Autos
South Korean trucker strike plans to block shipments of materials for semiconductors
A general view of the Busan Port on November 05, 2021 in Busan, South Korea. South Korean truckers embarked on broader and more aggressive strike action on Friday, threatening to severely curtail shipments of raw materials for semiconductors and petrochemical products. Chung Sung-jun | Getty Images News | Getty Images South Korean truckers embarked on […]
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Tesla cancels three June online hiring events for China
In this April 2022 photo, a Tesla store is seen in Changzhou, China. The country made more than half of the vehicles for the automaker globally and contributed a quarter of its revenue in 2021. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Tesla has canceled three online recruitment events for China scheduled […]
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It’s not Apple or Tesla, but Inrix has data from 500 million vehicles taking transportation into the future
Cars and trucks move along the Cross Bronx Expressway, a notorious stretch of highway in New York City that is often choked with traffic and contributes to pollution and poor air quality on November 16, 2021 in New York City. Spencer Platt | Getty Images In this weekly series, CNBC takes a look at companies […]
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GM and Lockheed are taking their lunar rover project to the commercial space market
MILFORD, Mich. — General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s electric vehicle battery technology. The companies said they plan to test the batteries in space later this year, with the goal of having their first vehicle […]
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Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters Production at Tesla’s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China’s zero-Covid lockdowns caused deeper disruptions to […]
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Nio reports wider first-quarter loss as Covid shutdowns in China hamper deliveries
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers from Nio’s […]
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Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin | AFP | Getty Images European lawmakers have voted to ban the sale of new diesel and gasoline cars and vans in […]
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UBS upgrades Tesla to buy, sees more than 50% upside for electric vehicle stock
After a major pullback in Tesla ‘s share price this year, UBS says the stock looks attractive and that the electric vehicle maker’s future looks brighter than ever. UBS said it was “time to be bold” and upgraded Tesla to buy from neutral. The firm reiterated its $1,100 price target on the stock, which implies […]
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JPMorgan names its winning and losing global stocks for the rest of the year
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well — or badly — when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that […]
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Volkswagen is ‘actively’ looking to build new electric vehicle and battery facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday. Keogh declined to discuss potential locations for such operations. The […]
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