A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering… Continue reading Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit
Author: CNBC Online news
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green”… Continue reading EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles, California, U.S. Jan. 13, 2025. Daniel Cole | Reuters Tesla started offering discounts… Continue reading Tesla is offering Cybertruck discounts as EV market gets crowded
How Nissan’s profits dropped 90% in one year
A merger with rival Honda may be Nissan’s best — or perhaps only — shot at survival. The Japanese automaker is challenged in China, emerging markets and the United States — its largest market. Operating profits dropped 90% and net income dropped 94% in the first half of fiscal year 2024, compared with the same… Continue reading How Nissan’s profits dropped 90% in one year
China’s electric car boom is expected to slow down in 2025
New electric vehicles destined for Belgium at a port in Taicang city in eastern China’s Jiangsu province on Jan. 11, 2025. Future Publishing | Future Publishing | Getty Images BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Sales… Continue reading China’s electric car boom is expected to slow down in 2025
Why Trump and GOP attacks on IRA can’t score a clean sweep in red states
Volkswagen U.S. assembly of all-electric ID.4 flagship in Chattanooga, Tennessee in 2022. Volkswagen The new Republican-majority Congress has wasted no time in making its energy priorities clear. Speaker of the House Mike Johnson said from the House floor minutes after his reelection, “We have to stop the attacks on liquefied natural gas, pass legislation to… Continue reading Why Trump and GOP attacks on IRA can’t score a clean sweep in red states
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause their rearview cameras to fail,… Continue reading Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
Stellantis aims to reverse yearslong declines in U.S. sales and market share in 2025
Stellantis North America Chief Operating Officer and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, on Nov. 21, 2024. Etienne Laurent | AFP | Getty Images DETROIT — Stellantis’ top priority for the U.S. this year is… Continue reading Stellantis aims to reverse yearslong declines in U.S. sales and market share in 2025
Auto giants face some painful choices in the race to avoid hefty emissions fines
Various Mercedes-Benz vehicles are assembled in the “Factory 56” production hall. Picture Alliance | Picture Alliance | Getty Images Car manufacturers have a number of ways to mitigate the impact of the European Union’s stricter emissions targets, although analysts say all options are likely to come at a significant cost. The prospect of steep fines for failing… Continue reading Auto giants face some painful choices in the race to avoid hefty emissions fines
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China. Tesla Tesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals. The Model Y will start at 263,500 Chinese yuan ($35,935), with deliveries set to begin… Continue reading Tesla launches refreshed Model Y in China to fend off domestic rivals