2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before… Continue reading Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
Author: CNBC Online news
Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America Chief Operating Officer and former Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles on Nov. 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American Chief Operating Officer… Continue reading Auto giant Stellantis appoints Antonio Filosa as new CEO
Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government… Continue reading Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
How copycat phone maker Xiaomi became a force in China’s EV market
Chinese electronics company Xiaomi became the world’s third-largest phone maker by selling devices that critics said were iPhone copycats. The company is now becoming a force in the electric vehicle market, a feat Apple never managed. Xiaomi released its much anticipated YU7 crossover on Thursday, a vehicle that some have said could be China’s first… Continue reading How copycat phone maker Xiaomi became a force in China’s EV market
Tesla’s Europe sales plunge 49% on brand damage, rising competition
A Tesla car showroom stands doused in blue paint following vandalism by activists of the group New Generation on March 31, 2025 in Berlin, Germany. Omer Messinger | Getty Images European sales of Tesla vehicles plunged in April, as the U.S. electric car maker continues to face reputational damage regionally and rising competition. Tesla sold… Continue reading Tesla’s Europe sales plunge 49% on brand damage, rising competition
CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish… Continue reading CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying… Continue reading CNBC Daily Open: Europe is already responding to Trump tariffs
Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last… Continue reading Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery… Continue reading BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. The… Continue reading Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed