Tag: Autos
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Shares of BYD and Xiaomi surge as June delivery figures fuel optimism
Hong Kong-listed shares of Chinese electric vehicle makers surged, after companies posted June vehicle data that helped to buoy investor sentiment.
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GM reports 4.2% decline in Q2 U.S. sales as EV demand falls
General Motors’ second-quarter U.S. sales fell 4.2% as year-over-year demand for its all-electric vehicles and Chevrolet Silverado pickup trucks declined.
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U.S. auto industry faces more uncertainty without extension of USMCA trade deal
A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.
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Lamborghini reveals new Urus performance hybrid SUV after ditching EVs
Lamborghini is calling the new Urus SE Performante the “fastest Super SUV in the world.”
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Waymo and Uber end robotaxi pilot in Phoenix
The Waymo self-driving cars deployed in Phoenix for the Uber pilot will remain in use and make autonomous deliveries with DoorDash.
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A ‘perfect storm’ points to a much smaller U.S. auto market by 2040
The auto industry is selling fewer cars–one forecaster says this is a fundamental change, and it is going to get worse.
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Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
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GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM’s sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
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Second worker dies at BYD’s Hungary factory already under scrutiny for labor practices
A second worker died at the construction site of BYD’s electric vehicle factory in Hungary, CNBC has learned.
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Toyota is gaining on General Motors in U.S. sales, according to new forecast
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
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