Ford Motor Co
GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program […]
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Ford EV and hybrid sales surge 65% in May
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor’s U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly […]
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See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned […]
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Here are 5 stocks that are buys right here, right now
Let’s say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. Ideally, what I would like members to be thinking about is a companion portfolio of up to a dozen stocks to a market index fund position — something we recommend for […]
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GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential family hauler and a go-to car for people seeking an […]
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U.S. tariff hikes on China EVs will benefit these global stocks, Bernstein says
The U.S move to impose higher tariffs on Chinese electric vehicles is set to have an impact on the U.S. battery supply chain — and create investing opportunities, according to Bernstein. The White House said the tariff hikes on Chinese EVs and other products from the Asian giant are necessary to protect American industries from […]
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Mercedes-Benz workers in Alabama vote against UAW union membership
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The […]
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Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images DETROIT — President Joe Biden’s plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the […]
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What to count on for Tesla’s Supercharger community now that the group is dismantled
The long run of Tesla Supercharging is unsure following CEO Elon Musk’s disbanding of the Supercharging group as part of a broader restructuring. The around 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of automobile programs. Musk’s abrupt choice has elevated issues about the long run of Tesla’s EV […]
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How American carmakers misplaced ground in China
American automakers and their non-Chinese counterparts are battling an existential battle, as neighborhood rivals in China outpace them. Chinese companies flush with federal government investments and subsidies have leapfrogged the level of competition in electric car engineering and software program. U.S. automaker profits have fallen dramatically due to the fact their peak a several years […]
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