Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | Reuters DETROIT — “Arrogant.” It’s the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker’s troubles in the U.S. It’s… Continue reading Stellantis CEO Carlos Tavares lost control of the automaker with ‘arrogant’ mistakes, sources say
Author: CNBC Online news
Dodge maker Stellantis and China’s CATL team up to build $4.3 billion EV battery plant in Spain
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium… Continue reading Dodge maker Stellantis and China’s CATL team up to build $4.3 billion EV battery plant in Spain
Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024. Brandon Bell | Getty Images Tesla is being sued by the family of a driver who died in a 2023 collision, claiming the company’s “fraudulent misrepresentation” of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni Mendoza-Martinez,… Continue reading Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO’s exit
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022. Michael Wayland / CNBC DETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned. Kuniskis, who retired from the automaker in May, will once again lead the company’s Ram… Continue reading Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO’s exit
Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta shares continued their extended rally on Friday, rising 2.4% and closing at a record after a federal appeals court upheld a law requiring China’s ByteDance… Continue reading Meta shares rise on potential TikTok ban in U.S., closing at record alongside Amazon
Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide
Uber and WeRide are partnering to offer robotaxi service in Abu Dhabi. Courtesy Uber Technologies, Inc. Uber is partnering with China’s WeRide to offer autonomous vehicle rides in Abu Dhabi, the United Arab Emirates, the companies announced Friday. To start, each WeRide robotaxi that’s hailed via the Uber app will come with a human driver… Continue reading Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide
Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
The battery of an electric car is recharged at a roadside charging station on January 09, 2024 in London, England. Leon Neal | Getty Images News | Getty Images Britain is forecast to hit “peak petrol” in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share… Continue reading Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
‘Last minute spending spree’ by Biden, including Rivian loan, to get DOGE scrutiny, says Vivek Ramaswamy
watch now Department of Government Efficiency co-lead and former U.S. presidential candidate Vivek Ramaswamy isn’t prepared just yet to reveal his hand when it comes to where the new agency he will run with Elon Musk under President-elect Trump, DOGE, will target spending cuts. But one immediate area of focus where he isn’t holding back… Continue reading ‘Last minute spending spree’ by Biden, including Rivian loan, to get DOGE scrutiny, says Vivek Ramaswamy
EV tax credit is ‘catastrophically stupid,’ says incoming Ohio Senator and ‘car czar’ Bernie Moreno
Ohio Republican Senator-elect Bernie Moreno at the CNBC CFO Council Summit 2024 in Washington, D.C. Brian Stukes | CNBC Republican Senator-elect Bernie Moreno, who made his living as a luxury car dealer before running against and defeating Democrat Sherrod Brown in the large manufacturing state of Ohio, said he is aiming to become the “car… Continue reading EV tax credit is ‘catastrophically stupid,’ says incoming Ohio Senator and ‘car czar’ Bernie Moreno
How Jaguar plans to save itself
British carmaker Jaguar is undaunted by the criticism its recent rebranding campaign generated. A video launching the overhaul went viral online as commenters critiqued the company’s design choices, called the company “woke,” and questioned why the ad did not feature a car. But experts say the company’s real challenge is executing its plan to save… Continue reading How Jaguar plans to save itself