Don’t call the Ferrari Purosangue an SUV. For one, the company doesn’t, omitting the moniker from its launch materials and press announcements, dubbing it instead “the first four-door, four-seater Ferrari.” Ferrari’s mystique is built on racing and rarity. Slapping the famed prancing horse on just another SUV would be contrary to its carefully crafted image… Continue reading Ferrari’s $400,000 Purosangue is a dream to drive. Just don’t call it an SUV
Author: CNBC Online news
Jim Cramer gets answers from the CEOs of Amazon and Ford. Here’s where he stands
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning following three-straight days of declines, with the Magnificent Seven outperforming. The S & P 500 was up 0.7%, while the Nasdaq Composite gained… Continue reading Jim Cramer gets answers from the CEOs of Amazon and Ford. Here’s where he stands
‘You can’t just make your own rules’: Tesla faces Scandi revolt as Danes join Swedish strike
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images Tesla faces a growing revolt in Scandinavia after Danish dockworkers joined a sympathy strike with Swedish… Continue reading ‘You can’t just make your own rules’: Tesla faces Scandi revolt as Danes join Swedish strike
Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise
Passengers ride in an electric Waymo full self-driving technology in Santa Monica Allen J. Schaben | Los Angeles Times | Getty Images Waymo, Alphabet‘s self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals: GM‘s Cruise. Formerly known as the Google self-driving car project… Continue reading Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise
Stellantis resurrects small Fiat 500e EV for the U.S., starting at $34,095
The 2024 Fiat 500e. Stellantis DETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations. The small city car is expected to first go on sale as a special edition “(500e)RED” model early next year, starting at… Continue reading Stellantis resurrects small Fiat 500e EV for the U.S., starting at $34,095
China’s EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Nio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations. Here’s how Nio did in the third quarter, according… Continue reading China’s EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
Ford’s strong hybrid sales show the company needs to pivot to increase profits
Exploding consumer demand for Ford (F) hybrids last month is further evidence the automaker should pivot its production focus and scale back on electric vehicles. Hybrids “make a ton of money,” Jim Cramer said Monday after Ford reported a 75% year-over-year surge in hybrid sales in November to roughly 12,100 vehicles. EV sales were also… Continue reading Ford’s strong hybrid sales show the company needs to pivot to increase profits
Jim Cramer’s top 10 things to watch in the stock market Monday
My top 10 things to watch Monday, Dec. 4 1. U.S. stocks are lower in premarket trading, with S & P 500 futures down 0.54%. The move comes after five-straight weeks of gains for equities — and here’s how I make sense of the tremendous rally we’ve seen. Meanwhile, bond yields pull back, with that… Continue reading Jim Cramer’s top 10 things to watch in the stock market Monday
How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America’s transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P… Continue reading How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom
Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
Tesla CEO Elon Musk took the stage to reveal details about the company’s new and unconventional Cybertruck pickup on Thursday in Austin, Texas, one day after he appeared in a bizarre interview at the DealBook Summit in New York. At that earlier event, Musk boasted, “It will be the biggest product launch of anything by… Continue reading Elon Musk hypes Tesla Cybertruck at deliveries event in Austin