China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car

Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production… Continue reading China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car

Harris vs. Trump: Auto insiders weigh in on both candidates, top issues

New Ford F-150 trucks go through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.  Bill Pugliano | Getty Images DETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of the Motor City and 1.1 million automotive jobs —… Continue reading Harris vs. Trump: Auto insiders weigh in on both candidates, top issues

Lucid has high expectations for new Gravity SUV as customer orders set to open

Lucid Gravity Grand Touring SUV Lucid Electric vehicle startup Lucid Group is counting on its upcoming Gravity SUV to assist the automaker in a “significant increase” in sales volumes to narrow the company’s losses, according to CEO Peter Rawlinson. The Gravity is Lucid’s second vehicle following the Air sedan, which the luxury EV manufacturer has… Continue reading Lucid has high expectations for new Gravity SUV as customer orders set to open

CNBC Daily Open: Stocks are approaching the hottest period of the year

The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds. Stan Honda | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily… Continue reading CNBC Daily Open: Stocks are approaching the hottest period of the year

CNBC Daily Open: Stocks are entering the hottest period of the year

A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | 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 need to know, no matter… Continue reading CNBC Daily Open: Stocks are entering the hottest period of the year

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California.  Mario Tama | Getty Images DETROIT — Ford Motor guided to the low end of its previously announced 2024 earnings forecast as it slightly topped Wall Street’s third-quarter expectations. The Detroit automaker said Monday it now… Continue reading Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

Cars stand at a Volkswagen dealership on October 10, 2024 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Volkswagen is considering widespread pay cuts and layoffs as well as the closure or size reduction of its plants in Germany, the company’s works council said Monday. Volkswagen management recently presented plans to… Continue reading Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

I just bought a Jeep for my teen driver. Here’s what I learned about the used car market

watch now When I was a teenager, I bought my first car. It was a Toyota Tercel with a few hundred miles on it and cost less than $10,000. Granted, this was 30 years ago. Now that I have a daughter turning 17, I envisioned a similar scenario. She has worked — and saved —… Continue reading I just bought a Jeep for my teen driver. Here’s what I learned about the used car market

Elon Musk’s secret talks with Putin ramped up during his Twitter takeover: WSJ report

watch now Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Citing “several current and former U.S., European and Russian officials,” the Journal reported that conversations between Putin and Musk, a Republican megadonor and Pentagon… Continue reading Elon Musk’s secret talks with Putin ramped up during his Twitter takeover: WSJ report

Tesla shares close at highest in 13 months as post-earnings rally continues

Elon Musk attends a discussion session during the Cannes Lions International Festival Of Creativity in Cannes, France, June 19, 2024. Marc Piasecki | Getty Images A day after its sharpest rally since 2013, Tesla’s stock on Friday closed at its highest in more than a year as investors and analysts continued to applaud the electric… Continue reading Tesla shares close at highest in 13 months as post-earnings rally continues