The electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. The electric vehicle manufacturer reported production of 9,029 units and deliveries of…
The Japanese automakers entering into a strategic partnership in August on shared automotive components and software. Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, the Nikkei newspaper reported on Tuesday. Honda and Nissan are considering operating under a holding company, and soon will…
Volkswagen, Mercedes-Benz Group and BMW have all issued profit warnings in recent months, citing economic weakness and sluggish demand in China. President-elect Donald Trump’s pledge to impose a blanket tariff on all goods coming into the U.S. could wreak havoc for European carmakers, with Germany’s crisis-stricken automotive sector thought to be particularly vulnerable. Speaking on the campaign trail in late September, Trump announced his…
The driverless ride-hailing service was supposed to be the shining star of GM’s growth opportunities, leading to $50 billion in revenue by the end of this decade. DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company…
His return comes roughly a week after Stellantis CEO Carlos Tavares unexpectedly resigned. DETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned. Kuniskis, who retired from the automaker in May, will once again lead the company’s Ram Trucks brand, according to two people familiar with the decision. The people, who agreed to…
The expansion signals Waymo’s growing confidence in operating its self-driving vehicles in harsher weather conditions in metropolitan areas in the U.S. Waymo is setting its sights on its next location: the Sunshine State. The Alphabet-owned company announced Thursday that it will be hitting the roads in Miami. Waymo said it will first begin cruising through the…
The fuel filler neck tube and fuel filler pipe may separate in affected vehicles, allowing fuel to leak, the National Highway Traffic Safety Administration said. Honda is recalling more than 205,000 SUVs due to a fuel leak issue, according to the National Highway Traffic Safety Administration. The NHTSA said in a recall notice on Thursday…
The Jeep maker said its process to appoint a new CEO is “well under way” and that it expects to conclude the search during the first half of next year. DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said…
Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there. DETROIT — Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% tariffs on goods imported from Canada and Mexico into the U.S. Such tariffs would have a major impact…
California plans to blunt any GOP efforts to scrap federal tax rebates for electric vehicles. But with uncertainty in store for 2025, experts say the current slate of savings may not last. California is already looking to head off any moves by President-elect Donald Trump to slash electric vehicle subsidies — the latest sign of…
