Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024. Michael Wayland/ CNBC DETROIT — Ford Motor‘s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night. “I’m happy to say that Ford makes… Continue reading Ford CEO says China operations earned $600 million in 2024
Author: CNBC Online news
Elon Musk promotes far-right Alternative for Germany candidate, hosts discussion on X
Alice Weidel, co-leader of the far-right Alternative for Germany (AfD) political party, arrives to speak to the media with AfD co-leader Tino Chrupalla shortly after the AfD leadership confirmed Weidel as the party’s candidate for chancellor on December 07, 2024 in Berlin, Germany. Maryam Majd | Getty Images Elon Musk used his social network X… Continue reading Elon Musk promotes far-right Alternative for Germany candidate, hosts discussion on X
Scout has more than 50,000 reservations for upcoming EVs as VW aims to grow U.S. share
Scout Terra pickup truck and Scout Traveler SUV concepts Scout LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume. Volkswagen revived Scout, which was an old American brand from 1961 to 1980, and revealed production-intent vehicles of its Terra pickup… Continue reading Scout has more than 50,000 reservations for upcoming EVs as VW aims to grow U.S. share
Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
Used Honda Pilots are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty Images Used vehicle prices are expected to continue to stabilize in 2025 after swinging wildly for several years before starting to calm down in 2024. Auto data and logistics firm Cox… Continue reading Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility
British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024. Bloomberg | Bloomberg | Getty Images British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing growing demand for… Continue reading British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
Honda 0 Saloon & Honda 0 SUV prototypes Honda LAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company’s newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio. The vehicles are the Honda 0 Saloon, which is an updated version of a… Continue reading Honda reveals two new ‘0 Series’ EVs to be produced in Ohio
BMW to install new ‘panoramic’ display in all vehicles
BMW said it will begin installing a new operating system and “panoramic” display in all its new vehicles by the end of 2025. BMW LAS VEGAS — BMW AG will install a new operating system and “panoramic” display in all of its upcoming vehicles, the company said Tuesday. The new BMW Panoramic iDrive system, which… Continue reading BMW to install new ‘panoramic’ display in all vehicles
Stellantis reveals redesigned Ram heavy-duty trucks
2025 Ram 2500 Heavy Duty Ram DETROIT — Stellantis has redesigned its large Ram heavy-duty trucks — and it’s betting those updates will help reverse three consecutive years of sales declines for the brand. The new Ram 2500 and 3500 pickups and chassis cab trucks feature updated interior and exterior designs, as well as a… Continue reading Stellantis reveals redesigned Ram heavy-duty trucks
Toyota is ‘exploring rockets’ with nearly $45 million investment in Japanese launch startup, chairman says
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | Getty Images LAS VEGAS — Toyota Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday. The… Continue reading Toyota is ‘exploring rockets’ with nearly $45 million investment in Japanese launch startup, chairman says
Chrysler sales have shrunk 80% in two decades. Here’s how executives plan to bring the brand back
The heyday of Chrysler appears long gone. A series of mergers has turned the once-ubiquitous Chrysler Corporation into a piece of the larger Euro-American automaker Stellantis. Once a relatively diversified brand, with sedans, SUVs and even a convertible, Chrysler now has only two models, both of them different versions of the same minivan. The Chrysler… Continue reading Chrysler sales have shrunk 80% in two decades. Here’s how executives plan to bring the brand back