The NH48 highway in India. The country’s electric car sector is small compared to other major economies like China and the U.S. Sw Photography | Digitalvision | Getty Images With a huge population, military and economy, India is viewed by many as country whose influence could grow significantly as the 21st century progresses. When it… Continue reading Auto giants are setting their sights on a new growth market for EVs: India
Author: CNBC Online news
UAW withholding Biden reelection endorsement until EV concerns are addressed
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, March 27, 2023. Rebecca Cook | Reuters DETROIT – Leaders of the United Auto Workers are withholding a reelection endorsement for President Joe Biden until the union’s concerns about the auto industry’s transition to all-electric vehicles are addressed, according to a… Continue reading UAW withholding Biden reelection endorsement until EV concerns are addressed
Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
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 Wednesday’s key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve’s announcement on interest… Continue reading Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Images Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures… Continue reading Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter following a dismal end of 2022, easing our concerns that the legacy automaker had lost its way. Automotive revenue for the three months ended March 31 increased about 21% year-over-year, to $39.09 billion, topping analysts’ forecasts of $32.08… Continue reading Ford restores faith with quarterly results, while Starbucks proves to be a China play
Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
DETROIT — Ford Motor on Tuesday reported first-quarter results that significantly topped Wall Street’s estimates, as the automaker’s fleet and legacy operations outweighed growing losses in electric vehicles. Despite the significant beat, Ford maintained its previously announced 2023 guidance, and the stock ticked lower in extended trading. related investing news Ford finance chief John Lawler… Continue reading Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
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 Tuesday’s key moments. Equities under pressure Watch Morgan Stanley Earnings on deck 1. Equities under pressure Stocks fell Tuesday morning, with all three major U.S. benchmarks down more than 1% . The drop… Continue reading Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
Ford cutting price of electric Mustang Mach-E by thousands of dollars
Ford Mustang Mach-E is presented at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Ford Motor is once again cutting the starting prices of its electric Mustang Mach-E by thousands of dollars, as the automaker increases production of the crossover and reopens… Continue reading Ford cutting price of electric Mustang Mach-E by thousands of dollars
Jim Cramer’s top 10 things to watch in the stock market Tuesday
1. DuPont (DD) delivers a first-quarter earnings beat Tuesday, with adjusted earnings-per-share (EPS) of 84 cents, compared with analysts’ forecasts of 80 cents per share. But the materials giant cut its full-year revenue forecast, sending shares nearly 5% lower in premarket trading. DuPont also says it’s agreed to buy Spectrum Plastics Group from AEA Investors… Continue reading Jim Cramer’s top 10 things to watch in the stock market Tuesday
Tesla hikes prices in U.S., China and other markets after multiple cuts
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence Lo | Reuters Tesla hiked the price of several cars in key markets, including the U.S. and China, after a number of cuts this year.… Continue reading Tesla hikes prices in U.S., China and other markets after multiple cuts