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
Author: CNBC Online news
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
Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric vehicle to its robotaxi fleet. Courtesy image Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric… Continue reading Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating… Continue reading Auto giants are getting nervous about the prospect of mega fines as EV demand falters
After a decade of Elon Musk promising Tesla robotaxis, here’s what we know
For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. Next week, the company will unveil the design of its autonomous cabs. Despite years of bold predictions and missed deadlines, fans of the company are holding out hope that Musk will finally deliver at an Oct.… Continue reading After a decade of Elon Musk promising Tesla robotaxis, here’s what we know
Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor lost its lead in electric vehicle sales to crosstown rival General Motors during the third quarter, as the automaker’s EV growth slowed. Ford on Wednesday reported… Continue reading Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
Tesla stock slips after EV maker misses estimates on deliveries
watch now Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell as much as 3.7% after the report. Here are the key numbers: Total deliveries Q3 2024: 462,890 Total production Q3 2024: 469,796 Analysts were expecting deliveries of 463,310 in the period ended Sept. 30, according to estimates compiled by FactSet… Continue reading Tesla stock slips after EV maker misses estimates on deliveries
Stellantis U.S. auto sales extend free fall in third quarter
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images DETROIT — Stellantis‘ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The trans-Atlantic carmaker reported U.S. sales Wednesday… Continue reading Stellantis U.S. auto sales extend free fall in third quarter
Tesla set to report Q3 deliveries ahead of robotaxi event
Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. Shannon Stapleton | Reuters Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday. Analysts are expecting Elon Musk‘s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That… Continue reading Tesla set to report Q3 deliveries ahead of robotaxi event
GM reports 2.2% decrease in third-quarter sales, but EVs make gains
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared… Continue reading GM reports 2.2% decrease in third-quarter sales, but EVs make gains