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
Author: CNBC Online news
GM expects more than $5 billion impact from China restructuring, including plant closures
watch now DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in noncash charges and write-downs, the Detroit automaker disclosed in a federal filing Wednesday morning. GM said it expects to write down the value of its joint-venture operations in… Continue reading GM expects more than $5 billion impact from China restructuring, including plant closures
Jaguar reveals ‘Type 00’ concept car, first under controversial new brand identity
Image of Jaguar Type 00 concept vehicle Jaguar Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called “Type 00.” The vehicle, pronounced “Type Zero Zero,” features a minimalistic yet somewhat gaudy design. It is boxy with sleek lights and large wheels, a notably… Continue reading Jaguar reveals ‘Type 00’ concept car, first under controversial new brand identity
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner… Continue reading GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s… Continue reading Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand… Continue reading Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
watch now DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said that its process to appoint… Continue reading Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs.… Continue reading Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
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, U.S., November 19, 2024. Brandon Bell | Via Reuters Elon Musk and Vivek Ramaswamy will visit Capitol Hill to discuss government reform with Republican congressional leaders Dec. 5, House Speaker Mike Johnson,… Continue reading Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
‘Europe’s Detroit’ built a thriving car industry. Trump tariffs now threaten to unravel its success
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump’s “America First” economic agenda. Nicknamed the “Detroit of Europe” due to… Continue reading ‘Europe’s Detroit’ built a thriving car industry. Trump tariffs now threaten to unravel its success