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January 18, 2020

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CNBC Business

NHTSA evaluating Tesla driver complaints of unintended acceleration

CNBC
by CNBC00
CNBC – For more and to sign up click here Tesla Model 3 Source: Tesla A division of the U.S. Department of Transportation is looking into driver complaints that Tesla electric vehicles may suddenly accelerate on their own. CNBC has learned that an independent investor, Brian Sparks, submitted a petition......
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CNBC Business

Toyota shifting Tacoma production to Mexico as it invests $13B US

CNBC
by CNBC00
CNBC – For more and to sign up click here 2020 Toyota Tacoma TRD Pro Source: Toyota DETROIT – Toyota Motor will shift all production of the Tacoma midsize pickup from Texas to Mexico as it restructures its North American footprint and invests $13 billion in U.S. manufacturing operations through......
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CNBC Business

Taxi app Bolt backed by European Investment Bank to compete with Uber

CNBC
by CNBC011
CNBC – For more and to sign up click here Bolt CEO Markus Villig Bolt Bolt, the European challenger to ride-hailing giant Uber, has secured 50 million euros ($56 million) in debt financing from the lending arm of the EU. The European Investment Bank, or EIB, has invested in Bolt......
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Reuters - Business

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

Reuters
by Reuters012
(Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. FILE PHOTO:Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji Hyundai......
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CNBC Business

New Tesla registrations in California nearly halved in Q4

CNBC
by CNBC02
CNBC – For more and to sign up click here A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) KENZO TRIBOUILLARD | Getty Images Tesla’s overall vehicle registrations nearly......
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CNBC Business

GM wants to replicate Denali money machine with expanded AT4 off-road lineup

CNBC
by CNBC02
CNBC – For more and to sign up click here GM plans to expand an off-road sub-brand called AT4 across its vehicle lineup in 2020. GM DETROIT – General Motors wants to replicate the success of its “money machine” Denali lineup of pickups and SUVs to boost profits as auto......
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CNBC Business

Porsche logs record global sales ahead of 2020 Tesla showdown

CNBC
by CNBC05
CNBC – For more and to sign up click here A worker fixes the isolation above the engine block of a Macan sports utility vehicle (SUV) on the production line inside the Porsche Leipzig GmbH factory in Leipzig, Germany, on Thursday, Dec. 13, 2018. Krisztian Bocsi | Bloomberg | Getty......
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CNBC Business

Ford’s vehicle sales in China tumble 26.1% in 2019

CNBC
by CNBC05
CNBC – For more and to sign up click here Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Ford Motor’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a......
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CNBC Business

Robotaxis will come in 2022

CNBC
by CNBC04
CNBC – For more and to sign up click here Public streets could get a fresh look via the world of autonomous vehicles in roughly the next two years. Self-driving technology supplier Mobileye CEO Amnon Shashua told CNBC Friday that the first phase of autonomous driving will come in the......
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Reuters - Business

GM to revive Hummer name with electric pickups, SUVs: sources

Reuters
by Reuters03
WASHINGTON (Reuters) – General Motors Co (GM.N) will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star LeBron James, two people briefed on the matter said on Friday. FILE......
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CNBC Business

GM buys Super Bowl airtime to resurrect an all-electric version of the Hummer, sources say

CNBC
by CNBC06
CNBC – For more and to sign up click here General Motors’ Hummer was an SUV based on the design of the military vehicle known as the High Mobility Multipurpose Wheeled Vehicle, or “Humvee.” Joe Raedle | Getty Images DETROIT — General Motors is resurrecting the Hummer, buying Super Bowl......
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Reuters - Business

Soaring SUV sales keep carmakers on collision course with climate policy

Reuters
by Reuters07
FRANKFURT (Reuters) – Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles. FILE PHOTO: A Mercedes-Maybach GLS sports utility vehicle (SUV) is seen at......
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CNBC Business

5 things to know before the stock market opens January 9, 2020

CNBC
by CNBC04
CNBC – For more and to sign up click here 1. Dow set to open at new highs, joining the S&P and Nasdaq a record levels Traders work on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters U.S.......
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CNBC Business

Carlos Ghosn breaks silence after escape from Japan

CNBC
by CNBC04
CNBC – For more and to sign up click here Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday — for the first time since his initial arrest in November 2018 — against accusations of financial misconduct and misuse of......
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CNBC Business

US safety agency opens probe into fatal Tesla Model 3 crash in Indiana

CNBC
by CNBC09
CNBC – For more and to sign up click here Tesla Model 3 Silas Stein | picture alliance | Getty Images The U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it was launching an investigation into the Dec. 29 crash of a Tesla Model 3 that left a......
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CNBC Business

Ghosn regrets not accepting US offer to lead GM for double his salary

CNBC
by CNBC05
CNBC – For more and to sign up click here Former Renault-Nissan boss Carlos Ghosn gestures as he addresses a large crowd of journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020.......
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CNBC Business

Ex-Nissan boss claims prosecutors leaked false information

CNBC
by CNBC010
CNBC – For more and to sign up click here The former chairman of Nissan, Carlos Ghosn, has used his first public appearance since fleeing Japan to accuse the country’s prosecutor of trying to force a flawed confession. Ghosn was arrested in November 2018 on charges that related to under-reporting......
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CNBC Business

Ghosn’s defense team attacks Nissan, reiterates conspiracy claims

CNBC
by CNBC08
CNBC – For more and to sign up click here Carlos Ghosn, former chairman of Nissan Motor Co., sits in a vehicle as he leaves his lawyer’s office in Tokyo, Japan, on Wednesday, March 6, 2019. Takaaki Iwabu | Bloomberg | Getty Images Representatives for ousted Nissan boss Carlos Ghosn......
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CNBC Business

Tesla market cap surges past GM, Ford as Musk dances into China

CNBC
by CNBC05
CNBC – For more and to sign up click here DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last......
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