General Motors Co
Disney slams Peltz for lack of media experience, but its board is light on it, too
Nelson Peltz David A. Grogan | CNBC Disney directors unanimously rejected activist investor Nelson Peltz’s request to join the board this month, in large part due to his lack of media industry expertise. That would be a stronger argument if Disney’s current board members had ample media and entertainment experience when they joined. Almost all […]
Read More
Winners and losers in electric vehicles as Tesla possibly ignites a price war
Tesla’s decision to lower its prices has broad implications across the electric-vehicle industry — and may have started a price war. Tesla cut prices of the Model 3 and Model Y in the U.S. and Europe last Friday, which may help buyers qualify for more federal tax credits and boost sales volume. The Model 3 […]
Read More
GM reveals new Chevy Corvette E-Ray hybrid sports car, starting at over $104,000
2024 Chevrolet Corvette E-Ray hybrid sports car GM DETROIT – General Motors’ first-ever “electrified” Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday. The vehicle also will be all-wheel drive, another first for the quintessential American sports car. The carmaker said the E-Ray, which GM first confirmed to […]
Read More
Goldman Sachs downgrades this stock as automobile sector faces a rough macro outlook, names Tesla a major decide
Shares of Keysight Technologies glimpse poised for a reset as each the car and communications infrastructure industries encounter a tough macro setting in advance, according to Goldman Sachs. Analyst Mark Delaney downgraded shares of the electronic style and test solutions business that materials merchandise to the industries like autos, to neutral from acquire. He cited […]
Read More
Goldman Sachs reveals the stocks set to benefit from an EV boom, offering 1 in excess of 100% upside
Shares of legacy automakers and areas suppliers will appeal to new buyers as they transition towards electric automobiles and environmentally friendly systems, in accordance to Goldman Sachs. Environmental, social and governance (ESG) cash have thus considerably largely shunned this sort of providers in favor of new electrical automakers, in accordance to Goldman — but it’s […]
Read More
Tesla’s rout has made a fantastic entry issue, suggests trader Bryn Talkington
Trader Bryn Talkington mentioned Friday you can find a sliver lining to Tesla’s dismal inventory overall performance of late: You can find now a buying option into the electric powered motor vehicle maker. The electric-automobile maker’s inventory hit its most affordable degree considering that August 2020 on Friday immediately after the company lower prices for […]
Read More
Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term. Industry estimates range […]
Read More
Andretti joins forces with Typical Motors for Cadillac Formulation 1 entry bid
Michael Andretti, workforce operator of Walkinshaw Andretti United, looks on for the duration of qualifying for Supercars Adelaide 500 on March 2, 2018 in Adelaide, Australia. Daniel Kalisz | Getty Visuals Activity | Getty Illustrations or photos Andretti have teamed up with Basic Motors in a bid to enter Method 1 which, if productive, would […]
Read More
Ford pickup truck sales in December help narrow overall sales decline
2023 Ford Super Duty F-350 Limited Ford DETROIT — Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight increase in December. The Detroit automaker on Thursday reported sales of more than 1.9 million vehicles in 2022, including […]
Read More
Tesla’s December sales of China-produced automobiles drop to the most affordable in 5 months
Tesla automobiles waiting for shipping and delivery transportation in a large great deal close to the Waigaoqiao Container Port in Shanghai, China, on Friday, June 3, 2022. Qilai Shen | Bloomberg | Getty Visuals Tesla Inc shipped 55,796 China-designed electrical automobiles in December, the least expensive degree in 5 months, in accordance to data from […]
Read More