2022 GMC Sierra 1500 Denali Ultimate GM General Motors is slightly raising its 2021 earnings guidance on strong pricing and resilient consumer demand, despite ongoing impacts from a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants. The Detroit automaker’s new adjusted earnings guidance for this year is about $14 billion, up from an already raised …
Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China Group | Getty Images Amid ongoing port constraints and rising shipping costs, Tesla CEO Elon Musk urged employees Friday, in a company-wide email obtained by CNBC, to look for ways to reduce the cost of delivering electric vehicles to customers, …
BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business. The regulatory approval to support robotaxis in China comes as local governments in the U.S. have been progressing in a similar direction. However, Beijing city’s move carries …
A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China — China’s technology sector has taken a wild ride over the past year, with regulations tightened, billions of dollars wiped off companies’ market value, and a continuing push from Beijing for technological self-sufficiency. Those are among the important themes that will be addressed at CNBC’s …
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Xpeng plans to become a global automaker, with half of vehicle deliveries going to countries outside China, vice president and chairman Brian Gu said Wednesday. “As a company …
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images Tesla will spend over $1 billion on a new vehicle factory in Austin, Texas, and aims to complete construction of several major elements of the complex by Dec. 31, according to construction …
United Auto Workers members leave the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift, Monday, May 18, 2020, in Warren, Mich. Paul Sancya | AP DETROIT – The Detroit automakers are asking their roughly 153,000 plant employees represented by the United Auto Workers to voluntarily submit their Covid-19 vaccination status. The companies and union agreed to the …
The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Tesla has hired David Misler as a new managing counsel, according to his LinkedIn profile. Misler is a former trial attorney for the Securities and Exchange Commission and previously worked for the …
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla CEO Elon Musk is known for his spontaneous mass communication, from rants on Twitter to “everybody” e-mails he sends to all employees at his electric vehicle company. CNBC has …
RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor and Rivian no longer plan to co-develop an electric vehicle, the companies confirmed Friday. The two companies initially announced development of a joint vehicle when the automaker invested $500 million in Rivian …
