A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S….
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Stellantis on Thursday issued a warning on one-off costs through the second half of the year as the embattled automaker seeks to…
The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023. Gene J. Puskar | AP General Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market. The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts…
A general view of JLR signage at the Jaguar Land Rover vehicle manufacturing plant in Castle Bromwich on September 30, 2025 in Birmingham, United Kingdom. Christopher Furlong | Getty Images News | Getty Images A major cyberattack on Jaguar Land Rover, considered the most expensive security breach in British history, has prompted experts to question…
Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia. Cedric Ribeiro | Getty Images Entertainment | Getty Images Mining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla Board Chair Robyn Denholm, in a letter Monday, asked shareholders to vote for CEO Elon Musk‘s nearly $1 trillion pay package ahead of the company’s annual meeting. Denholm said Musk was key to…
The headquaters of US auto company General Motos (GM) in Detroit, Michigan. Uli Deck | Picture Alliance | Getty Images DETROIT – General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to reevaluate its businesses and cut costs to boost profits. The impacted employees were largely Computer-Aided Design, or…
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023. Bloomberg | Bloomberg | Getty Images Slovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation. From the…
Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight periods of declines. However, earnings missed analyst estimates, pushing the stock down about 2% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 50 cents adjusted vs. 54 cents estimated Revenue: $28.10…
Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go…
