VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast‘s ambitious plan to deliver as many as 50,000 vehicles this year is “unrealistic,” according to one analyst. VinFast said it expects to deliver 40,000 to 50,000… Continue reading VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
Author: CNBC Online news
Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
Former U.S. President Donald Trump speaks during an autoworker-focused campaign rally at auto supplier Drake Enterprises, on Sept. 27, 2023 in Clinton Township, Michigan. Michael Wayland / CNBC CLINTON TOWNSHIP, Mich. – Former President Donald Trump attempted to woo blue-collar autoworkers Wednesday night by criticizing electric vehicles and warning of what he claimed is a… Continue reading Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
UAW again threatens to expand strikes at Detroit automakers if progress isn’t made by Friday
Members of the United Auto Workers (UAW) Local 230 and their supporters walk the picket line in front of the Chrysler Corporate Parts Division in Ontario, California, on September 26, 2023, to show solidarity for the “Big Three” autoworkers currently on strike. Patrick T. Fallon | AFP | Getty Images DETROIT — The United Auto… Continue reading UAW again threatens to expand strikes at Detroit automakers if progress isn’t made by Friday
UAW leader condemns Trump ahead of Michigan visit during union strike
United Auto Workers (UAW) President, Shawn Fain addresses picketing UAW members at a General Motors Service Parts Operations plant in Belleville, Michigan, on September 26, 2023, as US President Joe Biden joined the workers. Jim Watson | Afp | Getty Images DETROIT – United Auto Workers President Shawn Fain doubled down on his criticism of… Continue reading UAW leader condemns Trump ahead of Michigan visit during union strike
UAW strikes threaten already vulnerable auto parts suppliers
Members of the United Auto Workers union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on Sept. 20, 2023. Bill Pugliano | Getty Images As the United Auto Workers’ strike against Ford Motor, General Motors and Stellantis moves through its second week, the economic effects are beginning to ripple through… Continue reading UAW strikes threaten already vulnerable auto parts suppliers
Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters President Joe Biden joined United Auto Workers members Tuesday on the picket line… Continue reading Biden stands with striking UAW autoworkers in Michigan, supports big pay raise
Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
watch now Rivian Automotive (RIVN) shot up 6% on Tuesday after Wall Street analysts made an upbeat call on the electric vehicle maker. Baird named Rivian a “bullish Fresh Pick,” expecting third-quarter deliveries to beat estimates, citing improving margins at the company and stronger underlying demand for its products. The research firm emphasized its outperform… Continue reading Jim Cramer thinks Rivian is a worth a look for investors looking to buy an EV stock
Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
Customers browse in a used car lot on Feb. 15, 2023 in Glendale, California. Mario Tama | Getty Images News | Getty Images As recently as 2019, used car shoppers could find a 3-year-old vehicle for about $23,000. That’s less likely today — in terms of both age and price. Pandemic-era manufacturing issues have since… Continue reading Used cars are older, pricier. 3 things to think about when shopping for a previously owned vehicle
UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
watch now DETROIT – Strikes by the United Auto Workers union against General Motors, Ford Motor and Stellantis will get the presidential treatment this week in Michigan. Twice, in fact. President Joe Biden visited a picket line Tuesday at a GM parts facility in Belleville following a public invitation Friday from UAW President Shawn Fain,… Continue reading UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Jim Cramer’s top 10 things to watch in the stock market Tuesday
1. U.S. stocks edge lower in premarket trading, with the S&P 500 down 0.57%, while government bond yields continue to hold steady. Is there any relief from the bond market’s tyranny? It’s been a remarkable rally in yields for the 20-year Treasury, which is at nearly 4.8% and is almost un-inverted. I have told Club… Continue reading Jim Cramer’s top 10 things to watch in the stock market Tuesday