Tesla CEO Elon Musk Omar Marques | Getty Images A federal judge in California dismissed a lawsuit filed by Elon Musk’s X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the “case is about punishing the Defendants for their speech.” X sued the research group in July, accusing it… Continue reading Lawsuit filed by Elon Musk’s X against nonprofit CCDH thrown out by judge on free speech grounds
Author: CNBC Online news
China’s Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
Xiaomi’s first EV, the SU7, is on display at a Xiaomi Automotive delivery center on March 25, 2024 in Hefei, Anhui Province of China. Chinese tech company Xiaomi’s first electric vehicle, the SU7, will be formally launched on March 28. Ruan Xuefeng | Visual China Group | Getty Images Xiaomi CEO Lei Jun on Monday… Continue reading China’s Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
Nissan looks to address ‘extreme market volatility’ with 30 new models, EV cost cuts
watch now Nissan is targeting an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030, the Japanese carmaker announced Monday. In a new medium-term business plan, Nissan also said it would launch 30 new models by fiscal 2026, with 16 of these electrified.… Continue reading Nissan looks to address ‘extreme market volatility’ with 30 new models, EV cost cuts
New cars are now ‘the worst’ products when it comes to protecting consumer data
Nico De Pasquale Photography | Moment | Getty Images So-called connected cars, vehicles equipped with internet access, are becoming the norm, and their proliferation is sounding the alarm for consumer data privacy advocates. By 2030, more than 95% of the passenger cars sold are likely to have embedded connectivity, according to Counterpoint Technology Market Research.… Continue reading New cars are now ‘the worst’ products when it comes to protecting consumer data
What investors should know about the U.S. easing vehicle emissions rules
President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. Saul Loeb | AFP | Getty Images DETROIT — The Biden administration’s decision to ease its timeline for all-electric vehicle adoption and give automakers more ways to meet new tailpipe emissions standards is expected… Continue reading What investors should know about the U.S. easing vehicle emissions rules
Why auto insurance rates are skyrocketing in the U.S.
Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by… Continue reading Why auto insurance rates are skyrocketing in the U.S.
SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules
The SpaceX logo is shown on a Falcon 9 rocket as it is prepared for launch to carry NASA’s SpaceX Crew-8 astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, and Roscosmos cosmonaut Alexander Grebenkin to the International Space Station at the Kennedy Space Center, in Cape Canaveral, Florida, U.S., March 2, 2024. Joe Skipper |… Continue reading SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules
Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images DETROIT — Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what… Continue reading Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’
Why a small China-made EV has global auto execs and politicians on edge
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images LIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry. It’s not the EV itself… Continue reading Why a small China-made EV has global auto execs and politicians on edge
Aston Martin names Bentley chief Adrian Hallmark as new CEO
Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. Stefano Guidi | LightRocket | Getty Images LONDON — Adrian Hallmark, the experienced autos leader of Bentley, has been appointed as new chief executive officer of fellow British luxury automaker Aston Martin. The 61-year-old will start in his new role no later than Oct.… Continue reading Aston Martin names Bentley chief Adrian Hallmark as new CEO