General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing… Continue reading GM hires ex-Tesla, Google exec to replace retiring head of manufacturing
Author: CNBC Online news
Xiaomi is set to launch its electric car on March 28
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. The company claimed in a social media post… Continue reading Xiaomi is set to launch its electric car on March 28
Porsche warns of fall in profitability but hikes dividend on strong 2023 results
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury… Continue reading Porsche warns of fall in profitability but hikes dividend on strong 2023 results
Paris has hiked parking charges on SUVs. Now cities like London are taking note
A view of the vehicles parked on the street in Paris, France on Nov. 22, 2023. Anadolu | Anadolu | Getty Images Parisians have voted to hike parking fees on large SUVs — and it’s not the only European city to set its sights on heavier, more polluting cars. At a referendum in Paris last… Continue reading Paris has hiked parking charges on SUVs. Now cities like London are taking note
The future of EVs in the collectible cars market, from the Tesla Roadster to BMWs and Ferraris
Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up images of an elegant convertible from the 1930s, or maybe a souped-up muscle car. But time moves on. A new crop of all-electric vehicles and… Continue reading The future of EVs in the collectible cars market, from the Tesla Roadster to BMWs and Ferraris
Trump and his allies want Elon Musk to speak at Republican National Convention
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Former President Donald Trump and his allies on… Continue reading Trump and his allies want Elon Musk to speak at Republican National Convention
GM cuts Chevy Blazer EV price as sales restart following software issues
The Chevrolet All-Electric Blazer EV. Scott Mlyn | CNBC DETROIT — General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less… Continue reading GM cuts Chevy Blazer EV price as sales restart following software issues
EV startup Fisker is fighting for survival
Henrik Fisker, a widely respected Danish automotive designer, joined the battle for electric vehicle dominance in 2007 with his first endeavor, Fisker Automotive, but failed. The company ended with his resignation and bankruptcy in 2013. Now the designer-turned-CEO is back and determined to get it right. In 2016, he came back with a new company… Continue reading EV startup Fisker is fighting for survival
House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
The Starlink photo is seen on a mobile device with Ukraine on a map in the background in this illustration photo in Warsaw, Poland on 21 September, 2022. STR | Nurphoto | Getty Images House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following… Continue reading House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on… Continue reading Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings