Mercedes-Benz electric EQS SUV Mercedes-Benz Mercedes-Benz on Tuesday took the wraps off its new EQS SUV, its first fully electric SUV built domestically for the U.S. market. The vehicle is the siblin...
Tag: Autos
Rivian CEO on growth, Amazon vans, SPAC bubble and lower-priced EVs
Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker̵...
Tesla Could Reopen Its Shanghai Factory Next Week: Report
Text size An aerial view of Tesla’s Shanghai factory, which closed in late March due to rising cases. Xiaolu Chu/Getty Images Tesla might be reopening its most productive facility earlier than i...
How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes ...
China’s 2022 Covid lockdowns inflation risk bigger vs 2020
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group |...
Warren Buffett Says He Is in Great Health With No Plans to Step Down as CEO
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Warren Buffett says he is in excellent health and has no plans to step down as CEO of Berkshire Hathaway as he eagerly anticipate...
Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Im...
Lamborghini customers waiting more than 12 months for a car, CEO says
The wait time for a new Lamborghini SUV or super-car is now over 12 months, as demand from wealthy car lovers shows little sign of slowing, the automaker’s chief executive told CNBC on Wednesday...
Kia unveils redesigned Niro EV and updated Telluride SUV
Kia on Wednesday unveiled its new lineup of Niro hybrid and EV crossovers as well as updates to its extremely popular Telluride SUV. Both nameplates are important to the automaker in different ways. T...
A Lesson About Wealth From Elon Musk, the World’s Richest Human
Text size Tesla CEO Elon Musk, who is the world’s richest human. Patrick Pleul/POOL/AFP via Getty Images Elon Musk is worth a cool $274 billion. Now, a former auto analyst-turned-market research...
Japanese car giant Honda targets EV expansion, earmarks billions for R&D
With several major economies looking to cut the number of diesel and gasoline vehicles on their roads, Honda and other carmakers are attempting to develop electrification strategies that will allow th...
CarMax’s Awful Earnings Send a Warning to All Car Stocks. Here’s What to Know.
Text size Cars sitting in the parking lot are reflected in the windows of used car retailer CarMax. Yana Paskova/Getty Images Used car giant CarMax delivered an earning miss that has sent the stock lo...
Lucid Air Grand Touring Performance debuts with 1,050 horsepower, 446-mile range
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Electric vehicle maker Lucid is debuting a new edit...
Jaguar Land Rover and Hitachi are backing this unique battery recycler
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market ...
Chinese electric car company Nio hikes prices, suspends production
Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories. Long Wei | Visual China Group | Getty Images BEIJ...
Jeep says its new electric Wrangler SUV concept is as fast as a Tesla
Electric Jeep Wrangler Magneto 2.0 concept vehicle Jeep DETROIT — Jeep has redesigned an all-electric concept version of its flagship Wrangler, as the brand pivots from gas guzzlers to zero-emissions ...
GM trolls Tesla, changes approach with new ‘supertruck’
GMC Hummer EV Edition 1 Michael Wayland / CNBC PHOENIX – The new electric GMC Hummer pickup is different for General Motors and not just because it isn’t a gas-guzzler like its ancestors. It mar...
Demand drops for used cars but high prices aren’t budging
David Paul Morris | Bloomberg | Getty Images Used-car prices appear to be stuck in high gear, despite slowing consumer demand. Last month, sales of used cars less than 10 years old were down 27% compa...
EV Battery Firm QuantumScape Stock Is Rising
Text size Car batteries at a factory. STR/AFP via Getty Images Electric-vehicle battery technology company QuantumScape picked up a new rating. It’s lukewarm, but the stock is rising Wednesday. Deutsc...