Techno Blender
Digitally Yours.
Browsing Tag

Autos

Aston Martin names Bentley chief Adrian Hallmark as new CEO

Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. Stefano Guidi | LightRocket | Getty ImagesLONDON — Adrian Hallmark, the experienced autos leader of Bentley, has been appointed as new chief executive officer of fellow British luxury automaker Aston Martin.The 61-year-old will start in his new role no later than Oct. 1, the company announced Friday. Outgoing leader Amedeo Felisa will remain in his post until that time."He brings more than 25 years of highly successful senior automotive experience from the…

BYD Seagull EV puts global auto execs, politicians on edge

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

Sen. Warren presses SEC, again, to investigate Tesla and Elon Musk

Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company's board of directors over what she called, "possible misappropriation of Tesla resources and conflicts of interest arising from Mr. Musk's dual role at Tesla and X— renamed from Twitter."Warren, who sits on both the Senate's banking and the armed services committees, had sent a similar request to the SEC last July, and a letter to Tesla's board chair Robyn Denholm expressing…

New, used car prices are cooling. Here’s what auto shoppers can expect

Maskot | Maskot | Getty ImagesAfter a year of supply shortages and climbing borrowing costs, 2024 is shaping up to be a better time to buy a car.The average transaction price for a new car in the U.S. in February was $47,244, down 2.2% from February 2023. That's also down 5.4% from the market peak in December 2022, according to Kelley Blue Book.But new cars are still generally expensive; prices are nearly 14% higher than in February 2021.Incentives such as rebates and discounts are slowly making a comeback as inventory…

Elon Musk buying Nvidia hardware even as Tesla aims to build AI rival

Tesla CEO, Elon Musk (L), and Nvidia CEO, Jensen Huang (R).ReutersIn November 2023, at an all-hands meeting with employees, Nvidia CEO Jensen Huang was asked whether the company would follow the lead of Apple and Disney and suspend its advertising on X due to rising levels of antisemitism and other hate speech on the platform.X owner Elon Musk said earlier that month that he agreed with a post on the site that accused "Jewish communities" of pushing "hatred against whites." Numerous brands — Disney and Apple among them —…

Xiaomi is set to launch its SU7 electric car on March 28

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date.CNBC | Evelyn ChengBEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.The company claimed in a social media post its SU7 electric car "would be delivered as soon as it is launched," according to CNBC's translation of the post written in Chinese. The post said the company was opening…

Raimondo says it’s ‘possible’ for Chinese EVs to one day be on U.S. roads

Philippine Department of Trade and Industry Secretary Alfredo Pascual (R) and US Commerce Secretary Gina Raimondo attend a press conference in the Philippines on March 11, 2024.Jam Sta Rosa | Afp | Getty ImagesChinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC's Eunice Yoon in an exclusive interview Tuesday."It's possible. I could see a day when we have those vehicles on roads in the United States,"…

Janet Yellen says Biden spurred electric vehicle investment boom

U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on the “Annual Report of the Financial Stability Oversight Council" on Capitol Hill in Washington, D.C., on Feb. 6, 2024.Amanda Andrade-rhoades | ReutersTreasury Secretary Janet Yellen on Wednesday lauded President Joe Biden's investment in electric vehicles for accelerating the sector, even as the industry cools off from its yearslong hot streak.Yellen touted Biden's EV actions in Kentucky at a new $49 million EV battery…

Nio plans to launch its mass market EV brand in May

Nio holds a product event in Shanghai on Sept. 21, 2023.Evelyn Cheng | CNBCBEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May.Executives confirmed the new brand will be named "Le Dao" in Chinese, and said the name is meant to reflect families — the target consumer segment — having a happy time together.Nio, founded in late 2014, has so far focused on the higher end of the market with SUVs and sedans that can cost more than Tesla's Model S or Model Y, but come…

Tesla settles racial discrimination lawsuit

Workers assemble cars on the line at Tesla's factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images)David Butow | Corbis News | Getty ImagesElectric vehicle maker Tesla has settled a racist discrimination lawsuit in which a federal jury previously awarded $3.2 million in damages to Owen Diaz, a Black man who worked as an elevator operator at its Fremont, California factory in 2015.Attorney Lawrence Organ, with the California Civil Rights Law Group, who represented Diaz told CNBC via e-mail: "The…