Tag: Autos
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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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Why some of America’s biggest brands are losing ground in China
Nike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.
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Hyundai considering U.S. production increase at new Georgia plant, CEO tells CNBC
The potential capacity increase would be part of Hyundai’s plan to invest $26 billion in the U.S. through 2028, Hyundai CEO José Muñoz told CNBC.
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Hyundai’s new flagship vehicle is a large luxury Genesis EV
The GV90 features a new design direction for Genesis and expands the Hyundai brand’s lineup to seven vehicles in the U.S.
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