Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. Frederic J. Brown | AFP | Getty Images WARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the Detroit automaker would be well on its… Continue reading GM’s EV sales momentum is finally building as new vehicle lineup fills out
Author: CNBC Online news
From frustration to excitement: The long, winding road of Alphabet’s self-driving Waymo unit
Alphabet ‘s self-driving car unit Waymo is finally shifting into high gear. After years of heavy investment and losses, Waymo ridership is picking up momentum in its existing West Coast markets, and the company just inked an expanded partnership with Uber to bring its robotaxi service to the ride-hailing giant’s app in Atlanta and Austin,… Continue reading From frustration to excitement: The long, winding road of Alphabet’s self-driving Waymo unit
How Elon Musk hopes his new supercomputers will boost his businesses
Elon Musk is on a mission to build new supercomputers. As the CEO of Tesla and his new artificial intelligence startup xAI, the tech titan has big plans for how artificial intelligence can help to supercharge his businesses. In January, he wrote on X that Tesla should be viewed as an AI/robotics company rather than… Continue reading How Elon Musk hopes his new supercomputers will boost his businesses
SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters The Securities and Exchange Commission has asked a federal judge to sanction Elon Musk if he… Continue reading SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector.… Continue reading Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they… Continue reading Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
Elon Musk, left, and Brazil Supreme Court Justice Alexandre de Moraes. Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court Thursday. The fines imposed by Brazil’s supreme court amount to $5 million… Continue reading Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – A year after unprecedented strikes by the United… Continue reading UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against… Continue reading UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract
Why the European Union’s tariffs on Chinese automakers may not work
By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German… Continue reading Why the European Union’s tariffs on Chinese automakers may not work