Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047

India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the … Read more

Tesla and other EV makers like Volvo are betting big on gigacasting

In the race to make EVs cheaper and more profitable, companies are pulling just about every lever they can. But while improving battery technology often hogs the spotlight, automakers are investing heavily into changing how the rest of the car is made. One such method is megacasting, or gigacasting, as Tesla calls it. Gigacasting is … Read more

Modi in Moscow. What’s new?

Russia’s President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. (Photo by Gavriil GRIGOROV / Sputnik POOL / AFP) (Photo by GAVRIIL GRIGOROV/POOL/AFP via Getty Images) Gavriil Grigorov | Afp | Getty Images This report is from … Read more

U.S. auto sales are expected to slow during the second half of 2024

Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada.  Scott Olson | Getty Images DETROIT – U.S. auto sales through … Read more

Nvidia is little known despite topping $3 trillion in market cap

Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more

Jeep plug-in hybrid SUV sales expected to grow by 40% in 2024

A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 5, 2023. Stephanie Keith | Bloomberg | Getty Images NEW YORK – Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as … Read more

China’s capital city Beijing opens a robotaxi route to a train station

Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. CNBC | Evelyn Cheng BEIJING — In three years, China’s capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center. This month, the city began allowing … Read more

Mercedes-Benz workers in Alabama vote against union

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The … Read more

Earnings from Disney, Uber and Warner Bros.

CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more

New off-road SUV will include a hybrid engine

2025 Toyota 4Runner TRD Pro Toyota Toyota Motor revealed a new 4Runner SUV for the first time in nearly 25 years — completing a recent redesign of the automaker’s current trucks and SUVs. Aside from its new looks, which are similar to the recently redesigned Toyota Tacoma pickup, the 2025 4Runner will be offered with … Read more