2025 Cadillac Escalade IQ Michael Wayland / CNBC SAN FRANCISCO — Cadillac expects roughly one of every three vehicles it sells in the U.S. this year to be all-electric models, as the automaker continues to expand its EV lineup despite industrywide slower-than-expected adoption of the vehicles. The General Motors luxury brand is expected to offer… Continue reading Cadillac expects one of every three vehicle sales to be EVs in 2025
Author: CNBC Online news
BYD’s shares rally after rolling out new technology it claims charges EVs in five minutes
watch now Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline car. BYD’s Hong Kong-listed shares jumped more than 6% shortly after the open, notching a new a 52-week high. The stock,… Continue reading BYD’s shares rally after rolling out new technology it claims charges EVs in five minutes
Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40. That reflects a significant upswing… Continue reading Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
Trump’s war on Biden’s climate policy is creating a new form of EV range anxiety
Frederic J. Brown | Afp | Getty Images Ownership of electric vehicles continues to rise in the U.S., with nearly six million battery electric vehicles and plug-in hybrids currently on the road. Even though that’s still a fraction of the overall market and the growth rate of EV sales has slowed, automakers remain invested in… Continue reading Trump’s war on Biden’s climate policy is creating a new form of EV range anxiety
After Elon Musk’s Delaware exit, state lawmakers weigh bill to overhaul corporate law
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla CEO Elon Musk turned Delaware’s corporate law into a… Continue reading After Elon Musk’s Delaware exit, state lawmakers weigh bill to overhaul corporate law
Elon Musk’s SpaceX, Tesla lobby Trump trade representative on tariffs
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025. Kevin Lamarque | Reuters Two companies led by billionaire DOGE chief Elon Musk — SpaceX and Tesla — have submitted letters lobbying the U.S. trade representative on Trump administration tariff policies. But… Continue reading Elon Musk’s SpaceX, Tesla lobby Trump trade representative on tariffs
BMW posts 37% drop in annual net profit, warns of ‘subdued’ Chinese demand
WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to… Continue reading BMW posts 37% drop in annual net profit, warns of ‘subdued’ Chinese demand
Ferrari CEO says automaker is doing ‘scenario planning’ to counter potential impact of tariffs
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images The chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers. “We are ready with some countermeasures,” Ferrari CEO Benedetto… Continue reading Ferrari CEO says automaker is doing ‘scenario planning’ to counter potential impact of tariffs
Tesla bounces for second day after steepest drop since 2020
Tesla CEO Elon Musk looks on as U.S. President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025. Mandel Ngan | AFP | Getty Images Tesla shares rose for a second straight day in early… Continue reading Tesla bounces for second day after steepest drop since 2020
Ailing Swedish EV battery firm Northvolt files for bankruptcy
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable… Continue reading Ailing Swedish EV battery firm Northvolt files for bankruptcy