GUANGZHOU,CHINA – NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images More Chinese electric vehicle brands are launching in Singapore… Continue reading More Chinese EV makers debut in Singapore as the city-state boosts adoption with incentives, more charging points
Author: CNBC Online news
Elon Musk’s support for Trump pushes a corporate customer away from Tesla
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters European drugstore giant Rossmann announced Tuesday it will no longer buy Tesla‘s electric vehicles for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political… Continue reading Elon Musk’s support for Trump pushes a corporate customer away from Tesla
Rivian tops Wall Street’s second-quarter expectations amid cost cuts
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company… Continue reading Rivian tops Wall Street’s second-quarter expectations amid cost cuts
Uber reports better-than-expected earnings and revenue for second quarter
watch now Uber on Tuesday reported second-quarter earnings results that topped Wall Street estimates. The stock rose about 6% at the market open. Here’s how the company did for the period ending June 30, compared with what Wall Street was expecting based on a survey of analysts by LSEG: Earnings per share: 47 cents vs. 31… Continue reading Uber reports better-than-expected earnings and revenue for second quarter
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s… Continue reading Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — Tadge Juechter’s first “taste” of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car, known as the ZR1, back in 1985. Nearly 40 years later, not only are… Continue reading Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
Li Auto’s July deliveries hit a record as Chinese EV consumers prefer hybrid options
A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li… Continue reading Li Auto’s July deliveries hit a record as Chinese EV consumers prefer hybrid options
Carvana beats Wall Street’s second-quarter expectations, guides toward record year
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty Images Shares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street’s expectations for the second quarter and disclosed… Continue reading Carvana beats Wall Street’s second-quarter expectations, guides toward record year
UAW union endorses Vice President Kamala Harris for president over Trump
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024. Andrew Harnik | Getty Images The United Auto Workers on Wednesday endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement… Continue reading UAW union endorses Vice President Kamala Harris for president over Trump
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company’s electric cars,… Continue reading Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’