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. Stocks were having another down day, led lower again by the mega-cap tech names. Jim Cramer said Thursday it’s the S & P Oscillator pointing to an oversold market… Continue reading Here’s what we think about Ford stock after tentative UAW deal and ahead of earnings
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Uber begins offering rides in self-driving Waymo cars
Passengers ride in an electric Waymo full self-driving technology in Santa Monica Allen J. Schaben | Los Angeles Times | Getty Images Customers ordering an Uber in Phoenix now have the option to take their ride in a fully autonomous vehicle, the company announced in a blog post Thursday. Uber partnered with the autonomous car… Continue reading Uber begins offering rides in self-driving Waymo cars
We’re hopeful the UAW strike isn’t costing Ford as much lost production as GM
Investors just got a look at how much the United Auto Workers strike is costing General Motors (GM) in lost production. We’re hoping it won’t be as bad at Ford (F), which reports earnings Thursday evening. The UAW began striking Detroit’s three automakers last month after Ford, GM and Chrysler-parent Stellantis (STLA) failed to reach… Continue reading We’re hopeful the UAW strike isn’t costing Ford as much lost production as GM
GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies. Honda DETROIT – General Motors and Honda Motor have canceled plans to jointly develop affordable electric vehicles as they face slower-than-expected demand and changing market conditions. The unwinding of the tie-up roughly… Continue reading GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million
Nikola’s founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October 2022. Massimo Pinca | Reuters Shares of electric truck maker Nikola traded higher Tuesday after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to pay the company about $165 million… Continue reading Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million
Why GM is reviving the Bolt, the best-selling EV it almost discontinued
General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. Patrick T. Fallon | Bloomberg | Getty Images General Motors surprised investors — and electric vehicle fans — when it said in July that the little Chevrolet Bolt EV will be revamped, rather than killed… Continue reading Why GM is reviving the Bolt, the best-selling EV it almost discontinued
UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings
watch now DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The Tuesday strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces… Continue reading UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings
GM tops Q3 expectations but pulls full-year guidance due to mounting UAW strike costs
watch now DETROIT — General Motors beat Wall Street’s third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Workers union that’s costing the automaker roughly $200 million a week in lost vehicle production. The labor strikes, which started Sept. 15, have cost the automaker roughly $800 million in pretax… Continue reading GM tops Q3 expectations but pulls full-year guidance due to mounting UAW strike costs
Tesla discloses DOJ probes over vehicle range, personal benefits and more
A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. Brandon Bell | Getty Images In a third-quarter financial filing out Monday, Tesla disclosed that the U.S. Department of Justice has been investigating, and in some cases issued subpoenas, to Elon Musk’s automaker regarding its driver assistance… Continue reading Tesla discloses DOJ probes over vehicle range, personal benefits and more
UAW expands strike to Stellantis pickup truck plant in Michigan
United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Mich. after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT — The United Auto Workers union is expanding its strike to a Stellantis plant in Michigan that produces Ram 1500 full-size pickup trucks,… Continue reading UAW expands strike to Stellantis pickup truck plant in Michigan