If you’ve just taken the top job, Nissan’s new CEO Ivan Espinosa has some advice for you. Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits. “Keep the optimism up, because the environment is very tough,… Continue reading Nissan’s CEO on leading in chaos: Be fast and be flexible
Author: CNBC Online news
Nissan CEO says mega savings plan will fix the struggling automaker
Ivan Espinosa, chief executive officer of Nissan Motor Co., speaks during an interview at the company’s headquarters in Yokohama, Japan, on Thursday, May 15, 2025. Bloomberg | Bloomberg | Getty Images Nissan CEO Ivan Espinosa on Wednesday said the short-term focus is to fix the struggling automaker, as it undergoes major restructuring efforts to get… Continue reading Nissan CEO says mega savings plan will fix the struggling automaker
Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere
Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Tesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.… Continue reading Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere
Ford reports 16% sales increase in May amid employee pricing, tariffs
watch now DETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year U.S. sales increase for May, as the automaker continues an employee pricing program amid rising tariff costs and vehicle price increases. Sales for the Detroit automaker were led by a 17.2% increase in purchases of its vehicles with traditional internal combustion engines, as… Continue reading Ford reports 16% sales increase in May amid employee pricing, tariffs
Why Tesla sales are rebounding in Norway while Europe lags
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla‘s sale of new cars in Norway skyrocketed 213% in May from a year ago, according to… Continue reading Why Tesla sales are rebounding in Norway while Europe lags
China’s Leapmotor and Huawei-backed Aito report record high deliveries in May as competition heats up
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. Cfoto | Future Publishing | Getty Images Chinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to catch up as the price war intensifies. Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting… Continue reading China’s Leapmotor and Huawei-backed Aito report record high deliveries in May as competition heats up
Tesla gains 22% in May as Elon Musk ends time with Trump’s DOGE
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images Shares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in… Continue reading Tesla gains 22% in May as Elon Musk ends time with Trump’s DOGE
As EVs stumble, automakers are bringing back a kind of hybrid that promises long range
Volkswagen is planning to begin production of an EREV pickup truck and SUV under the Scout brand name starting in 2027. Volkswagen Major automakers are set to resurrect a type of hybrid vehicle that seemed dead in the U.S. just a few years ago to meet a changing consumer demand landscape. Extended-range electric vehicles (EREVs)… Continue reading As EVs stumble, automakers are bringing back a kind of hybrid that promises long range
Jeep reveals new Cherokee SUV, confirms hybrid model
2025 Jeep Cherokee SUV Stellantis DETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year. The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify… Continue reading Jeep reveals new Cherokee SUV, confirms hybrid model
Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company. “Tesla’s stock price volatility, declining sales, as… Continue reading Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds