A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of electric vehicle makers and Tesla‘s Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit… Continue reading Shares of Tesla suppliers in Asia take a beating after automaker misses targets
Author: CNBC Online news
United Auto Workers union endorses President Joe Biden for reelection over Trump
President Joe Biden celebrates with United Auto Workers President Shawn Fain after Fain and the UAW endorsed Biden for president at a Community Action Program legislative conference in Washington, Jan. 24, 2024. Leah Millis | Reuters The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced… Continue reading United Auto Workers union endorses President Joe Biden for reelection over Trump
Tesla misses fourth-quarter estimates on weak auto revenue, warns of lower volume growth in 2024
Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty Images Tesla reported revenue and profit for the fourth quarter that missed analysts’ estimates as automotive revenue increased… Continue reading Tesla misses fourth-quarter estimates on weak auto revenue, warns of lower volume growth in 2024
China’s EV players ramp up competition with Tesla using new tech
The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell… Continue reading China’s EV players ramp up competition with Tesla using new tech
Amazon wants to shape the future of car-buying. Dealers are skeptical
The total addressable market for new and used car sales in the U.S. is estimated to be somewhere between $2.5 trillion and $3 trillion, according to the National Automobile Dealers Association. And e-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping… Continue reading Amazon wants to shape the future of car-buying. Dealers are skeptical
GM unveils 2025 Chevy Equinox with new rugged design, standard heated seats
The 2025 Chevrolet Equinox RS. Chevrolet DETROIT — General Motors is redesigning its gas-powered Chevrolet Equinox crossover to look more rugged than its predecessors in an attempt to move the vehicle upmarket and attract new buyers. The 2025 Equinox, which GM revealed Tuesday, will feature additional standard safety and convenience features. Brad Franz, director of… Continue reading GM unveils 2025 Chevy Equinox with new rugged design, standard heated seats
Why China poses a growing threat to the U.S. auto industry
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 DETROIT — Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S.… Continue reading Why China poses a growing threat to the U.S. auto industry
Here’s what I’m watching to see where the market goes next after the S&P 500 record close
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report… Continue reading Here’s what I’m watching to see where the market goes next after the S&P 500 record close
Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the… Continue reading Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability
Ford ‘s plans to reduce production of its all-electric pickup and increase production on popular legacy vehicles will allow the automaker to secure better profits and narrow EV losses. Ford announced Friday it’s reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the… Continue reading Ford’s move to cut F-150 Lightning production will help the automaker optimize profitability