The 2024 Buick Envista. GM DETROIT – General Motors on Tuesday reported a 1.5% decline in first quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of … Read more
BurnBot RX burns unwanted vegetation without emitting plumes of smoke. Lora Kolodny for CNBC Last year’s record heat wave worsened drought and dry conditions across the globe, a particularly calamitous situation for California, which has seen 13 of the state’s 20 most destructive wildfires in history break out since 2017. In South San Francisco, a … Read more
Tesla’s new Model 3 sedans wait to be shipped aboard at Shanghai Haitong International Automotive Terminal in Shanghai, China, on March 14, 2024. VCG | Getty Images Tesla just published its first-quarter vehicle production and deliveries report for 2024. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Shares dropped 7% in premarket trading. … Read more
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province. Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its … Read more
Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. With its fleet of over 670 vessels, Maersk, one of the world’s largest … Read more
New cars today are loaded with high-tech features for car shoppers, from their own operating systems to navigation and remote unlock. But with those advancements come questions about driver privacy, said Ivan Drury, the director of insights at Edmunds, a car site. “As much advancement as we have when it comes to new features, many … Read more
A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024. Florence Lo | Reuters It was a brutal first quarter for Tesla investors. Shares of the electric vehicle maker plunged 29% in the first three months of the year, the worst quarter for the stock … Read more
2024 Toyota Tacoma Trailhunter Toyota NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, said the Japanese automaker is assessing its options to determine what … Read more
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in … Read more
U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global … Read more
