Autos
Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government […]
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China auto market price war stokes fears of industry shake-out
FILE PHOTO: A visitor stands next to a BYD Sealion 7 EV car at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. Athit Perawongmetha | Reuters An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market. Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a […]
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Tesla’s Europe sales plunge 49% on brand damage, rising competition
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC European sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition. Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association (ACEA). That drop […]
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CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in […]
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CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in common. But they are, […]
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Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last […]
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BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last […]
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South Korea vows support for biopharmaceutical, auto sectors over US tariffs
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by […]
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Waymo says it reached 10 million robotaxi trips, doubling in five months
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Waymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned ride-hailing company has reached 10 million trips, doubling in the […]
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Cadillac’s EVs are attracting new buyers, including more customers trading in Teslas
A Cadillac all-electric 2025 Escalade IQ luxury SUV is displayed during press day of the North American International Auto Show in Detroit, Michigan, September 14, 2023. Rebecca Cook | Reuters DETROIT — Cadillac’s expanding all-electric vehicle lineup is attracting a notable number of new buyers to the American luxury brand, including an increase this year […]
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