U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on the “Annual Report of the Financial Stability Oversight Council” on Capitol Hill in Washington, U.S., February 6, 2024. Amanda Andrade-rhoades | Reuters Treasury Secretary Janet Yellen on Wednesday lauded President Joe Biden’s investment in electric vehicles for accelerating the sector, even … Read more
Tesla CEO Elon Musk carries on his shoulders his son X Æ A-XII as he addresses employess during a visit at the company’s electric car plant in Gruenheide near Berlin. Odd Andersen | Afp | Getty Images Elon Musk on Wednesday visited the Tesla Gigafactory near Berlin, which was forced to halt production last week … Read more
Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more
Philippine Department of Trade and Industry Secretary Alfredo Pascual (R) and US Commerce Secretary Gina Raimondo attend a press conference in the Philippines on March 11, 2024. Jam Sta Rosa | Afp | Getty Images Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, … Read more
General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing … 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 announced Tuesday it would formally launch its long-awaited electric car on March 28. The company claimed in a social media post … Read more
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury … Read more
A view of the vehicles parked on the street in Paris, France on Nov. 22, 2023. Anadolu | Anadolu | Getty Images Parisians have voted to hike parking fees on large SUVs — and it’s not the only European city to set its sights on heavier, more polluting cars. At a referendum in Paris last … Read more
Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up images of an elegant convertible from the 1930s, or maybe a souped-up muscle car. But time moves on. A new crop of all-electric vehicles and … Read more
Former President Donald Trump and his allies on the Republican National Committee want to convince Tesla and SpaceX CEO Elon Musk to speak at the GOP convention in July, people familiar with the matter told CNBC. Republican leaders believe that giving Musk a speaking slot at the convention could lead to some of his fans … Read more
