General Motors unveils new high-end GMC Sierra Denali and AT4X pickups

2022 GMC Sierra 1500 AT4X (left) and Denali Ultimate GM DETROIT – General Motors is rolling out two new high-end GMC Sierra 1500 pickups, including one called the Denali Ultimate, that will start at more than $80,000 – making it the most expensive full-size, half-ton pickup on the market. The new models aim to build …

NTSB finds driver seat was occupied in fatal Tesla crash in Spring, Texas

The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Scott J. Engle | via Reuters The National Transportation Safety Board (NTSB) published an update Thursday on its investigation into a fatal crash involving a Tesla on …

AutoNation shares hit new all-time high after reporting record quarterly earnings

AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that …

Don’t bet against Tesla, says former president. But here’s why he’s not a shareholder

The former president of electric vehicle giant Tesla said Thursday he would not bet against the company, noting that it’s emerging as a “formidable competitor” to automakers around the world after the company beat third-quarter earnings expectations. Currently not a Tesla investor, Jon McNeill told CNBC’s “Squawk Box” the stock is “priced to perfection” right …

Tesla will change the type of battery cells it uses in all its standard-range cars

Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in all its standard-range electric …

Tesla earnings are out – here are the numbers

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported earnings after the bell. Here are the results. Earnings per share (adjusted): $1.86 vs $1.59 expected per Refinitiv Revenue: $13.76 billion vs $13.63 billion expected per Refinitiv The company previously …

UAW tells members to urge Congress to back union-made EVs in the U.S.

UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – The United Auto Workers is telling its more than 400,000 members to urge …

Is Tesla stock an ESG investment? The case for and against Elon Musk’s EV company

Tesla CEO Elon Musk and Christian Democratic Union (CDU) party leader Armin Laschet visit the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk has said the fundamental good the electric car maker does will be measured in the acceleration of the world …

Here’s why many people are shopping for cars online

Car buying has long been a process many Americans hate. Increasingly, dealers and companies are trying to find ways to leverage the appeal of online shopping to make it less painful. Historically, buyers who wanted a car had to take a trip to the local dealership, where they might select a vehicle off the lot. …

‘No commercial case for green hydrogen’ yet: Siemens Energy CEO

The CEO of Siemens Energy has spoken of the challenges facing the green hydrogen sector, telling CNBC that there was “no commercial case” for it at this moment in time. In comments made during a discussion at CNBC’s Sustainable Future Forum on Tuesday, Christian Bruch outlined several areas that would need attention in order for …