Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha. Yuichi Yamazaki | Afp | Getty… Continue reading Toyota lost over $15 billion in market value last week after being caught falsifying tests
Author: CNBC Online news
With EVs, Honda may be North America’s most committed automaker, for the moment
The All-New, All-Electric Honda Prologue is on display at the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. While missing a host of brands, this year’s edition of the Los Angeles Auto Show debuted a range of new models. Josh Lefkowitz | Getty Images… Continue reading With EVs, Honda may be North America’s most committed automaker, for the moment
GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program… Continue reading GM has a secret to help sell its new EVs. It’s Costco
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing… Continue reading Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
EV slump, Hertz fire sale take used Teslas to ‘no haggle’ $25,000 price
The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 electric vehicles from its global fleet, representing nearly a third of the rental-car company’s existing EV inventory, on the… Continue reading EV slump, Hertz fire sale take used Teslas to ‘no haggle’ $25,000 price
Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
2025 Rivian R1S Rivian Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. While the 2025 model-year vehicles do not outwardly look too different than the current models, Rivian said it has changed more than half… Continue reading Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
F1’s new regulations suggest car makers are not done with the internal combustion engine yet
Lewis Hamilton of the UK is driving the (44) Mercedes-AMG Petronas F1 Team F1 W15 E Performance Mercedes during the Formula 1 Grand Prix De Monaco in Montecarlo, Monaco, on May 26, 2024. Nurphoto | Nurphoto | Getty Images If you want to see into the future of car making, the Formula One rulebook has… Continue reading F1’s new regulations suggest car makers are not done with the internal combustion engine yet
Here’s why Cramer says Ford stock must be ‘bought aggressively’ on the dip
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. The S & P 500 climbed Wednesday after a second round of weak jobs data pushed bond yields lower and gave the market hope for Federal Reserve interest rate cuts… Continue reading Here’s why Cramer says Ford stock must be ‘bought aggressively’ on the dip
New York City’s first-in-the-nation congestion pricing shelved indefinitely
Congestion Pricing Toll Readers are seen here installed on Third Ave. looking North at E. 60th St. Wednesday, Oct. 4, 2023 in Manhattan. (Photo by Barry Williams for NY Daily News via Getty Images) Barry Williams | New York Daily News | Getty Images The MTA is pushing “pause” indefinitely on New York City’s first-in-the-nation congestion… Continue reading New York City’s first-in-the-nation congestion pricing shelved indefinitely
Here’s why privacy advocates say automakers are spying on drivers
Today’s cars have an unprecedented capacity to surveil people inside and around them, and it’s raising alarms with privacy advocates. A growing chorus of advocates and politicians say automakers aren’t doing enough to protect consumer data from companies, criminals or even the government itself. One car owner in Florida filed a lawsuit in March against… Continue reading Here’s why privacy advocates say automakers are spying on drivers