Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9… Continue reading Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Author: CNBC Online news
Car repair costs are up almost 20% over the past year. Here are 6 reasons why
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of… Continue reading Car repair costs are up almost 20% over the past year. Here are 6 reasons why
GM blames supplier for slow EV production, says Chevy Bolt EV will live on
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up of GM’s new electric vehicles, after Wall Street criticized the… Continue reading GM blames supplier for slow EV production, says Chevy Bolt EV will live on
What new norm of slower Chinese growth could mean for the global economy
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government… Continue reading What new norm of slower Chinese growth could mean for the global economy
General Motors raises full-year guidance, announces deeper cost-cutting
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures through next year and… Continue reading General Motors raises full-year guidance, announces deeper cost-cutting
Jim Cramer’s top 10 things to watch in the stock market Monday
1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results, while extending the contract of CEO Mike Wirth. The United States’ second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full… Continue reading Jim Cramer’s top 10 things to watch in the stock market Monday
How EV range is determined and why the process is flawed
Chevrolet Bolt at EPA’s National Fuel and Emissions Lab How far an electric vehicle can drive on a single charge is one of the most closely watched numbers in the automotive world. The official government process used to test and certify those ranges has potential flaws. The U.S. Environmental Protection Agency has been testing vehicles… Continue reading How EV range is determined and why the process is flawed
Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest… Continue reading Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Lawmakers seek review of Ford partnership with Chinese battery supplier
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Lawmakers seek review of Ford partnership with Chinese battery supplier
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV… Continue reading EV battery plants emerge as wild card issue in UAW contract talks