EV demand is getting a boost from the Iran war — just as auto giants pivot back to combustion engines
[ad_1] 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 […]
SpaceX confidentially files for IPO, setting stage for record offering
[ad_1] SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk’s SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC’s David Faber, bringing Elon Musk’s rocket company one step closer to what’s expected to be a record public offering. Bloomberg was […]
Nissan’s new hybrid is a U.S.-first that mixes EV driving with a gas engine
[ad_1] 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 […]
Tesla to buy $4.3 billion of LG Energy battery cells from disbanded GM plant
[ad_1] A Tesla Megapack battery at the Harmony Energy Ltd. and Fotowatio Renewable Ventures BV battery energy storage project near Burgess Hill, England, May 11, 2021. Chris Ratcliffe | Bloomberg | Getty Images Tesla is expanding ties with South Korea’s LG Energy Solution, striking a deal to buy $4.3 billion worth of battery cells for […]
Tax season presents a boom-or-bust test for U.S. auto sales
[ad_1] Customers at a Ford dealership in Richmond, California, April 16, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — The strength of the U.S. automotive industry will face an early test this spring that has nothing to do with cars or trucks. With tax season starting, industry experts are projecting that some […]
Automakers largely sit out 2026 Super Bowl advertising amid industry uncertainty
[ad_1] 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 […]
Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge
[ad_1] Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa on Friday said the automaker plans to move forward as one company amid speculation that it would be better off selling brands or splitting up after disappointing results. “Stellantis is […]