Stellantis agrees to $30 million fine to settle federal corruption probe of Fiat Chrysler

UAW President Rory Gamble (left) and U.S. Attorney Matthew Schneider announce a settlement agreement to end a years-long corruption investigation into the union on Dec. 14, 2020 in Detroit. Michael Wayland / CNBC Stellantis, formerly Fiat Chrysler, has agreed to pay $30 million as part of a plea deal to settle a criminal investigation into … Read more

Shares of Evergrande’s electric car unit pop 67% after raising billions to compete with Tesla in China

Evergrande Group Chairman Xu Jiayin attends Evergrande New Energy Auto Global Strategic Partners Summit on November 12, 2019 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images GUANGZHOU, China — Shares of the electric vehicle unit of Chinese property giant Evergrande surged as much as 67% on Monday after the … Read more

Tesla posts several job openings for Semi truck production lines in Nevada

Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company’s new electric semi truck during a presentation in Hawthorne, California, U.S., November 16, 2017. Alexandria Sage | Reuters Recent job listings show that Tesla is moving ahead with its long-delayed plans for its electric Semi truck, an initiative it first unveiled … Read more

GitHub head of HR resigns after investigation into firing of Jewish employee over Capitol riot comments

Trump supporters stand on the U.S. Capitol Police armored vehicle as others take over the steps of the Capitol on Wednesday, Jan. 6, 2021, as the Congress works to certify the electoral college votes. Bill Clark | CQ-Roll Call, Inc. | Getty Images Microsoft-owned GitHub, the code sharing site for software developers, said on Sunday … Read more

General Motors to invest nearly $800 million in Canada plant to manufacture electric vans

The first vehicle from GM’s BrightDrop will be the EV600 — an electric light commercial vehicle purpose-built for the delivery of goods and services with up to 250 miles in range per charge. GM General Motors and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly … Read more

Amazon to let automakers use Alexa software to create their own in-car voice assistants

Amazon introduces an in-car gadget, the Echo Auto, at an event on Sept. 20, 2018 Todd Haselton | CNBC Amazon wants to make it easier for automakers to bring voice assistants to their vehicles. The company announced on Friday a new service — Alexa Custom Assistant — that enables automakers to develop their own digital … Read more

U.S. vehicle safety agency asks Tesla to recall 158,716 older vehicles over touchscreen glitches

Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Qilai Shen | Bloomberg | Getty Images The National Highway Traffic Safety Administration (NHTSA) asked Tesla in a letter on Wednesday to recall 158,716 of its Model S and Model … Read more

5 reasons why General Motors’ shares are trading at all-time highs

Shares of General Motors opened Wednesday above $50 for the first time ever after CEO Mary Barra and other executives laid out an array of future business plans at the CES technology conference – from electric vehicles to flying cars. As Barra put it, the mission of the Tuesday presentation was to promote “confidence” in … Read more

GM shares hit record high as automaker reveals electric van and delves into flying cars

Renderings from GM of the “Cadillac halo portfolio” that includes concepts of an autonomous shuttle (right) and an electric vertical take-off and landing (eVTOL) aircraft, also known as a flying vehicle. Screenshot via GM Shares of General Motors hit a record high in intraday trading Tuesday after the automaker unveiled a new electric van and … Read more

Chinese electric car start-up Xpeng gets $2 billion in credit from state-owned banks

Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC In July 2020, local branches for four of the “big five” banks extended 10.4 billion yuan in credit to Nio for the start-up’s China operations based in the city … Read more