CNBC - Autos

Departure of GM CFO Dhivya Suryadevara highlights ongoing 'brain drain' problem for auto industry

Thu, 13 Aug 2020 10:30:01 GMT

As the automotive and tech sectors have collided in the past decade with the rise of connected, electric and autonomous vehicles, the competitive landscape for top talent has increasingly become more challenging.

Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

Wed, 12 Aug 2020 21:48:42 GMT

Lyft faces a threat to its business in California, where a judge issued a preliminary injunction that requires it to classify its drivers as employees eligible for benefits, not independent contractors.

GM facility to continue building ventilators after completing $489.4 million government contract

Wed, 12 Aug 2020 18:34:43 GMT

GM will lease the building in Kokomo, Indiana, to Ventec Life Systems, a company the automaker partnered with to build the ventilators as the first wave of Covid-19 cases surged in the U.S. this spring.

Payments giant Stripe poaches General Motors' CFO in its latest high-profile hire

Tue, 11 Aug 2020 14:31:12 GMT

Payments giant Stripe has hired General Motors' chief financial officer Dhivya Suryadevara.

Lucid challenges Tesla with a luxury EV sedan that has a record 517 miles of range per charge

Tue, 11 Aug 2020 14:20:04 GMT

The Lucid Air sedan is estimated to be able to achieve an EPA-range of 517 miles on a single charge, topping Tesla's Model S.

Nikola shares surge as much as 22% on garbage truck order for Republic Services

Mon, 10 Aug 2020 17:36:03 GMT

Nikola founder and Executive Chairman Trevor Milton in a statement said the "refuse market is one of the most stable markets in the industry and provides long-term shareholder value."

It has 'never been easier to make money' on small and midcaps, JPMorgan strategist says

Mon, 10 Aug 2020 11:23:01 GMT

With one in every five small and midcap stocks still down more than 30% since the beginning of the coronavirus crisis, it has "never been easier to make money," according to JPMorgan's Eduardo Lecubarri.

Chinese Tesla rival Xpeng Motors files for New York IPO

Mon, 10 Aug 2020 04:48:26 GMT

Xpeng's push for a New York IPO comes amid escalating tensions between the U.S. and China that have threatened Chinese firms listing on Wall Street.

Electric Ford Mustang Mach-E features 'audio wizardry' with optional engine noise

Sun, 09 Aug 2020 14:00:01 GMT

When the Mustang Mach-E arrives in showrooms later in 2020, drivers of the all-electric vehicle will be able to make the sound of an engine accelerating when they push the pedal.

Uber ride-sharing revenue plummets, food delivery more than doubles

Fri, 07 Aug 2020 00:23:17 GMT

Uber narrowed losses, and saw a spike in demand for its food delivery service during the second quarter. However, the company's core ride-sharing business was down 73% from last year.

GM unveils all-electric Cadillac Lyriq as its new 'technology spearhead'

Thu, 06 Aug 2020 23:29:07 GMT

The Lyriq, a midsize crossover, includes a massive diagonal 33-inch curved LED screen on the interior, advanced lighting technology on the exterior and GM's Super Cruise driver-assist system.

GM's push to compete with Tesla begins with Cadillac Lyriq crossover debut Thursday

Thu, 06 Aug 2020 17:24:28 GMT

The vehicle is the most pivotal new product for the quintessential American luxury brand since the debut of the Escalade SUV in 1998.