Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting. Patrick T. Fallon | Bloomberg | Getty Images During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers… Continue reading In ‘shift,’ some car shoppers shun top-of-the-line models, analyst says. How to find an inexpensive new vehicle
Author: CNBC Online news
Tesla shares soar 10% after Morgan Stanley upgrade
SHANGHAI, CHINA – SEPTEMBER 06: Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Tesla shares rose more than 10% Monday after a Morgan Stanley upgrade,… Continue reading Tesla shares soar 10% after Morgan Stanley upgrade
Oracle reports earnings after the bell. Here’s where Jim Cramer is on the stock
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 Monday’s key moments. 1. Stocks were higher to kick off the week, especially the Nasdaq, as Club name Apple (AAPL) stabilized after last week’s decline on China concerns. Jim Cramer is out in San Francisco… Continue reading Oracle reports earnings after the bell. Here’s where Jim Cramer is on the stock
How electrified roads could help fix America’s electric vehicle charging problem
Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers’ most common reasons for not switching from gas to electric vehicles. But now, electric road… Continue reading How electrified roads could help fix America’s electric vehicle charging problem
Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla
Amazon was among a number of technology companies at the IAA motor show in Munich. The presence of Amazon, Qualcomm, Samsung and other tech giants underscores how traditional automakers are looking to bolster the tech in their cars. Arjun Kharpal | CNBC MUNICH — You’d be forgiven for thinking that the IAA, one of the… Continue reading Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla
How Elon Musk set Tesla on a new course for self-driving
The following is adapted from Walter Isaacson’s biography “Elon Musk,” publishing Sept. 12. On a Friday in late August of this year, Elon Musk got into his Model S at Tesla headquarters in Palo Alto, selected a random spot on his navigation screen, and let the car drive itself using its Full Self Driving technology.… Continue reading How Elon Musk set Tesla on a new course for self-driving
Stellantis offers 14.5% pay increase to UAW, days before possible strike
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis on Friday offered significant four-year wage increases to its hourly workers represented by the United Auto Workers, as it scrambles to avoid a… Continue reading Stellantis offers 14.5% pay increase to UAW, days before possible strike
Looming UAW strike puts ‘Union Joe’ Biden in a tough position
watch now WASHINGTON — President Joe Biden finds himself in a tough spot between his “Union Joe” persona and his aggressive climate goals as the United Auto Workers prepare to strike. The UAW, which represents 146,000 workers at General Motors, Ford and Stellantis NV‘s North America branch, is ready to strike if their demands are not… Continue reading Looming UAW strike puts ‘Union Joe’ Biden in a tough position
An overnight locksmith can cost $400. Here’s how much you might have to fork over for other emergencies
Bluecinema Picture this: You come home after a long day. As you approach your front door, you reach for your keys — but don’t feel them in your pocket. You quickly realize you’re locked out of your home. Luckily, on-call locksmiths are available to help. However, an emergency visit like this can cost as much… Continue reading An overnight locksmith can cost $400. Here’s how much you might have to fork over for other emergencies
Used vehicle prices may have bottomed for 2023 after August increase
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Prices of wholesale used vehicles may have bottomed for the year, as Cox Automotive said prices last month increased for the first time since March. Cox reported Friday its Manheim Used Vehicle… Continue reading Used vehicle prices may have bottomed for 2023 after August increase