A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market… Continue reading China’s electric car boom is increasingly more about hybrids
Author: CNBC Online news
Waymo dominated U.S. robotaxi market in 2024, but Tesla and Amazon’s Zoox loom
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Despite General Motor’s decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a driverless future. For the autonomous vehicle industry, 2024 will be remembered as… Continue reading Waymo dominated U.S. robotaxi market in 2024, but Tesla and Amazon’s Zoox loom
Expect Eaton to keep profiting from AI’s spiraling demand for computing power
A big backlog of projects should keep the company busy for the foreseeable future. Go to Source
Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
watch now Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and]… Continue reading Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
How F1 teams are turning to AI to improve performance on the track
Technology has long been key to success in motorsports. F1 teams have been technologies like cloud computing to AI and machine learning to improve performance. But with AI advances gathering pace each day, race car giants are doubling down. Peter Fox – Formula 1 | Formula 1 | Getty Images WOKING, England — Inside McLaren’s… Continue reading How F1 teams are turning to AI to improve performance on the track
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Traders work on the floor of the New York Stock Exchange on Dec. 9, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what… Continue reading CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid… Continue reading Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect Donald Trump‘s plan to impose 25% tariffs on Canadian imports would be an existential threat… Continue reading Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a… Continue reading Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why
Ursula von der Leyen, president of the European Commission, during a news conference at the Mercosur Leaders Summit in Montevideo, Uruguay, on Friday, Dec. 6, 2024. Bloomberg | Bloomberg | Getty Images The European Union’s blockbuster trade deal with South America’s Mercosur bloc is widely regarded as highly controversial, with EU member states split over… Continue reading Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why