A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty Images DETROIT — Shares of CarMax fell 20% in trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations, leading to the stock’s lowest… Continue reading CarMax stock plummets 20% following ‘challenging’ quarter
Author: CNBC Online news
U.S. expands tariff dragnet to masks, syringes and robotics in sweeping import probe
A Fanuc robotic arm moves bins of products during a media tour of the Amazon.com Inc. DAB2 fulfillment center in Daytona Beach, Florida, US, on Tuesday, Sept. 23, 2025. The DAB2 fulfillment center is Amazon’s seventh robotics fulfillment center in Florida. Photographer: Miguel J. Rodriguez Carrillo/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images… Continue reading U.S. expands tariff dragnet to masks, syringes and robotics in sweeping import probe
Shares of China’s largest vehicle exporter Chery pop 11% in Hong Kong debut
A car produced by Chinese automobile manufacturer Chery is on display for sale at a dealership in Vladivostok, Russia, March 22, 2023. Tatiana Meel | Reuters China’s largest vehicle exporter, Chery Automobile, saw its shares jump in its Hong Kong debut after raising 9.1 billion Hong Kong dollars (US$1.2 billion) through an initial public offering.… Continue reading Shares of China’s largest vehicle exporter Chery pop 11% in Hong Kong debut
Honda ending production of Acura EV assembled by GM in U.S.
The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images DETROIT — Honda Motor is ending U.S. production of its Acura ZDX electric vehicle that was being produced by… Continue reading Honda ending production of Acura EV assembled by GM in U.S.
Ford offers special financing to riskier F-150 buyers with lower credit scores
Ford-150 pickup trucks are displayed for sale at a dealership on March 24, 2025 in Austin, Texas. Brandon Bell | Getty Images DETROIT — Ford Motor is trying to boost sales of its crucial F-150 pickup truck before the end of the third quarter by offering special financing to consumers with less-than-perfect credit ratings. The… Continue reading Ford offers special financing to riskier F-150 buyers with lower credit scores
Chinese EV giant BYD says it has a backup plan if it’s cut off from Nvidia chips
The Chinese electric car manufacturer BYD presents its models at the Open Space Area during the IAA Mobility in Munich, Bavaria, Germany, on September 12, 2025. Eyeswideopen | Getty Images News | Getty Images BYD has a backup plan if it gets cut off from the Nvidia chips it currently uses in its cars, a… Continue reading Chinese EV giant BYD says it has a backup plan if it’s cut off from Nvidia chips
Car shoppers — following one rule can help keep costs down, CFP says
Milorad Kravic | E+ | Getty Images When buying a car, whether new or used, experts say that a specific framework can be a great starting point to keep costs down. The so-called “20-4-10” rule uses three components to help you determine if a car purchase is affordable: the ideal down payment, the maximum recommended… Continue reading Car shoppers — following one rule can help keep costs down, CFP says
Why the rich are propping up car sales
Car prices are still hovering near all-time highs, but one of the main reasons is that automakers are stacking their lineups with high-end vehicles. As of August, the share of new cars sold over $50,000 was almost double what it was in 2019, according to Cox Automotive. There were about 33 models for sale with a… Continue reading Why the rich are propping up car sales
Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant
Jose Munoz, president and CEO, Hyundai Motor Company, speaks during a media tour and grand opening at the Hyundai Motor Group Metaplant America, March 26, 2025, in Ellabell, Ga. Mike Stewart | AP NEW YORK — Hyundai Motor reinforced aggressive growth plans Thursday through the end of the decade, despite lowering its profit outlook for… Continue reading Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant
Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year
watch now Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year. Lyft stock climbed more than 10% on the news. Riders in Nashville will be able to hail a Waymo robotaxi… Continue reading Lyft shares pop on Waymo deal to bring robotaxis to Nashville next year