Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori plant in Turin, Italy, on November 25, 2025. Nurphoto | Nurphoto | Getty Images Auto giant Stellantis on Thursday reported its first-ever annual loss after booking substantial write-downs amid a major strategic shift. The multinational conglomerate, which owns household…
Autonomous driving company Wayve has hit an $8.6 billion valuation after securing fresh funds from Nvidia, Microsoft and Uber. The $1.2 billion Series D round was led by Eclipse, Balderton and SoftBank Vision Fund 2 and also featured automakers Mercedes-Benz, Nissan and Stellantis. Uber will invest up to an additional $300 million in milestone-based capital….
People walk in front of the U.S. Supreme Court building on their way to attend oral arguments on President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, Nov. 5, 2025. Nathan Howard | Reuters The Supreme Court struck down a centerpiece of President Donald Trump’s…
The Supreme Court in Washington, Jan. 27, 2026. Al Drago | Bloomberg | Getty Images The Supreme Court may decide the fate of President Donald Trump’s tariff agenda as soon as Friday — and the ruling has implications for consumers’ wallets, according to economists. If the high court were to rule that certain tariffs are…
A Ford F-150 Lightning next to a Tesla Cybertruck. Michael Wayland / CNBC DETROIT — Ford Motor‘s $5 billion “bet” on its next generation of all-electric vehicles will feature a budding technology that Tesla commercialized in the U.S. on its Cybertruck, the Detroit automaker said Tuesday. The system, known as a 48-volt electrical architecture, had…
Chris Liddell, then the White House deputy chief of staff for policy, during an American Workforce Policy Advisory Board meeting in the East Room of the White House in Washington, June 26, 2020. Al Drago | Bloomberg | Getty Images Anthropic on Friday announced it has appointed longtime executive and political operative Chris Liddell to…
For the 2025 tax year, eligible U.S. taxpayers can deduct up to $10,000 in auto loan interest under a temporary provision enacted as part of President Donald Trump’s One Big Beautiful Bill Act. However, most eligible borrowers will deduct far less, largely because even sizable auto loans don’t generate anywhere near $10,000 in interest in…
The Trump administration has made unprecedented equity investments and obtained other stakes in at least 10 companies over the past year. Many are in critical mineral companies as the White House plots a strategy to directly back mining companies to build a domestic supply chain and reduce dependence on China. But the investments also include…
The Trump administration’s portfolio of equity stakes in U.S. companies has reached a scale that is unprecedented outside economic crisis or wartime. The administration has taken stakes or has agreements to do so with at least 10 companies, most of which are publicly traded. The government announced its latest investment, USA Rare Earth, at the…
Volkswagen is one of three automakers expected to advertise during the Super Bowl in 2026. Courtesy VW DETROIT — Automakers are largely sitting on the advertising sidelines during this year’s Super Bowl amid uncertainty in the U.S. automotive industry involving sales, tariffs and regulations. Carmakers — historically major buyers of ads during the big game…
