Tesla 3-year sales low in China
Tesla sales in China dropped to a three-year low in October, raising concerns the electric vehicle maker could see its first full-year sales decline in the country this year. Fierce competition from local rivals such as NIO and Li Auto — both reporting this week — and a bruising price Continue Reading
Trump administration silent on Port of Los Angeles containership fire
The head of the largest port in the United States said the Trump administration has not reached out to offer assistance following a fire that erupted on a containership on Friday and continues to burn outside of the port. “I have been trying to set up meetings with Trump cabinet Continue Reading
Mercedes F1 boss Toto Wolff sells ownership piece to CrowdStrike CEO George Kurtz
Mercedes-AMG Petronas F1 CEO and team principal Toto Wolff is bringing in new team ownership, selling a portion of his holdings to CrowdStrike founder and CEO George Kurtz, the executives told CNBC Thursday. Kurtz’s personal acquisition expands a partnership between the auto racing team and software provider that dates to Continue Reading
Hyundai showcases off-road ambitions with new rugged concept SUV
Hyundai Crater SUV concept vehicle Hyundai LOS ANGELES — Hyundai Motor has ambitions to increase the rugged, off-road capabilities of its vehicles in the U.S., based on a new “Crater” concept SUV revealed Thursday. The rugged compact vehicle mixes Hyundai design characteristics with off-road capabilities reminiscent of American SUVs such Continue Reading
China trade plummets and U.S. freight market enters recession watch
The impact of President Donald Trump’s tariffs continues to rip through the logistics and transportation sectors, with major ports experiencing a steep drop in imports after records were set earlier this year, and volumes throughout the supply chain rolling over. For the first time in 2025, rates for van, flatbed, Continue Reading
Global robotaxi race heats up between U.S. and Chinese rivals
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese robotaxi companies are expanding abroad at a faster clip than U.S. rivals Waymo and Tesla — at a time when industry leaders say autonomous driving is finally Continue Reading
The ‘most powerful’ production Porsche ever
The 2026 Porsche Cayenne Electric SUV Porsche Porsche on Wednesday revealed an all-electric version of its Cayenne SUV, calling it the “most powerful” production vehicle ever made by the German sports car manufacturer. The 2026 Cayenne EV is capable of 1,139 horsepower, 0-60 mph in 2.4 seconds and up to Continue Reading
New electric SUV to start at $65,000
LOS ANGELES — Jeep’s new Recon all-electric SUV will start at $65,000, the American SUV brand announced Tuesday when it officially revealed the vehicle. The 2026 Jeep Recon has been years in the making, as the idea of an electric vehicle inspired by the brand’s iconic off-road Wrangler SUV was Continue Reading
Toyota to invest $912 million in U.S. plants to up hybrid production
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC Toyota Motor on Tuesday announced plans to invest $912 million in U.S. manufacturing plants in five southern states as part of a previously announced plan for the company to invest up to $10 billion domestically by 2030. The Continue Reading