CNBC - Autos

Tesla paid CEO Elon Musk $3 million to provide indemnity for directors and officers against ...

Mon, 26 Oct 2020 19:46:30 GMT

The highly unusual arrangement had Musk offer up to $100 million from his personal funds in indemnity coverage for officers and directors for 90 days.

Lordstown Motors shares pop in volatile Nasdaq trading debut

Mon, 26 Oct 2020 18:04:29 GMT

Shares of Lordstown Motors surged by nearly 20% before cooling off during the company's public debut on the Nasdaq.

Tesla is reportedly shipping 7,000 made-in-China cars to Europe

Mon, 26 Oct 2020 09:25:57 GMT

Tesla will begin sending made-in-China Model 3 electric cars to Europe on Tuesday, according to Chinese media reports.

How Aston Martin is trying to save its iconic brand

Sat, 24 Oct 2020 12:00:02 GMT

Two years after Aston Martin's initial public offering, shares are trading at a fraction of a dollar. The company is looking to its DBX sport utility vehicle to help turn things around.

Tesla recalls nearly 50,000 Model S and X cars in China over faulty suspension

Fri, 23 Oct 2020 21:20:53 GMT

The China State Administration for Market Regulation announced the recall of nearly 50,000 Tesla Model S and Model X cars.

Two traditional auto stocks are outpacing high-momentum Tesla shares this month

Fri, 23 Oct 2020 16:17:00 GMT

Is it the old-school automakers' time to shine? General Motors and Ford have outpaced Tesla so far this month. Gina Sanchez of Chantico Global and Lido Advisors and Quint Tatro of Joule Financial discuss their next move.

Tesla 'left the old-school automakers in the dust,' Jim Cramer says

Thu, 22 Oct 2020 23:15:42 GMT

"At this point, it's not even a fair comparison," the "Mad Money" host said.

China's electric car strategy is starting to go global – and the U.S. is lagging behind

Thu, 22 Oct 2020 23:09:53 GMT

In a future driven by electric vehicles, China is poised to dominate if the U.S. does not transform its automobile industry in coming years.

Steel producer Nucor sees opportunity in autos beyond recent rebound

Thu, 22 Oct 2020 22:43:27 GMT

"We're about 1.6 million tons a year of our products going to automotive. Will double that in the next several years," Nucor CEO Leon Topalian told CNBC.

GM shares close at new year-to-date high following Hummer EV debut

Thu, 22 Oct 2020 22:04:44 GMT

GM stock closed at $37.41, up 4.6% – pushing the shares for the year in the black (up 2.2%) for the first time since Jan. 2.

Stocks making the biggest movers midday: Las Vegas Sands, Southwest, GM, Discover & more

Thu, 22 Oct 2020 20:12:38 GMT

Take a look at the stocks making the biggest moves midday.

Why Tesla's 20-million electric vehicle goal could next take Elon Musk to India

Thu, 22 Oct 2020 14:34:52 GMT

As Tesla ramps electric vehicle production in China and constructs a new auto factory in Germany, Elon Musk envisions 20-million EVs from the company. Getting there could mean going to India next.

Tesla isn't stuck in a 'zero-sum game' like other carmakers, Jefferies analyst says

Thu, 22 Oct 2020 12:33:50 GMT

Billionaire Elon Musk's car company on Wednesday posted its fifth straight quarter of profits.

Lithia Motors plans to expand footprint as it rolls out at-home 'Driveway' strategy

Thu, 22 Oct 2020 00:34:08 GMT

"We made a little over a quarter billion dollars in net profit in Q3, which is a good start to be able to buy even more" car dealerships, Lithia Motors CEO Bryan Deboer told CNBC's Jim Cramer.

Tesla reports fifth consecutive quarter of profits

Wed, 21 Oct 2020 23:05:21 GMT

Elon Musk's carmaker reported net income of $331 million on revenue of $8.77 billion in the third quarter.

GMC Hummer EV: 5 things to know about GM's first electric 'supertruck'

Wed, 21 Oct 2020 19:31:56 GMT

The 2022 Hummer EV is expected to be the pinnacle of General Motors' electric vehicles.

Nikola shares surge after GM executive gives hope of keeping partnership deal alive

Wed, 21 Oct 2020 15:44:42 GMT

Shares of embattled electric vehicle start-up Nikola jumped double digits during premarket trading Wednesday following a General Motors executive saying the automaker still sees a tie-up with the company being a great opportunity.

AutoNation reports 'best quarter ever' as Covid convinces people to buy their own cars, CEO says

Wed, 21 Oct 2020 13:43:34 GMT

"I think this pandemic/shelter in place has shifted the American psyche in a long-term way," AutoNation's Mike Jackson told CNBC on Wednesday

GM unveils Hummer EV as 'world's first supertruck' for $112,600 starting in 2021

Wed, 21 Oct 2020 00:21:09 GMT

The new electric Hummer from General Motors will live up to the reputation of its predecessors for being capable and over the top but in different ways than the gas-guzzling vehicles that previously bore the name.

Ford unveils new self-driving test vehicle for 2022 launch

Tue, 20 Oct 2020 21:35:01 GMT

Ford plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover, the company announced Tuesday.