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Inside Redwood Materials, Former Tesla CTO's Effort to Recycle Batteries for Rare Components
CNBC got an inside look at former Tesla CTO JB Straubel’s lithium-ion battery recycling start-up.
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GM Cutting Overtime Shifts at Two U.S. Truck Plants Due to Chip Shortage
The plants in Michigan and Indiana produce GM’s full-size pickups, including light-duty Chevrolet Silverado and GMC Sierra models.
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Warren Buffett-Backed Electric Automaker Hit by Rising Battery Costs, Analysts Trim Price Targets
Credit Suisse analysts said disappointing guidance was partly the result of rising prices for battery raw materials.
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Chip Shortage Causes More Disruptions in Auto Production, But Trader Has a Hedge Play
With a semis shortage continuing to hit automakers, two traders talk the futures for the companies.
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Chinese Tesla Rival Xpeng Motors Gets $76 Million Investment From Government
Since its $1.5 billion U.S. initial public offering last year, Xpeng Motors has raised money to fuel growth and battle against domestic rivals as well as Tesla.
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The U.S. Is Facing a Lithium-Ion Battery Shortage as Electric Vehicle Production Ramps Up
U.S. automakers are finally making big commitments to go electric, but in the short term, there may not be enough lithium-ion batteries to go around.
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Rolls-Royce Hits New Sales Record in the First Quarter as the Wealthy Demand Luxury Cars
The luxury auto company delivered 1,380 cars in the first quarter, up 62% from the same time last year as the pandemic started hurting sales and manufacturing.
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GM and Ford Cutting Production at Several North American Plants Due to Chip Shortage
For months, GM has been prioritizing manufacturing its most profitable vehicles, such as full-size pickups, by cutting production of cars and crossovers.
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New Airline Avelo Thinks It's the Perfect Time to Start Flying as Travel Picks Up
Avelo is a low-cost carrier that will start flying in late April to 11 markets in the Western U.S. — where there is little, if any, direct competition.
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AB InBev, Werner Enterprises to Test Embark Driverless Truck Technology
AB InBev, Werner Enterprises to test Embark driverless truck technology
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Tesla Refunds Customers for Duplicate Charges After Outcry
Tesla customers who were double-billed for their new cars said they appreciate the refund and apology, but some said it was too little, too late.
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How Mercedes-Benz Became So Prestigious, and Why It Is Challenged by a New Era
Mercedes-Benz was there at the dawn of the automotive industry and has long been a leader. But some say it has been slow to adapt to a new electric era.
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Warren Buffett-Backed Automaker Sells More Electric Cars in March Than Nio and Xpeng Delivered
BYD disclosed Tuesday that its of battery-powered passenger cars totaled 16,301 units last month.
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Chinese Electric Car Start-Ups Nio and Xpeng Defy First Quarter Weakness With March Surprise
Two of China’s U.S.-listed electric car start-ups beat market expectations in their March deliveries, with both companies setting quarterly records.
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GM Shares Hit New Record on Plans for Electric Chevy Silverado Pickup
GM’s stock was up as much as 3.9% on Tuesday and has risen by about 50% so far this year.
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GM Confirms Electric Chevrolet Silverado Pickup to Follow Hummer EV
The new Chevy Silverado EV is part of a $2.2 billion investment in a Detroit plant to produce an array of vehicles beginning later this year with a Hummer EV.
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‘Beat the S&P Handily' by Owning Equal Portions of Cyclicals and Growth, Top Strategist Art Hogan Says
National Securities’ Art Hogan recommends rebalancing portfolios every two months.
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Tesla Shares Jump as Much as 7% After First-Quarter Sales Surge
Tesla first quarter was record-beating, topping the 180,570 deliveries the company recorded in the fourth quarter of last year.
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Tim Cook Drops Some Hints on Apple's Car Plans, Shares What He Thinks of Elon Musk and Tesla
Apple has long been expected to get into the auto business with its own vehicle.
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GM Unveils Electric Hummer SUV Topping $110,000
The 2024 GMC Hummer EV SUV debuted during an ad narrated by NBA star LeBron James that aired during the NCAA’s Final Four.