News

Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by

2:27 PM ET Mercedes must juggle performance and reliability for the rest of the season because any retirement would be “catastrophic” for their Formula One title hopes, chief strategist James Vowles said on Thursday. He added, however, that he was confident recent engine changes, with penalties, for both seven-time world champion Lewis Hamilton and teammate

In this article CAR A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Car rental stock Avis Budget surged Tuesday after the company reported a stronger-than-expected third quarter that sparked massive trading

3:53 PM ET Every Formula One grand prix promoter wants to hold a sprint race but only six are likely next season after the experiment of three this year, F1’s motorsport head Ross Brawn said on Monday. Next year’s F1 calendar is due to feature a record 23 rounds. Britain’s Silverstone, Italy’s Monza and Brazil’s

In this article HTZZ TSLA Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet

In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on

9:47 PM ET Associated Press LAS VEGAS — Steve Torrence raced to his 10th Top Fuel victory of the season and 50th overall Sunday at the Dodge//SRT NHRA Nationals to move closer to his fourth straight championship. Torrence beat Mike Silinas in the final with a 3.717-second run at 329.50 mph at The Strip at

In this article 9868-HK Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC GUANGZHOU, China — Xpeng Inc. said it delivered more than 10,000 cars in October, sending its Hong Kong shares

The underbody of an ID.3 electric vehicle is assembled at a Volkswagen facility in Dresden, Germany, on January 29, 2021. Matthias Rietschel | picture alliance | Getty Images LONDON — The global chip shortage is continuing to wreak havoc on the automotive sector, with several of the world’s biggest carmakers blaming the crisis for disappointing

9:39 PM ET Associated Press LAS VEGAS — Alexis DeJoria topped Funny Car qualifying for second straight event Saturday in the Dodge/SRT NHRA Nationals at The Strip at Las Vegas Motor Speedway. DeJoria took the No. 1 with her Friday pass of 3.896 seconds at 327.03 mph in a Toyota Camry. She’ll try for her

In this article DAI-DE VOW3-DE TSLA A Volkswagen ID.4 on display at a press event in Germany on October 26, 2020. Peter Steffen | picture alliance | Getty Images The CEO of Volkswagen Group has praised Elon Musk’s Tesla and welcomed the fact there will be competition between the two firms going forward.   Earlier

In this article GM Chevrolet Corvette Z06 team members from left to right: Aaron Link, lead development engineer; Dustin Gardner, assistant chief engineer, small block; Harlan Charles, product marketing manager; Josh Holder, chief engineer; Tadge Juechter, executive Chief engineer; Kirk Bennion, exterior design manager. Michael Wayland / CNBC DETROIT – General Motors’ new 2023 Chevrolet

8:56 PM ET Associated Press LAS VEGAS — Brittany Force put herself in position for her 12th No. 1 qualifier of the season Friday in the Dodge//SRT NHRA Nationals at The Strip at Las Vegas Motor Speedway. Force had a 3.693-second run at 333.41 mph to close out the Top Fuel qualifying session. “That was

In this article TSLA Energy Secretary Jennifer Granholm on Friday defended the Biden administration’s proposal to give tax credits for electric vehicles made by unionized automakers, a move that excludes non-union Tesla. “This president is very, very favorable toward organized labor, because organized labor has raised the standard of living of so many Americans and

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon Amazon on Friday announced a sizable stake in Rivian Automotive, a start-up developing electric vehicles, including the retail giant’s commercial delivery vans. As of Sept. 30, 2021, Amazon held equity investments, “including preferred stock of Rivian

People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Shares of electric vehicle start-up Lucid Group surged by as much as 47% during trading Thursday, a day after the company confirmed the first customer deliveries of

In this article GM F The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT – Both Ford Motor and General Motors beat Wall Street’s expectations for the third quarter but shares of GM are flat as Ford’s stock surged to a new 52-week high

7:50 PM ET Associated Press KERRVILLE, Texas — A third person injured when a drag racer veered into a crowd and crashed during a racing event in Central Texas has died, police said Wednesday. Rebecca Cedillo, 46, of Converse, a San Antonio suburb, died at University Hospital in San Antonio, Kerrville police Sgt. Jonathan Lamb

2022 Ford Maverick Ford DETROIT – Ford Motor will reinstate its regular dividend starting in the fourth quarter, more than a year and a half after suspending the payments during the early days of the coronavirus pandemic. The fourth-quarter dividend of 10 cents per share on outstanding common and Class B stock will be paid

In this article GM DETROIT – General Motors can “absolutely” catch Tesla in U.S. sales of electric vehicle by 2025, CEO and Chair Mary Barra told CNBC on Wednesday. Barra said an influx of new products, including the soon-to-be-released GMC Hummer pickup and Cadillac Lyriq as well as an upcoming Chevrolet crossover, will help the

The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT – Both General Motors and Ford Motor are expected to report relatively solid third-quarter earnings Wednesday despite an ongoing global disruption of supply chains, including a shortage of semiconductor chips that have depleted vehicle inventories

2023 Chevrolet Corvette Z06 GM DETROIT – General Motors on Tuesday unveiled a new high-performance Z06 version of its famed American sports car that brings it back to its roots. The 2023 Chevrolet Corvette Z06 – an important track-focused model – will be powered by a new 5.5-liter V-8 naturally aspirated engine with 670 horsepower

In this article TSLA Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla’s sales in China are now nearly half the size of what the automaker sells in the United States. Elon Musk’s electric car company reported

In this article TSLA HTZZ Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla shares soared as high as 7% Monday

In this article 9868-HK HT Aero, an affiliate of Chinese electric carmaker Xpeng Inc., launched a new vehicle capable of flying in the air and driving on roads. The launch of HT Aero’s 6th–generation model happened at the Xpeng Tech Day on Sunday, October 24, 2021. Xpeng GUANGZHOU, China — HT Aero, an affiliate of

10:34 AM ET Associated Press KERRVILLE, Texas — A driver lost control during a Texas drag racing event on an airport runway and slammed into a crowd of spectators, killing two children and injuring eight other people, authorities said. A 6-year-old boy and an 8-year-old boy were killed in the crash Saturday afternoon at an

In this article 9868-HK A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — Chinese electric car start-up Xpeng released updates for its semi-autonomous driving system

UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – The United Auto Workers is telling its more than 400,000 members to urge

In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. Here are the results. Earnings per share

In this article TSLA The former president of electric vehicle giant Tesla said Thursday he would not bet against the company, noting that it’s emerging as a “formidable competitor” to automakers around the world after the company beat third-quarter earnings expectations. Currently not a Tesla investor, Jon McNeill told CNBC’s “Squawk Box” the stock is