2025 Jeep Cherokee SUV Stellantis DETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year. The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify… Continue reading Jeep reveals new Cherokee SUV, confirms hybrid model
Author: CNBC Online news
Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company. “Tesla’s stock price volatility, declining sales, as… Continue reading Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds
Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before… Continue reading Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America Chief Operating Officer and former 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 on Nov. 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American Chief Operating Officer… Continue reading Auto giant Stellantis appoints Antonio Filosa as new CEO
Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government… Continue reading Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
How copycat phone maker Xiaomi became a force in China’s EV market
Chinese electronics company Xiaomi became the world’s third-largest phone maker by selling devices that critics said were iPhone copycats. The company is now becoming a force in the electric vehicle market, a feat Apple never managed. Xiaomi released its much anticipated YU7 crossover on Thursday, a vehicle that some have said could be China’s first… Continue reading How copycat phone maker Xiaomi became a force in China’s EV market
Tesla’s Europe sales plunge 49% on brand damage, rising competition
A Tesla car showroom stands doused in blue paint following vandalism by activists of the group New Generation on March 31, 2025 in Berlin, Germany. Omer Messinger | Getty Images European sales of Tesla vehicles plunged in April, as the U.S. electric car maker continues to face reputational damage regionally and rising competition. Tesla sold… Continue reading Tesla’s Europe sales plunge 49% on brand damage, rising competition
CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish… Continue reading CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying… Continue reading CNBC Daily Open: Europe is already responding to Trump tariffs
Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last… Continue reading Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive