General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it… Continue reading GM ditching ‘Ultium’ name for batteries, tech amid EV changes
Author: CNBC Online news
Why the U.S. is covered in strip malls
U.S. adults make about 1.3 billion visits to shopping centers each month, or roughly 62 trips per person annually, according to the International Council of Shopping Centers. More of those consumers are going to strip malls. While some outlets like traditional malls have struggled to retain shoppers, foot traffic to strip malls is booming. Annual… Continue reading Why the U.S. is covered in strip malls
Uber gives users option to only hail full-electric cars, launches AI chatbot for EV-curious drivers
An Uber-dedicated charger at a BP Pulse electric vehicle charging station in central London, U.K., on Monday, April 11, 2022. Bloomberg | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi on Tuesday announced that the company is updating its platform with new sustainability-minded features, including an “EV preference” that will let customers opt for fully… Continue reading Uber gives users option to only hail full-electric cars, launches AI chatbot for EV-curious drivers
GM investor day: Cruise, cash and EV profits top of mind for Wall Street
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — A lot has changed since General Motors’ last investor day two years ago, but one thing that hasn’t… Continue reading GM investor day: Cruise, cash and EV profits top of mind for Wall Street
Robotaxis are here and the public is divided
Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center Survey. That’s because residents in cities that have yet to… Continue reading Robotaxis are here and the public is divided
CNBC Daily Open: September’s shockingly good jobs report changes everything
“We’re Hiring” flyers displayed at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | 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… Continue reading CNBC Daily Open: September’s shockingly good jobs report changes everything
Buttigieg claps back at Elon Musk for false claims about Helene federal response
Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire’s X platform, part of an effort to counter false conspiracies about federal disaster aid for victims of Hurricane Helene that Musk spread on X, where his follower count stands over 200 million. “No one is shutting down the airspace and FAA doesn’t… Continue reading Buttigieg claps back at Elon Musk for false claims about Helene federal response
Stellantis files federal lawsuit against UAW union over strike threats
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis is suing the United Auto Workers, escalating a monthslong battle between the trans-Atlantic automaker and American union, CNBC has… Continue reading Stellantis files federal lawsuit against UAW union over strike threats
GM halts production at two major U.S. plants due to Hurricane Helene
Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts… Continue reading GM halts production at two major U.S. plants due to Hurricane Helene
Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Shares of Rivian Automotive dropped by as much as 8.9% in intraday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and… Continue reading Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations