Employees of German car maker Volkswagen (VW) protest at the start of a company’s general meeting in Wolfsburg, northern Germany, on September 4, 2024. Moritz Frankenberg | Afp | Getty Images Management at German automotive giant Volkswagen is set to go toe-to-toe with workers on Wednesday, as senior business leaders prepare to present details about … Read more
Jaque Silva | SOPA Images | Lightrocket | Getty Images Starlink, the satellite internet service owned and operated by SpaceX, said it will block the social network X in Brazil to continue operations there without the threat of losing its license. Elon Musk owns both businesses. Brazil’s supreme court blocked X in the country after … Read more
The white and blue VW logo stands on the roof of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its … Read more
A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Michael Wayland / CNBC DETROIT – Spaceship. Dream car. UFO. Dumpster. Cool. Stupid. Phenomenal. Abomination. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. They were expressed by strangers, … Read more
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Jaap Arriens | Nurphoto | Getty Images A panel of Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. One justice, Luiz Fux, voted to uphold but expressed “reservations” about a measure of the order that allows the court to fine individuals or businesses … Read more
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter … Read more
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of … Read more
Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y. Zeekr Electric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400. The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese … Read more
TOPSHOT – The photo taken on August 1, 2024 shows a general view of the driver’s seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu’s Apollo Go self-driving project, in Wuhan, in central China’s Hubei province. Turning heads as they cruise past office buildings and malls, driverless taxis … Read more
