Electric vehicles
GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending
Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas. Courtesy image DETROIT — General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key […]
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China begins anti-dumping probe into Canadian rapeseed
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on Chinese-made electric vehicles and other products come into force. […]
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China hits Canada with anti-dumping probe on canola imports, Ottawa deeply concerned
Cooking oils made from canola from Canada are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China said on Tuesday it planned to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canadian Farm Minister Lawrence […]
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How China became the leading car supplier to Mexico and what it means for the U.S.
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a “backdoor” to the U.S. market. Last year, China was the leading car supplier to Mexico, […]
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CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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How EVs and gasoline cars compare on total cost — where you live can make a huge difference
Key Points Electric vehicles generally cost more upfront than gasoline-powered cars. But EVs may cost less over their lifetimes relative to traditional cars due largely to lower prices for refueling and maintenance. Which is cheaper over the long term depends on geography and other factors. Source
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GMC expects to outsell its electric truck competitors as it launches new Sierra pickup
2024 Sierra EV Denali Edition 1 Source: General Motors MILFORD, Mich. — General Motors’ premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC’s electric “truck” […]
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Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House. Trump told Reuters in an […]
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Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But its desires to be known as a sustainability destination are less apparent. Monaco’s “Green is the New Glam” campaign, launched in 2018, highlighted many of […]
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We drove Chinese EVs to see why rival automakers are worried
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and […]
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