this illustration photo taken in Warsaw, Poland on 17 July, 2024. Jaap Arriens | Nurphoto | Getty Images President Donald Trump said on Tuesday that he’d consider the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing… Continue reading Trump says he’s open to TikTok sale to Elon Musk or Larry Ellison
Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images The value of Tesla’s brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and CEO Elon Musk’s “antagonism,” according to research and consulting… Continue reading Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers found
Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering… Continue reading Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green”… Continue reading EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles, California, U.S. Jan. 13, 2025. Daniel Cole | Reuters Tesla started offering discounts… Continue reading Tesla is offering Cybertruck discounts as EV market gets crowded
How Nissan’s profits dropped 90% in one year
A merger with rival Honda may be Nissan’s best — or perhaps only — shot at survival. The Japanese automaker is challenged in China, emerging markets and the United States — its largest market. Operating profits dropped 90% and net income dropped 94% in the first half of fiscal year 2024, compared with the same… Continue reading How Nissan’s profits dropped 90% in one year
China’s electric car boom is expected to slow down in 2025
New electric vehicles destined for Belgium at a port in Taicang city in eastern China’s Jiangsu province on Jan. 11, 2025. Future Publishing | Future Publishing | Getty Images BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Sales… Continue reading China’s electric car boom is expected to slow down in 2025
Why Trump and GOP attacks on IRA can’t score a clean sweep in red states
Volkswagen U.S. assembly of all-electric ID.4 flagship in Chattanooga, Tennessee in 2022. Volkswagen The new Republican-majority Congress has wasted no time in making its energy priorities clear. Speaker of the House Mike Johnson said from the House floor minutes after his reelection, “We have to stop the attacks on liquefied natural gas, pass legislation to… Continue reading Why Trump and GOP attacks on IRA can’t score a clean sweep in red states
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause their rearview cameras to fail,… Continue reading Tesla recalling 239,000 vehicles in U.S. over rearview camera failures