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

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

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.

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

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

Toyota Kirloskar to step up play in smaller towns

Toyota Kirloskar to step up play in smaller towns

Toyota Motor Corp’s Indian subsidiary is embarking on the most aggressive sales expansion plan in its more than 25-year-old presence in the country. This will see the maker of Fortuner and Innova Hycross models establish a footprint in India’s smaller cities with select re-badged versions of comparatively affordable car models from Maruti Suzuki (India) as … Read more

Poor resale values of EVs are a problem for the industry, warn experts

Poor resale values of EVs are a problem for the industry, warn experts

Drivers charge their Teslas in Fountain Valley, California, on March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images A car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That’s becoming a major barrier to wider adoption, according to some … Read more

Why hybrid sales surge as EV sales flatten

Why hybrid sales surge as EV sales flatten

After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. EV sales have slowed in the U.S., according to car website and data tracker Edmunds, with the time it takes for … Read more

China’s BYD to launch first electric pickup truck this year

China’s BYD to launch first electric pickup truck this year

BYD teased its upcoming electric pickup truck which the Chinese auto giant said it would launch in 2024. BYD BYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla. The midsize-to-large pickup truck has been developed for the global … Read more

GM first-quarter U.S. vehicle sales fall 1.5%

GM first-quarter U.S. vehicle sales fall 1.5%

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

Toyota weighing electric, plug-in Tacoma and Tundra pickups

Toyota weighing electric, plug-in Tacoma and Tundra pickups

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