United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The… Continue reading Mercedes-Benz workers in Alabama vote against UAW union membership
Author: CNBC Online news
Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced… Continue reading Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid… Continue reading ‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
World’s top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event
watch now Scottie Scheffler, the top golfer in the world, was arrested Friday and charged with felony assault on a police officer and reckless driving outside of a PGA championship event in Louisville, Kentucky. Scheffler, 27, was detained after he was seen driving on a median toward the entrance to Valhalla Golf Club, the site… Continue reading World’s top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event
As Tesla layoffs continue, here are 600 jobs the company cut in California
In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory in Fremont, California, April 24, 2024. Justin Sullivan | Getty Images As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its… Continue reading As Tesla layoffs continue, here are 600 jobs the company cut in California
Auto incentives are back — but high interest rates weaken deals for buyers
Simonskafar | E+ | Getty Images Incentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. “Pre-pandemic, people would see a 0% financing for 60 months and think, ‘no big deal,’ because it was available everywhere,” said Jessica Caldwell, an insights analyst at Edmunds, an auto… Continue reading Auto incentives are back — but high interest rates weaken deals for buyers
Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images DETROIT — President Joe Biden’s plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the… Continue reading Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first… Continue reading Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Baidu’s robotaxi unit expects to turn profitable next year
A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. Jade Gao | Afp | Getty Images SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla’s… Continue reading Baidu’s robotaxi unit expects to turn profitable next year
Tesla is sued over air pollution from factory operations in Fremont, California
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Tesla is being sued by the nonprofit Environmental Democracy Project, which alleges “ongoing failure to comply with the Clean Air Act” at the electric vehicle company’s assembly plant in Fremont, California. In the suit, filed… Continue reading Tesla is sued over air pollution from factory operations in Fremont, California