A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been… Continue reading Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
Author: CNBC Online news
Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will… Continue reading Foreign automaker stocks slide on Trump tariff fears
What Trump’s election to the White House could mean for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – President-elect Donald Trump’s victory over Vice President Kamala… Continue reading What Trump’s election to the White House could mean for EVs
CNBC Daily Open: Amid focus on elections, don’t neglect market moves
People stand in line at Honolulu Hale to cast their ballot to vote in this year’s general election in Honolulu, Hawaii, on November 5, 2024. Eugene Tanner | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they… Continue reading CNBC Daily Open: Amid focus on elections, don’t neglect market moves
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
A Toyota bZ Compact SUV is pictured after a briefing on EV (electric vehicle) battery strategies at the companys showroom in Tokyo on December 14, 2021. Behrouz Mehri | Afp | Getty Images Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate… Continue reading Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
Solid-state batteries may yet catch up — but silicon anodes are winning the race to power EVs
A Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France. Chesnot | Getty Images News | Getty Images Silicon anodes appear to be leading the way in the race to commercialize next-generation battery technologies for electric vehicles. The buzz around… Continue reading Solid-state batteries may yet catch up — but silicon anodes are winning the race to power EVs
Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation’ with Nvidia
A car with autonomous driving system by Alibaba-backed DeepRoute.ai, drives on a street in Shenzhen, Guangdong province, China July 27, 2022. David Kirton | Reuters BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data… Continue reading Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation’ with Nvidia
Why Toyota and Honda vehicles have such high resale values
Toyota and Honda have at times been called boring: Honda by its own engineers, Toyota more famously by a chairman descended from the company’s founder. But while they may not have the luster of, say, European sports cars, these two Japanese brands have enviably high resale values. That means they retain more of their purchase… Continue reading Why Toyota and Honda vehicles have such high resale values
Ford’s October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels due to a union strike in October… Continue reading Ford’s October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
AI chatbots aren’t reliable for voting information, government officials warn
New York Attorney General Letitia James speaks during a press conference at the Office of the Attorney General in New York on February 16, 2024. Timothy A. Clary | AFP | Getty Images With four days until the presidential election, U.S. government officials are cautioning against reliance on artificial intelligence chatbots for voting-related information. In… Continue reading AI chatbots aren’t reliable for voting information, government officials warn