Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley on Wednesday said … Read more

Volvo Cars hikes 2024 profit as it considers relocation due to tariffs

Volvo Cars hikes 2024 profit as it considers relocation due to tariffs

Sweden’s Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned by China’s Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04 billion) in 2024 amid an … Read more

Markets rise on tariff pause, but earnings disappoint

Markets rise on tariff pause, but earnings disappoint

Google’s Munich headquarters on Jan. 31, 2025 in Munich, Germany. The company’s development center is located in Arnulfpark. More than 2,500 employees work for the US company at various locations in Germany.  Matthias Balk | Picture Alliance | Getty Images U.S. President Donald Trump on Monday paused tariffs on Mexico and Canada (but, notably, not … Read more

Why Mercedes-Benz’s driver assistance system ranks higher than Tesla’s

Why Mercedes-Benz’s driver assistance system ranks higher than Tesla’s

Tesla‘s Autopilot system has gone from being a leader in advanced driver assistance systems to merely middle of the pack.   The company’s driver assistance technology, which uses names such as “Autopilot” and “Full Self-Driving,” ranked eighth on a list by Consumer Reports, behind similar systems from Ford, General Motors, Mercedes-Benz, BMW and mainstream import … Read more

This is what’s at stake for U.S. auto industry

This is what’s at stake for U.S. auto industry

A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images DETROIT — As President Donald Trump threatens to impose 25% tariffs on imports from Canada and Mexico as soon as … Read more

Honda reveals two new ‘0 Series’ EVs to be produced in Ohio

Honda reveals two new ‘0 Series’ EVs to be produced in Ohio

Honda 0 Saloon & Honda 0 SUV prototypes Honda LAS VEGAS — Honda Motor on Tuesday at the CES tech conference revealed the company’s newest electric vehicles that are set to be produced at a multibillion-dollar manufacturing complex in central Ohio. The vehicles are the Honda 0 Saloon, which is an updated version of a … Read more

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024.  Kyodo | Via Reuters Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a … Read more

Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal

Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal

A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid … Read more

Holiday-thinned markets cheered by strong Wall Street finish

Holiday-thinned markets cheered by strong Wall Street finish

Traders work on the floor of the New York Stock Exchange on Dec. 9, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more

Nissan could face cost-cutting ‘carnage’ in Honda merger

Nissan could face cost-cutting ‘carnage’ in Honda merger

Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and] brought Nissan … Read more