Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team’s official automotive partner. Courtesy: Audi Audi is driving up its sports investments and becoming the official premium automotive partner of Inter Miami CF. The Volkswagen-owned company announced Thursday it has struck a multiyear partnership with the South Florida soccer club as… Continue reading Audi strikes multiyear partnership with MLS’ Inter Miami CF
Author: CNBC Online news
China’s robotaxi push sparks concerns about job security for drivers
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction… Continue reading China’s robotaxi push sparks concerns about job security for drivers
Volkswagen shares slip as it considers Brussels plant closure on weak EV demand
A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. David Dee Delgado | Reuters Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels. The… Continue reading Volkswagen shares slip as it considers Brussels plant closure on weak EV demand
Tesla shares wipe out loss for the year with 27% rally this week
Elon Musk attends “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” during the Cannes Lions International Festival Of Creativity 2024 – Day Three in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Images Tesla’s stock price rose enough on Friday to wipe out its loss for the year… Continue reading Tesla shares wipe out loss for the year with 27% rally this week
Rent a car for a road trip, or drive your own? 5 things to consider
Patchareeporn Sakoolchai | Moment | Getty Images Summer is the season of road trips. A record 70.9 million Americans are expected to travel by car during the July Fourth holiday week alone, according to AAA. For some car owners, it might be more financially savvy to rent a vehicle for a road trip than use… Continue reading Rent a car for a road trip, or drive your own? 5 things to consider
Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
An electric vehicle of the model Y is pictured during the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide, southeast of Berlin. – US electric car pioneer Tesla received the go-ahead for its “gigafactory” in Germany on March 4, 2022, paving the way for production to begin shortly after an… Continue reading Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
The five secrets to Ferrari’s success as a luxury brand
watch now In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more… Continue reading The five secrets to Ferrari’s success as a luxury brand
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Getty Images The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result. The European Commission, the executive arm of the European Union, announced plans for such levies in June after concluding… Continue reading China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Ford sales edge 1% higher in the second quarter, led by trucks
Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups… Continue reading Ford sales edge 1% higher in the second quarter, led by trucks
Tesla stock rises again after better-than-expected deliveries report
A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Mike Blake | Reuters Tesla shares rallied for a third straight day on Wednesday, bringing their gains for the week to 23% and almost wiping out their 2024 loss. The run follows Tesla’s second-quarter vehicle production and deliveries… Continue reading Tesla stock rises again after better-than-expected deliveries report