General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on “the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM’s workforce” in Washington, U.S., December 13, 2023. Elizabeth Frantz | Reuters DETROIT – General Motors CEO… Continue reading GM CEO Mary Barra says she has no plans to retire soon as automaker’s transformation continues
Author: CNBC Online news
Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images PARIS— Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on… Continue reading Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
We maintain our rating on Ford shares after a bullish Street initiation
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks were mixed on Thursday. The Nasdaq hit a record high after Club holding Nvidia’s spectacular quarterly earnings report on Wednesday. The leading AI chipmaker once again crushed analysts’… Continue reading We maintain our rating on Ford shares after a bullish Street initiation
Tesla could use more of Elon Musk’s focus, former board member says
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla could use more of high-profile CEO Elon Musk’s divided focus at a critical juncture for the electric… Continue reading Tesla could use more of Elon Musk’s focus, former board member says
Rollback in IRA’s EV incentives would benefit China, says GM board member
watch now Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. “I think we risk losing the auto manufacturing share to China. We really do, globally,” McNeill, a former Tesla president and cofounder and CEO of DVx Ventures,… Continue reading Rollback in IRA’s EV incentives would benefit China, says GM board member
GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential family hauler and a go-to car for people seeking an… Continue reading GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. Arnaud Finistre | AFP via Getty Images PARIS, France — French car giant Peugeot told CNBC this week that it’s partnering with Vay, a German mobility startup, to integrate so-called “teledriving” tech — an alternative to autonomous… Continue reading Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. The company’s Hong Kong-listed shares rose more than 13% in… Continue reading Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
Tesla Fremont factory suffers another fire, investigation underway
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images A fire broke out at Tesla‘s vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. No injuries were reported among employees… Continue reading Tesla Fremont factory suffers another fire, investigation underway
How Toyota’s Tacoma became king of the U.S. midsize truck market
The American pickup truck market is dominated by domestic brands, primarily Ford, Chevrolet, GMC and Ram. U.S. brands benefit from a loyal buyer base, and a 25% tax on imported trucks. But the Toyota Tacoma shows how a foreign automaker can find and control a niche within that market. The top-selling full-size pickup line is… Continue reading How Toyota’s Tacoma became king of the U.S. midsize truck market