Autos
![Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups](https://image.cnbcfm.com/api/v1/image/107395278-1712012782686-IMG_2975.jpg?v=1712013218&w=1920&h=1080)
Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. Its forecast-beating performance helped […]
Read MoreGM reveals new Chevy Corvette with 1,000-plus horsepower and record top speed
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — General Motors’ newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it’s not even close. The Detroit automaker said Thursday the 2025 Chevy Corvette ZR1 will be powered by a twin-turbocharged, 5.5-liter, V8 engine capable […]
Read More![Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings](https://image.cnbcfm.com/api/v1/image/107395222-1712008987234-IMG_2780.jpg?v=1717084559&w=1920&h=1080)
Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early […]
Read More![Jeep, Dodge-maker Stellantis reports 48% drop in first-half net profit on weak U.S. sales Jeep, Dodge-maker Stellantis reports 48% drop in first-half net profit on weak U.S. sales](https://image.cnbcfm.com/api/v1/image/108011573-1721888818061-gettyimages-1715480889-jr027802_gkjwhpfd.jpeg?v=1721888855&w=1920&h=1080)
Jeep, Dodge-maker Stellantis reports 48% drop in first-half net profit on weak U.S. sales
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in North America. The company, […]
Read More![Ford Motor is about to report earnings. Here’s what to expect Ford Motor is about to report earnings. Here’s what to expect](https://image.cnbcfm.com/api/v1/image/107395230-1712009666429-IMG_2799.jpg?v=1717084559&w=1920&h=1080)
Ford Motor is about to report earnings. Here’s what to expect
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is set to report second-quarter earnings after the markets close Wednesday. The Detroit automaker’s results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong […]
Read More![Tesla shares fall 7% in premarket trading after earnings miss Tesla shares fall 7% in premarket trading after earnings miss](https://image.cnbcfm.com/api/v1/image/107363745-1706104978554-gettyimages-1852530283-161223_ama0961.jpeg?v=1721807948&w=1920&h=1080)
Tesla shares fall 7% in premarket trading after earnings miss
Elon Musk, CEO of Tesla. Antonio Masiello | Getty Images Tesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business. The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk’s electric vehicle firm […]
Read More![Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year](https://image.cnbcfm.com/api/v1/image/108010834-1721781076618-gettyimages-2150144366-CHINA_TESLA.jpeg?v=1721781255&w=1920&h=1080)
Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association. Bloomberg | Bloomberg | Getty Images BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced […]
Read More![Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans](https://image.cnbcfm.com/api/v1/image/108010844-1721786886855-gettyimages-2161887097-cfoto-21stchan240718_npau4.jpeg?v=1721786928&w=1920&h=1080)
Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans
Spectators are looking at BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla‘s earnings fell short of analysts’ […]
Read More![Elon Musk wants Tesla to invest billion into his newest startup, xAI — if shareholders approve Elon Musk wants Tesla to invest billion into his newest startup, xAI — if shareholders approve](https://image.cnbcfm.com/api/v1/image/107430897-1718806518278-gettyimages-2158243802-0d8a0169_skxhjdsb.jpeg?v=1718897570&w=1920&h=1080)
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X. Marc Piasecki | Getty Images Tesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5 billion into his newest startup, xAI. Specifically, […]
Read More![Tesla set to report second-quarter earnings after the bell Tuesday Tesla set to report second-quarter earnings after the bell Tuesday](https://image.cnbcfm.com/api/v1/image/107412297-17151922372024-05-07t012155z_1674076487_rc2cl7a7c12e_rtrmadp_0_milken-conference.jpeg?v=1715192263&w=1920&h=1080)
Tesla set to report second-quarter earnings after the bell Tuesday
Tesla is set to report second-quarter earnings after the bell on Tuesday. Here’s what Wall Street is expecting based on a survey of analysts by LSEG: Earnings per share: 62 cents expected Revenue: $24.77 billion expected After a rocky first half of the year, in which Tesla cut more than 10% of headcount and saw its first- […]
Read More