Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s… Continue reading Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
Author: CNBC Online news
Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to… Continue reading Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis
Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC In May, Tesla changed its corporate bylaws in a way that would require investors to own 3% of the stock, today worth about $30 billion, in order to file a derivative lawsuit against the company for breach of fiduciary duties. Authorities in New… Continue reading Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials
Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO
A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. John Keeble | Getty Images News | Getty Images Shares of French carmaker Renault plunged as much as 18% on Wednesday after the… Continue reading Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO
GM expands production of gas-powered SUV, trucks in Michigan
watch now General Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of pickup trucks in its home state. “GM will begin production of the Cadillac Escalade, as well as the Chevrolet Silverado and GMC Sierra light duty pickups at Orion Assembly in early… Continue reading GM expands production of gas-powered SUV, trucks in Michigan
Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’
In this photo illustration, logo of Tesla is displayed on a mobile phone screen in front of the Indian flag in Ankara, Turkiye on November 28, 2023. Cem Genco | Anadolu | Getty Images Tesla has made its long-awaited debut in India, where it will sell its electric SUV, the Model Y, starting at $69,770,… Continue reading Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’
I’m in Norway — and EVs are everywhere. Here’s what the country has done differently
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Electric vehicles are pretty much everywhere you look in Norway. The wealthy Nordic country,… Continue reading I’m in Norway — and EVs are everywhere. Here’s what the country has done differently
Elon Musk looms over jury selection in Tesla Autopilot fatality trial
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Tesla CEO Elon Musk was not in a Miami courtroom Monday, but his name loomed large as a jury was selected for the federal trial of… Continue reading Elon Musk looms over jury selection in Tesla Autopilot fatality trial
GM, LG to upgrade Tennessee plant to make low-cost EV batteries
Ultium Cells Spring Hill, TN. September 2022. Courtesy: Ultium Cells LLC Ultium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells. GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’… Continue reading GM, LG to upgrade Tennessee plant to make low-cost EV batteries
Musk says he does not support a merger between Tesla and xAI but backs investment
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company. X account @BullStreetBets_ posted an open question to Tesla investors on the… Continue reading Musk says he does not support a merger between Tesla and xAI but backs investment