Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15% from the current 25%, Reuters… Continue reading Japan auto stocks soar on report of lower tariffs — Toyota jumps over 15%
Author: CNBC Online news
GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage”… Continue reading GM says EVs are its ‘North Star’ as legacy automaker chases Tesla
Tesla Diner: Photos show opening of Musk’s futuristic California drive-in
People dine inside during the opening of the Tesla Diner and drive-in restaurant and supercharger on Santa Monica Blvd. in the Hollywood neighborhood of Los Angeles on July 21, 2025. Patrick T. Fallon | Afp | Getty Images Elon Musk‘s flagship Tesla Diner opened Monday in Hollywood, California, and the CEO is already eyeing expansion.… Continue reading Tesla Diner: Photos show opening of Musk’s futuristic California drive-in
These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
This photograph shows the front logo of a car at the new Citroen C5 Aircross’ production line in the Stellantis car maker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025. Damien Meyer | Afp | Getty Images U.S. President Donald Trump‘s tariffs on European car imports were always expected to hit hard… Continue reading These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
GM reports $1.1 billion tariff impact as automaker works to ‘greatly reduce’ exposure
watch now General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump‘s auto tariffs. Shares of the company fell 8%. While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect.… Continue reading GM reports $1.1 billion tariff impact as automaker works to ‘greatly reduce’ exposure
Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its… Continue reading Jeep maker Stellantis warns of a shock $2.7 billion loss as tariffs bite
Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them… Continue reading Chinese companies are waging fierce price wars — but the consumer isn’t always the winner
Why Ram had to revive its legendary Hemi V-8 engine
American pickup truck buyers are having some trouble adjusting to a new age of tightening emissions requirements and electrification. Stellantis — the parent company of brands like Ram Trucks, Jeep and Dodge — has been hit especially hard. The company briefly removed its popular gas-powered Hemi V-8 engine from much of its lineup, including from… Continue reading Why Ram had to revive its legendary Hemi V-8 engine
Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people… Continue reading Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro. Courtesy: Nick Twork | Lucid Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up… Continue reading Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company