The 2023 Alfa Romeo Tonale. Alfa Romeo New vehicles are becoming more troublesome, due in part to new technologies including safety systems, according to the 2023 edition of J.D. Power’s Initial Quality Study released Thursday. “The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of… Continue reading New technologies hurt car quality as EV brands fare poorly, J.D. Power says
Author: CNBC Online news
China’s new EV subsidies might not be enough to bolster slowing growth
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed stimulus plans Beijing has announced this year extends… Continue reading China’s new EV subsidies might not be enough to bolster slowing growth
Why GM is sunsetting the classic Chevrolet Camaro
When Francisco “Cisco” Mercado saw a bright yellow Chevrolet Camaro play one of the shapeshifting robotic superhero Transformers in the 2009 eponymous movie, he knew he had to have a real-life version. “My wife was sitting with me. I said, ‘We’re going to get that car,’” he told CNBC. “And she turned around and said,… Continue reading Why GM is sunsetting the classic Chevrolet Camaro
CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
It’s not unusual for a company’s stock price to soar — or sink — on news of a CEO shakeup. When Mary Dillon, revered on Wall Street for her eight-year run at Ulta Beauty (ULTA), was named to the top job at Foot Locker (FL) last year, the shoe retailer’s stock jumped 20% in a… Continue reading CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
‘I am a fan of Modi’: Elon Musk on his friendship with Indian Prime Minister Modi
Indian Prime Minister Narendra Modi (R) meets with Elon Musk (L) in New York, United States on June 20, 2023. (Photo by Indian Press Information Bureau (PIB) / Handout/Anadolu Agency via Getty Images) Indian Press Information Bureau | Anadolu Agency | Getty Images Tesla CEO Elon Musk says he is “incredibly excited about the future… Continue reading ‘I am a fan of Modi’: Elon Musk on his friendship with Indian Prime Minister Modi
Tesla secret configuration allows select drivers to use Autopilot, FSD without a nag to take the wheel
A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas. Brandon Bell | Getty Images A security researcher who uses the handle “@GreentheOnly” has discovered a secret setting in Tesla vehicles that can be enabled by the company and allows a driver to use Tesla’s advanced driver… Continue reading Tesla secret configuration allows select drivers to use Autopilot, FSD without a nag to take the wheel
Jim Cramer says he’s betting on Ford but still thinks Tesla is a buy
watch now CNBC’s Jim Cramer said Tuesday that many on Wall Street have it all wrong when it comes to legacy automaker Ford. “I think there’s real value here in Ford, more value than is captured by its $14 share price even with that 4.25% yield,” Cramer said. “Don’t get me wrong, you’ve got my… Continue reading Jim Cramer says he’s betting on Ford but still thinks Tesla is a buy
The market is still overbought, and Cramer is ‘still in sell mode.’ But that could change
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. ‘Still in sell mode’ Stay bullish on Nvidia Watch Ford 1. ‘Still in sell mode’ Stocks started the holiday-shortened trading week under pressure Tuesday, even as technology companies continued to… Continue reading The market is still overbought, and Cramer is ‘still in sell mode.’ But that could change
Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race
Sony Honda Mobility CEO Yasuhide Mizuno speaks at a news conference in Tokyo, on Oct. 13, 2022. Sony and Honda’s joint mobility venture unveiled a new EV prototype in January. Kiyoshi Ota | Bloomberg | Getty Images Japan is gearing up to be a larger player in the EV space by signing a critical minerals… Continue reading Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race
Toyota defies skeptics as stock seals best week since 2009
Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board. Shares of… Continue reading Toyota defies skeptics as stock seals best week since 2009