Ford Motor Co
Ford's hybrid vehicle sales surge to offset EV decline in January
The 2022 Ford Maverick. Ford DETROIT — Ford Motor started the year with a slight increase in sales, as a large jump in hybrid vehicles offset an 11% decline in all-electric cars and trucks. The Detroit automaker on Friday reported sales rose 4.3% last month from January 2023, led by a 43% jump in hybrid […]
Read More
A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption
A Carvana sign and signature vending machine in Tempe, Ariz. Michael Wayland/CNBC PHOENIX – As layoffs and cost cuts roil Wall Street, from retail and shipping to tech and media, embattled online used car sales giant Carvana says its own restructuring is in the rear view. Carvana over the last 18 months aggressively restructured its […]
Read More
CNBC Daily Open: Additional mega tech earnings in spotlight
The share cost of Fb stock is observed at the Nasdaq stock sector in New York. Getty Pictures This report is from present day CNBC Each day Open up, our intercontinental markets e-newsletter. CNBC Each day Open up provides investors up to velocity on all the things they want to know, no subject where by […]
Read More
Lawmakers want U.S. to probe four Chinese companies associated in Ford battery plant — letter
Invoice Ford, Government Chairman of Ford Motor Company, announces at a push meeting that Ford will be partnering with the world’s premier battery organization, a China-dependent enterprise identified as Modern day Amperex Engineering, to create an electric-car battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Invoice Pugliano | Getty Images News […]
Read More
UAW endorses President Joe Biden for reelection over Trump
U.S. President Joe Biden speaks to United Auto Workers members at the UAW’s Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. Leah Millis | Reuters The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced Wednesday at a union conference in Washington, […]
Read More
Tesla set to report fourth-quarter earnings just after the bell
Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political conference structured by Fratelli d’Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty Pictures Tesla is established to report fourth-quarter earnings for 2023 after the bell Wednesday. Here’s what analysts are […]
Read More
Why China poses a growing threat to the U.S. auto industry
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images DETROIT – Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S. […]
Read More
Panasonic puts productivity enhance in advance of new EV plant in U.S.
The Panasonic Electrical power Co. headquarters in Moriguchi, Osaka Prefecture, Japan, on Thursday, Jan. 11, 2024. Panasonic strategies to roll out the most recent iteration of its electric car or truck battery cells with improved capacity as early as this calendar 12 months, the main technology officer for EV batteries mentioned. Photographer: Kentaro Takahashi/Bloomberg through […]
Read More
Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday. Ford said the production changes […]
Read More
10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, […]
Read More