GM trims 2024 EV forecast amid slower-than-expected demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors is trimming its expected…
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Another huge GM buyback makes it plain to see that Ford must follow suit
General Motors approved yet another stock buyback — adding to our frustration that portfolio name Ford has yet to embark on a repurchase program of its own. GM on Tuesday…
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GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase…
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UAW President Shawn Fain under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building…
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Shares of Toyota, Mazda, Honda, Suzuki fall after safety scandal
Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three…
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Honda may be America’s most committed EV automaker, for the moment
The All-New, All-Electric Honda Prologue is on display at the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. While…
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Meta AI Chief Yann LeCun slams Musk over ‘blatantly false’ promises
Meta‘s chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO’s treatment of scientists and news organizations, and for…
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Ford U.S. May sales rise thanks to EVs, hybrids
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor’s U.S. new vehicle sales rose 11.2%…
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GM EVs at Costco Auto help drive electric vehicle sales
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it…
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Chinese electric car company Nio to enter UAE Middle East this year
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans…
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Rivian R1 pickup and SUV redesigned with Nvidia chips
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. While the…
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EV slump, Hertz fire sale take used Tesla to no haggle $25,000 price
The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been…
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Privacy advocates say automakers are spying on drivers
Today’s cars have an unprecedented capacity to surveil people inside and around them, and it’s raising alarms with privacy advocates. A growing chorus of advocates and politicians say automakers aren’t…
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F1 new regulations suggest car makers not done with ICE engine
Lewis Hamilton of the UK is driving the (44) Mercedes-AMG Petronas F1 Team F1 W15 E Performance Mercedes during the Formula 1 Grand Prix De Monaco in Montecarlo, Monaco, on…
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Why Jim Cramer says Ford must be ‘bought aggressively’ on the dip
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. The S & P 500…
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New York City’s first-in-the-nation congestion pricing shelved indefinitely
Congestion Pricing Toll Readers are seen here installed on Third Ave. looking North at E. 60th St. Wednesday, Oct. 4, 2023 in Manhattan. (Photo by Barry Williams for NY Daily…
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Don’t sell Tesla, but stay away from this biotech stock
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Tesla : Shares were slightly lower Tuesday. CNBC reported earlier in the day…
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EV concerns overshadow strong Ford sales. Cramer says the stock is down enough
Ford had another month of strong sales, but a wider appeal on Wall Street for the stock depends on cutting the automaker’s massive EV division losses. Ford said Tuesday it…
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Elon Musk told Nvidia to ship AI chips reserved for Tesla to X, xAI
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024. David Swanson | Reuters…
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Politics playing a role in EV adoption: Michigan Gov. Whitmer
The future of the electric vehicle is a critical issue for the U.S. auto industry and its home base of Detroit, Michigan. It’s also increasingly becoming a political issue, according…
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