Tag: Autos
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Used cars under $20,000 tend to sell quickly — but there are tradeoffs for buyers
The share of used cars listed at under $20,000 has dropped from pre-pandemic levels against a backdrop of high inflation.
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OpenAI to end model access to Cursor after acquisition by Elon Musk’s SpaceX
OpenAI plans to end model access through Cursor on Nov. 12, citing concerns after SpaceX’s $60 billion acquisition of the coding startup.
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Goodyear burning rubber and cash as turnaround plan continues
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
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Hyundai has grown more than any automaker in the U.S. — and it’s not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
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SpaceX plans to build a $100 billion spaceport in Louisiana
SpaceX plans will establish its Starbase LA in Vermillion Parish in order to “support thousands of launches annually.”
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Bugatti CEO Mate Rimac says the future of supercars is old-school combustion engines
Bugatti CEO Mate Rimac told CNBC he thinks high-end sports cars will continue to have combustion engines “for a very long time” even with the rise of EVs.
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BlackBerry CEO says robotics is one of its fastest-growing businesses
BlackBerry CEO John Giamatteo says robotics is one of QNX’s fastest-growing businesses as the company expands its software beyond cars.
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Porsche inks $1.5 billion deal for AI deployment with India’s largest IT services firm Tata Consultancy
Indian IT services giant TCS has secured a $1.5 billion contract to deploy AI for German sports carmaker Porsche.
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Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027
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Tesla recalls 3 million vehicles in China over doorhandle safety, driver monitoring
Tesla will voluntarily recall about 3 million of its vehicles in China to address doorhandle safety concerns and deficient driver monitoring systems.
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