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 DETROIT — Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly… Continue reading Japan’s Honda and Nissan to reportedly begin merger talks
Author: CNBC Online news
Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
Republican Presidential candidate, former U.S. President Donald Trump speaks to attendees during a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia. Brandon Bell | Getty Images President-elect Donald Trump‘s pledge to impose a blanket tariff on all goods coming into the U.S. could wreak havoc for European carmakers, with… Continue reading Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
Waymo to begin testing in Tokyo, its first international destination
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Alphabet-owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company’s first step toward international expansion. Waymo hasn’t committed to start commercial service in Tokyo yet,… Continue reading Waymo to begin testing in Tokyo, its first international destination
From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth.… Continue reading From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
Former OpenAI researcher and whistleblower found dead at age 26
Jaque Silva | Nurphoto | Getty Images A 26-year-old former OpenAI researcher, Suchir Balaji, was found dead in his San Francisco apartment in recent weeks, CNBC has confirmed. Balaji left OpenAI earlier this year and raised concerns publicly that the company had allegedly violated U.S. copyright law while developing its popular ChatGPT chatbot. “The manner… Continue reading Former OpenAI researcher and whistleblower found dead at age 26
Elon Musk reveals SEC sent him ‘settlement demand’ after Twitter buyout probe
SEC Chair Gary Gensler (L) and Elon Musk (R). Getty Images The U.S. Securities and Exchange Commission has issued a “settlement demand” to Elon Musk, the tech billionaire disclosed in a social media post on Thursday. The post included a copy of a letter sent by Musk’s attorney, Quinn Emanuel Partner Alex Spiro, to SEC… Continue reading Elon Musk reveals SEC sent him ‘settlement demand’ after Twitter buyout probe
Tesla shares close at record high, boosted by 69% pop since Trump election victory
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall… Continue reading Tesla shares close at record high, boosted by 69% pop since Trump election victory
Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — There’s a “renewed optimism” among U.S. car dealers heading into 2025, fueled by President-elect Donald Trump’s return to the White House as well as positive… Continue reading Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales
Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
An employee of the Volkswagen plant in Zwickau stands next to the VW logo on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany, on October 28, 2024. Jens Schlueter | Afp | Getty Images A perfect storm of challenges for the European automobile industry… Continue reading Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
This is the best time of year to buy a used car — wait for Memorial Day, and you’ll miss it
Ljubaphoto | E+ | Getty Images If you’re in the market for a used car, the best time of the year to buy one is fast approaching. New Year’s Eve and New Year’s Day are the best days of the year to buy a used car, because there are 47.9% more deals than average, according… Continue reading This is the best time of year to buy a used car — wait for Memorial Day, and you’ll miss it