Autos
New cars are finally back in stock — but Americans might not be able to afford them
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to […]
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Musk Suggests PepsiCo to choose shipping and delivery of Tesla semi-electric powered vans on Dec. 1
Tesla Semi Courtesy: Tesla Tesla is starting off Semi electric powered industrial truck output and PepsiCo will get the very first deliveries on Dec. 1, the electrical automobile maker’s main Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he mentioned the Course 8 truck would go […]
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Geopolitical tensions with the U.S. could ‘supercharge’ China’s innovation, JPMorgan suggests
An staff performs on the creation line of semiconductor wafer at a manufacturing unit of Jiangsu Azure Company Cuoda Team. China has stepped up investment into its chip business in a bid to be self-reliant in vital engineering wanted for electrical autos, smartphones and additional. VCG | Visible China Group | Getty Photos U.S.-China tensions […]
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Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a […]
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Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup […]
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Ford hikes starting price of electric F-150 Lightning for second time in less than two months
Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor is increasing the starting price of its electric F-150 Lightning pickup by $5,000 for the 2023 model year, citing rising costs and supply chain issues. […]
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Ford to end production of $500,000 GT supercar with special edition
2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. The Detroit automaker on Wednesday said the 2022 Ford GT LM Edition will be the last model of the third-generation car, which […]
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Morgan Stanley upgrades Ford, says recent pullback offers an attractive entry point
Investors could benefit from buying Ford Motor shares going forward, according to Morgan Stanley. Analyst Adam Jonas, who is widely followed on Wall Street, upgraded the automaker to overweight from equal weight, reiterating his price target of $14 per share. That target implies upside of 13.2% from Tuesday’s close of $12.36. Ford shares rose 1% […]
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3 of our stocks, including Ford, are in the news. Here’s the Club’s take on the headlines
Three Club holdings — Ford (F), Disney (DIS) and Starbucks (SBUX) — were in the news Tuesday. Here’s our take on the headlines. The news: Ford announced a year-over-year sales decline of 8.9% in September. But with numbers from the final month of the third quarter in, the company’s sales on a quarterly basis rose […]
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Ford’s sales up 16% in third quarter, despite September decline
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, […]
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