Apple offered investors more reasons to like its stock after the company reportedly canceled its decadelong electric, self-driving car project and CEO Tim Cook talked up the iPhone maker’s artificial intelligence vision. The tech giant announced the end to its autonomous EV pursuits internally Tuesday, Bloomberg News reported , citing people with knowledge of the… Continue reading Investors get more reasons to like Apple as company abandons EV plans and CEO updates AI ambitions
Author: CNBC Online news
Hybrids lead Consumer Reports’ top 10 new vehicle picks
Toyota hybrid vehicles for sale at a dealership in Chicago, Feb. 6, 2024. Scott Olson | Getty Images Hybrid vehicles led the 2024 top vehicle rankings released Tuesday by influential product testing organization Consumer Reports. Such “electrified” vehicles, including plug-in hybrid models, represented six of the top 10 picks by the nonprofit consumer organization. The… Continue reading Hybrids lead Consumer Reports’ top 10 new vehicle picks
How Ford can challenge a powerful Chinese EV maker’s potential entrance in the U.S.
Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. That’s what Ford CEO Jim Farley recently told Wall Street. He said he has a plan as one such EV maker looks to break into America. BYD — short for Build Your Dreams — could pose a threat to Ford and other… Continue reading How Ford can challenge a powerful Chinese EV maker’s potential entrance in the U.S.
Xiaomi bets big on its new electric vehicle — targets 20 million premium users
watch now BEIJING – Chinese smartphone company Xiaomi believes it’s identified a consumer niche that will pay up for its upcoming electric car in a fiercely competitive market. “We think it’s a good starting point for us in the premium segment because we have already 20 million premium users in China based on the smartphone,”… Continue reading Xiaomi bets big on its new electric vehicle — targets 20 million premium users
Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta’s AI
Honor demonstrated how its smartphone eye-tracking technology could be used to control a car. Honor BARCELONA — Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes. The company’s Magic 6 Pro device launched internationally on Sunday at the Mobile World Congress in Barcelona,… Continue reading Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta’s AI
Ford, Disney, Costco and more — Jim Cramer provides his updated views on each
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the… Continue reading Ford, Disney, Costco and more — Jim Cramer provides his updated views on each
Carvana stock surges on first annual profit, pair of analyst upgrades
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Carvana shares surged 30% Friday after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts. The used-car retailer has been trimming inventory and expenses as it rebounds from… Continue reading Carvana stock surges on first annual profit, pair of analyst upgrades
Rivian and Lucid shares plunge after weak EV earnings reports
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian… Continue reading Rivian and Lucid shares plunge after weak EV earnings reports
Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks in… Continue reading Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Tesla faces hurdle in Germany as locals vote to oppose factory expansion
Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023. Patrick Pleuil | Picture Alliance | Getty Images Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company’s battery and car assembly… Continue reading Tesla faces hurdle in Germany as locals vote to oppose factory expansion