Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Norway’s $2 trillion sovereign wealth fund said it will vote against Elon Musk’s trillion-dollar pay package at Tesla‘s annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down… Continue reading Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Author: CNBC Online news
Tesla faces widening federal probe into door handle safety issues
Tesla models Y and 3 are displayed at a Tesla showroom in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla has been ordered to provide records to U.S. federal auto safety regulators to comply with a sweeping investigation into possible safety defects with the company’s flush-mounted, retractable door handles that… Continue reading Tesla faces widening federal probe into door handle safety issues
Ford, Hyundai report large declines in October EV sales after end of federal credits
Ford Mustang Mach-E EV vehicles at a Ford dealership in Los Angeles, California, US, on Thursday, Oct 16, 2025. Kyle Grillot | Bloomberg | Getty Images DETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday. Ford Motor,… Continue reading Ford, Hyundai report large declines in October EV sales after end of federal credits
Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.
Automaker Stellantis is making $13 billion bet on a U.S. comeback, after a rough 2024 and a $2.7 billion net loss in the first half of 2025. High prices and stale products scuttled what had been a highly successful first few years of the combined company. Stellantis was the product of a merger of French… Continue reading Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.
Auto giants rally as China says it will consider exemptions for Nexperia chip exports
In this photo illustration, the logo of semiconductor manufacturer Nexperia is displayed on a screen. Vcg | Visual China Group | Getty Images Shares of Europe’s biggest carmakers rose Monday as fears over an industry shortage of semiconductors appeared to recede. China on Saturday said it would consider some exemptions for Nexperia chip exports. It… Continue reading Auto giants rally as China says it will consider exemptions for Nexperia chip exports
Xpeng tops over 40,000 monthly deliveries again as its mass market strategy plays out
SHANGHAI, CHINA – OCTOBER 16, 2025 – New energy vehicles displayed in Xiaopeng Motors store in Shanghai, China on October 16, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images While most Chinese electric vehicle makers have seen ups and downs, Xpeng has built a slow and… Continue reading Xpeng tops over 40,000 monthly deliveries again as its mass market strategy plays out
Where the Nexperia auto chip crisis stands now as the U.S., China and EU race to contain fallout
The logo of Chinese-owned semiconductor company Nexperia is displayed at the chipmaker’s German facility, after the Dutch government seized control and auto industry bodies sounded the alarm over the possible impact on car production, in Hamburg, Germany, Oct. 23, 2025. Jonas Walzberg | Reuters Netherlands-based chipmaker Nexperia is at the heart of a standoff between… Continue reading Where the Nexperia auto chip crisis stands now as the U.S., China and EU race to contain fallout
Musk teases Tesla Roadster demo by year-end. He’s been hyping a new one since 2017
Toyota Motor Corp President Akio Toyoda gets out of a Tesla Motor’s Roadster electric car with Tesla Motors Chief Exective Officer Elon Musk (behind car) upon their arrival at a news conference in Tokyo November 12, 2010. Issei Kato | Reuters Eight years ago, Tesla CEO Elon Musk promoted a next-generation Roadster, basing the name of the… Continue reading Musk teases Tesla Roadster demo by year-end. He’s been hyping a new one since 2017
A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch
A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S.… Continue reading A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch
Jeep maker Stellantis stock falls 9% after issuing warning on one-off costs
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Shares of Stellantis fell sharply Thursday after the automaker issued a warning on one-off costs through the second half of the year… Continue reading Jeep maker Stellantis stock falls 9% after issuing warning on one-off costs