We maintain our buy on Ford shares after a bullish Street initiation
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 Thursday’s key moments. U.S. stocks were mixed on…
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Rollback in IRA’s EV credits would benefit China, says GM board member
Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to General Motors board member Jon McNeill. “I think we risk…
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GM Chevy Equinox EV goes on sale
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been…
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Peugeot pilots Vay’s remote-driving tech to power delivery
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. Arnaud Finistre | AFP via Getty Images PARIS, France — French car…
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Chinese EV company Xpeng shares surge after forecasting delivery growth
The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng saw its shares…
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Tesla Fremont factory suffers another fire, investigation underway
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images A fire broke out at Tesla‘s vehicle assembly plant in…
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How Toyota Tacoma took on Ford F-150 and U.S. truck market
The American pickup truck market is dominated by domestic brands, primarily Ford, Chevrolet, GMC and Ram. U.S. brands benefit from a loyal buyer base, and a 25% tax on imported…
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Mercedes-Benz workers in Alabama vote against union
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg…
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Dodge, Ram boss Tim Kuniskis to retire from Stellantis
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT…
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Private deals for mansions, art and cars on the rise
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to…
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World’s top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA event
Mugshot of PGA Golfer Scott Alexander Scheffler, arrested for assault on police after trying to enter PGA Championship venue. Source: Wave Scottie Scheffler, the top golfer in the world, was…
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As Tesla layoffs continue, here are 600 jobs cut in California
As part of Tesla’s massive restructuring, the electric vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and…
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Xpeng aims for flying car pre-orders this year with delivery in 2026
Xpeng’s “Land Aircraft Carrier” vehicle has a flying passenger drone hidden inside the truck. The drone can detach. XPENG AEROHT Xpeng AeroHT, an affilaite of Xpeng, aims to deliver its…
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Despite auto incentives, high interest rates weaken deals for buyers
Simonskafar | E+ | Getty Images Incentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. “Pre-pandemic, people would see a…
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Biden EV tariffs may not be enough to stave off growing threat
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington,…
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Nio’s Onvo brand undercuts Tesla Model Y
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng SHANGHAI — Chinese electric car company Nio revealed…
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Baidu’s robotaxi unit expects to turn profitable next year
A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. Jade Gao | Afp | Getty Images SHANGHAI — Chinese tech company Baidu said Wednesday…
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Tesla sued over air pollution from factory in Fremont, California
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Tesla is being sued by the nonprofit Environmental Democracy Project…
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Why the future is uncertain for Tesla’s Supercharging network
The future of Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of…
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Stellantis to export China-made EVs to Europe via Leapmotor deal
Stellantis CEO Carlos Tavares and Leapmotor founder and CEO Zhu Jiangming shake hands in relation to new partnerships between their companies. Stellantis Automaker Stellantis expects to quickly grow sales of…
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