A growing number of car buyers are opting for cheaper, more basic vehicles, a sign that average new vehicle prices near $50,000 are pushing drivers to rethink what they actually need. Many buyers “just want something to get them from A to B, and they don’t want to pay a lot of money,” says Amelia…
Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened sharply lower on Thursday as investors digest the latest reports on the Iran war and monitor a raft of corporate earnings and central bank decisions. The pan-European Stoxx 600 was trading 0.4% lower by 8:40 a.m. in London (3:40 a.m. E.T.). Regional bourses…
The all-new 2026 Jeep Cherokee Hybrid is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images Shares of auto giant Stellantis fell sharply on Thursday after the company reported a near tripling…
Ludovic Marin | AFP | Getty Images The European car industry is in a structural crisis. Slowing demand for electric vehicles, lost market share to Chinese competitors and higher borrowing costs have created the perfect storm for the sector over the past five years, as sales volumes continue to slump well below pre-pandemic levels. Europe’s…
A year after President Donald Trump declared his “liberation day” and imposed sweeping tariffs on imports, kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive,…
JINHUA, CHINA – JULY 16: Employees work on the assembly line of new energy vehicles at an intelligent factory of Leapmotor on July 16, 2025 in Jinhua, Zhejiang Province of China. (Photo by Jin Sicheng, Zheng Yali, Shi Kuanbing/Zhejiang Daily Press Group/VCG via Getty Images) Vcg | Visual China Group | Getty Images A Hong…
An electric vehicle (EV) is left to charge at a charging station in Tehran on February 23, 2026. Atta Kenare | Afp | Getty Images The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will…
Maros Sefcovic, trade commissioner for the European Union (EU), from left, Ursula von der Leyen, president of the European Commission, Anthony Albanese, Australia’s prime minister, and Don Farrell, Australia’s trade minister, during a news conference at Parliament House in Canberra, Australia, on Tuesday, March 24, 2026. Hilary Wardhaugh | Bloomberg | Getty Images The European…
Nissan’s logo is illuminated on a prototype of its new all-electric Ariya crossover. Nissan’s Z Proto performance car is reflected in the vehicle’s grille, while a redesigned Nissan Pathfinder SUV sits in the background. Michael Wayland / CNBC Nissan Motor plans to introduce a new type of hybrid to the U.S. market that drives like…
The Rivian R2 is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up…
