American pickup truck buyers are having some trouble adjusting to a new age of tightening emissions requirements and electrification. Stellantis — the parent company of brands like Ram Trucks, Jeep and Dodge — has been hit especially hard. The company briefly removed its popular gas-powered Hemi V-8 engine from much of its lineup, including from… Continue reading Why Ram had to revive its legendary Hemi V-8 engine
Author: CNBC Online news
Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people… Continue reading Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro. Courtesy: Nick Twork | Lucid Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up… Continue reading Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s… Continue reading Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to… Continue reading Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis
Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC In May, Tesla changed its corporate bylaws in a way that would require investors to own 3% of the stock, today worth about $30 billion, in order to file a derivative lawsuit against the company for breach of fiduciary duties. Authorities in New… Continue reading Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials
Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO
A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. John Keeble | Getty Images News | Getty Images Shares of French carmaker Renault plunged as much as 18% on Wednesday after the… Continue reading Renault shares plunge 18% after French carmaker lowers guidance, appoints new interim CEO
GM expands production of gas-powered SUV, trucks in Michigan
watch now General Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of pickup trucks in its home state. “GM will begin production of the Cadillac Escalade, as well as the Chevrolet Silverado and GMC Sierra light duty pickups at Orion Assembly in early… Continue reading GM expands production of gas-powered SUV, trucks in Michigan
Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’
In this photo illustration, logo of Tesla is displayed on a mobile phone screen in front of the Indian flag in Ankara, Turkiye on November 28, 2023. Cem Genco | Anadolu | Getty Images Tesla has made its long-awaited debut in India, where it will sell its electric SUV, the Model Y, starting at $69,770,… Continue reading Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker ‘tests the waters’
I’m in Norway — and EVs are everywhere. Here’s what the country has done differently
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 OSLO, Norway — Electric vehicles are pretty much everywhere you look in Norway. The wealthy Nordic country,… Continue reading I’m in Norway — and EVs are everywhere. Here’s what the country has done differently