watch now Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and]… Continue reading Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
Author: CNBC Online news
How F1 teams are turning to AI to improve performance on the track
Technology has long been key to success in motorsports. F1 teams have been technologies like cloud computing to AI and machine learning to improve performance. But with AI advances gathering pace each day, race car giants are doubling down. Peter Fox – Formula 1 | Formula 1 | Getty Images WOKING, England — Inside McLaren’s… Continue reading How F1 teams are turning to AI to improve performance on the track
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Traders work on the floor of the New York Stock Exchange on Dec. 9, 2024. Michael Nagle | Bloomberg | 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 need to know, no matter where they are. Like what… Continue reading CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid… Continue reading Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect Donald Trump‘s plan to impose 25% tariffs on Canadian imports would be an existential threat… Continue reading Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024. Kyodo | Via Reuters Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a… Continue reading Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why
Ursula von der Leyen, president of the European Commission, during a news conference at the Mercosur Leaders Summit in Montevideo, Uruguay, on Friday, Dec. 6, 2024. Bloomberg | Bloomberg | Getty Images The European Union’s blockbuster trade deal with South America’s Mercosur bloc is widely regarded as highly controversial, with EU member states split over… Continue reading Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why
House Democrats say GOP caved to Musk in funding bill, protecting his China interests
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk, sinking a… Continue reading House Democrats say GOP caved to Musk in funding bill, protecting his China interests
What tariffs mean for car prices: ‘There’s no such thing as a 100% American vehicle,’ auto expert says
Professionalstudioimages | E+ | Getty Images President-elect Donald Trump has been vocal about potentially raising tariffs on imported goods, which experts say could bump up car prices. Trump has talked about implementing an additional 10% tariff on Chinese imported goods, as well as adding tariffs of 25% on all products from Mexico and Canada. On… Continue reading What tariffs mean for car prices: ‘There’s no such thing as a 100% American vehicle,’ auto expert says
Elon Musk endorses far-right Alternative for Germany party in upcoming election
Tesla CEO and X owner Elon Musk gestures behind protective glass during a rally for Republican presidential nominee and former U.S. president Donald Trump, at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024. Carlos Barria | Reuters Tesla CEO Elon Musk, a meagdonor and adviser to President-elect… Continue reading Elon Musk endorses far-right Alternative for Germany party in upcoming election