watch now Ford’s redesigned three-row Expedition SUV is seeing explosive growth. The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It’s sold 61,022 of the vehicles so far this year, a 13.1% increase from the same… Continue reading As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV
Author: CNBC Online news
Luxury carmaker Porsche to drop out of Germany’s DAX index as U.S. tariffs bite
The Porsche brand logo as lettering can be seen on the rear of a vehicle from the sports car manufacturer Porsche in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Porsche will soon drop out of Germany’s blue-chip DAX index following a protracted share price slump, as… Continue reading Luxury carmaker Porsche to drop out of Germany’s DAX index as U.S. tariffs bite
Waymo starts testing in Denver, Seattle in bid to expand robotaxi service across U.S.
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet’s Waymo unit will begin test drives of its robotaxis in Denver and Seattle this week, with humans behind the wheel, the company said Tuesday. “We will begin driving manually before validating our technology and operations for fully autonomous services… Continue reading Waymo starts testing in Denver, Seattle in bid to expand robotaxi service across U.S.
Musk looks past Tesla sales slump, says 80% of value will come from Optimus
A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have… Continue reading Musk looks past Tesla sales slump, says 80% of value will come from Optimus
EVs are giving Cadillac a shot at luxury leadership
Cadillac’s surging electric vehicle sales are a bright spot for a brand that has spent decades trying to recapture the prestige it lost to foreign rivals. “We’re building the best Cadillacs we’ve ever built,” said John Roth, vice president of global for Cadillac. U.S. sales for Cadillac, a General Motors brand, have been up for… Continue reading EVs are giving Cadillac a shot at luxury leadership
China’s EV maker deliveries rebound, buoyed by cheaper new models
HEFEI, CHINA – MAY 25: Chinese EV maker Nio officially launches refreshed versions of its ET5 sedan on May 25, 2025 in Hefei, Anhui Province of China. Nio officially launched the updated ET5 sedan and ET5T wagon, with an unchanged starting price but bringing multiple feature upgrades. (Photo by Zhang Dagang/VCG via Getty Images) Vcg… Continue reading China’s EV maker deliveries rebound, buoyed by cheaper new models
BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival… Continue reading BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Here’s how to get the $7,500 EV tax credit — even after the Sept. 30 deadline
Sinology | Moment | Getty Images A federal tax break for consumers who buy or lease electric vehicles will disappear after Sept. 30. However, consumers may have a little bit of wiggle room on that time frame, according to a new document released by the Internal Revenue Service. The tax credits, worth up to $7,500,… Continue reading Here’s how to get the $7,500 EV tax credit — even after the Sept. 30 deadline
Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit
Dillon Angulo, 33, looks at a roadside memorial sign reading “Drive Safely In Memory Naibel Benavidez” next to the site of a car crash where a Tesla driver using Autopilot killed her, and left him catastrophically injured in 2019, on Aug. 12, 2025, in Key Largo, Florida. Eva Marie Uzcategui | The Washington Post |… Continue reading Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit
Tesla FSD turns off more U.S. consumers than it attracts, survey finds
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk’s fervent promotion of Tesla‘s self-driving technology isn’t doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that… Continue reading Tesla FSD turns off more U.S. consumers than it attracts, survey finds