U.S. automakers are increasingly entering the energy storage business as they pivot away from electric vehicles and try make use of battery factories that cost billions of dollars. Energy storage uses a lot of the same underlying technology as EV batteries to store power for homes, businesses and even utilities. Tesla has been investing in… Continue reading Automakers like Ford and GM are jumping into a whole new business where Tesla is a serious player
Author: CNBC Online news
Toyota Industries shares hit record high after Toyota Motor raises buyout offer to over $35 billion
The Toyota Industries Corp. logo at the company’s Nagakusa plant in Obu, Aichi Prefecture, Japan. Bloomberg | Bloomberg | Getty Images Shares of forklift manufacturer Toyota Industries jumped to a record high on Thursday, a day after Toyota Motor sweetened the tender offer price for buying out the carmaker by more than 15% to over… Continue reading Toyota Industries shares hit record high after Toyota Motor raises buyout offer to over $35 billion
Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround… Continue reading Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy
Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
In this photo illustration, a person holds a smartphone showing Ani, an anime-style virtual assistant character featured in the Grok 4 AI chatbot developed by xAI, with the Grok logo visible in the background on July 16, 2025 in Chongqing, China. Cheng Xin | Getty Images Elon Musk‘s xAI is now facing an investigation in… Continue reading Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
Musk says Tesla is moving Full Self-Driving to a monthly subscription
watch now Tesla CEO Elon Musk said Wednesday that the electric vehicle maker will stop selling its Full Self-Driving (Supervised) software for a flat rate and instead make it only available as a monthly subscription. “Tesla will stop selling FSD after Feb 14,” Musk said in an early morning post on his social media platform… Continue reading Musk says Tesla is moving Full Self-Driving to a monthly subscription
Ford expands Bronco SUV performance lineup with ‘more attainable’ RTR model
2027 Ford Bronco RTR Courtesy Ford DETROIT — Ford Motor on Tuesday said it is expanding its Bronco SUV lineup to include a new model that the automaker is touting as having a mix of off-road and street performance capabilities. The 2027 Ford Bronco RTR will become the eighth model in the lineup, beneath a… Continue reading Ford expands Bronco SUV performance lineup with ‘more attainable’ RTR model
Inside GM’s new world headquarters: Modernized midcentury designs with artifacts, surprises from the American icon
A 1963 Chevrolet K20 pickup truck and a new Chevrolet Silverado EV sit outside General Motors’ new world headquarters on Jan. 6, 2026 in Detroit. Michael Wayland | CNBC DETROIT – Outside General Motors‘ new world headquarters, between the 12-story building and the city’s first new skyscraper in more than 30 years, sit two red… Continue reading Inside GM’s new world headquarters: Modernized midcentury designs with artifacts, surprises from the American icon
Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall
The Camp Jeep outdoor terrain at the New York International Auto Shown on April 16, 2025. Danielle DeVries | CNBC DETROIT — Stellantis is scrapping its plug-in hybrid electric Jeep SUVs and Chrysler minivan amid slowing EV sales, quality issues and weakened federal fuel economy requirements. The automaker on Friday said the decision to end… Continue reading Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall
GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that… Continue reading GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
Used vehicle pricing expected to increase 2% in 2026, a historically stable rate
Ford Mustangs at a used car dealership in Montebello, California, May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday forecast that wholesale prices… Continue reading Used vehicle pricing expected to increase 2% in 2026, a historically stable rate