Dara Khosrowshahi, CEO of UBER, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Uber issued a forecast for bookings and earnings that trailed analysts’ estimates, while second-quarter profit was in line with expectations. Here’s how the company did versus analysts’ estimates compiled by LSEG:…
Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province, Feb. 5, 2025. ZHANG JINGANG | Future Publishing | Getty Images DETROIT — General Motors and China’s SAIC Motor have extended a decadeslong Chinese joint venture that was set to end next year, the U.S. automaker said Tuesday…
The Lucid Gravity is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 24, 2023. Josh Lefkowitz | Getty Images News | Getty Images Lucid Group missed Wall Street’s second-quarter expectations as the electric vehicle manufacturer conducts an “operational reset” amid leadership changes and cost-cutting efforts. Those plans…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images Prices for used electric vehicles are doing something unusual — and the dynamic poses both good and bad news for consumers, according to automotive experts. Generally, used car prices depreciate over time. Indeed, as…
In pushing back against mass autonomous vehicle deployment efforts, labor unions have found an unlikely ally — Uber. A controversial bill currently being considered by the Washington, D.C. Council is a prime example of where this emerging political alliance is being tested. The D.C. bill, known as the “Autonomous Vehicle Deployment Authorization Amendment Act,” would…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
GM began rolling out Google’s Gemini in eligible model year 2022 and newer Cadillac, Chevrolet, Buick and GMC vehicles in the U.S. earlier this year with Google Built‑in. Courtesy GM DETROIT — General Motors plans to launch its own in-vehicle artificial intelligence system that’s better tailored for its customers later this year. The new GM…
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 Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America as the company…
Joe Raedle | Getty Images Elon Musk’s xAI, now owned by SpaceX, sued Minnesota Attorney General Keith Ellison to challenge a law that would ban so-called nudify apps in the state. In their complaint, filed in a federal court in Minnesota on Monday, attorneys for xAI wrote that the statute “imposes an overbroad, content-based ban…
Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT — Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates. Ford shares rose nearly 7% in after-hours trading…
