Autos
Trump administration expresses ‘profound concern’ over Ford’s ties to China
In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker’s strategic trajectory involving Chinese companies.
The U.S. is trying to reduce its reliance on China for batteries. Here’s what it’s up against
The Department of Energy has given grants to small battery tech companies. But the U.S. has a few years to do what took China decades.
GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry
General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.
Automakers urge Congress to permanently ban Chinese connected vehicles in U.S.
Major automakers in the U.S. are urging Congress to ban the domestic sale, import and manufacturing of Chinese connected vehicles, hardware and software.
ChargePoint CEO says 50% stock surge ‘is the beginning of the momentum’
The infrastructure company is toward the end of a three-year business plan that has boosted revenue and significantly cut the company’s losses.
Ford continues ramping up pickup truck production as sales fall 10.3% in August
An increase in the supply of pickup trucks comes as Ford experienced its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
Toyota’s hybrid RAV4 is in demand as dealers wait for more supply
When Toyota announced the new version of its SUV, it said the RAV4 would only be available as a hybrid and that production would be limited at first.
Goodyear burning rubber and cash as turnaround plan continues
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
Hyundai has grown more than any automaker in the U.S. — and it’s not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
Bugatti CEO Mate Rimac says the future of supercars is old-school combustion engines
Bugatti CEO Mate Rimac told CNBC he thinks high-end sports cars will continue to have combustion engines “for a very long time” even with the rise of EVs.