An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.… Continue reading Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
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Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinder engine next April as the famed luxury carmaker transitions to electric vehicles. The British automaker of ultra-luxury performance cars said the… Continue reading Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
Solid fourth-quarter earnings push AutoNation stock to an all-time high
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images A solid fourth-quarter earnings report from AutoNation on Friday propelled the car dealer’s stock to a new all-time high and its best day in nearly three years. The Florida-based dealership group reported an… Continue reading Solid fourth-quarter earnings push AutoNation stock to an all-time high
Ford warned some F-150 Lightning owners about separate EV battery issue before this month’s fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this month isn’t the only problem the Detroit automaker has recently… Continue reading Ford warned some F-150 Lightning owners about separate EV battery issue before this month’s fire
CNBC Daily Open: Markets fall on hot economy — and chance of 0.5% interest rate hikes
James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. Luke MacGregor | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on… Continue reading CNBC Daily Open: Markets fall on hot economy — and chance of 0.5% interest rate hikes
CNBC Daily Open: Markets drop on hot economy — and chance of 0.5% interest rate hikes
James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on… Continue reading CNBC Daily Open: Markets drop on hot economy — and chance of 0.5% interest rate hikes
Tesla recalls 362,758 vehicles, says Full Self-Driving Beta software may cause crashes
Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. FilmMagic | HBO | Getty Images Tesla is voluntarily recalling 362,758 vehicles equipped with the company’s experimental driver-assistance software, which is marketed as Full Self-Driving Beta or FSD Beta, in the US,… Continue reading Tesla recalls 362,758 vehicles, says Full Self-Driving Beta software may cause crashes
EVs like the Tesla Model 3 and Toyota hybrids dominate Consumer Reports’ top auto picks
A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont. Robert Nickelsberg | Getty Images After years of being touted as a smarter option for car buyers seeking better fuel efficiency and lower costs, hybrids and EVs are getting a big endorsement from… Continue reading EVs like the Tesla Model 3 and Toyota hybrids dominate Consumer Reports’ top auto picks
Renault CEO questions wisdom of electric vehicle price cuts
Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets. “We’ve seen competitors moving prices up and down, etc., etc. this is their decision. But I don’t think it’s a very healthy practice in the long… Continue reading Renault CEO questions wisdom of electric vehicle price cuts
CNBC Daily Open: U.S. stocks don’t seem bothered by inflation, ignore jump in retail sales
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they… Continue reading CNBC Daily Open: U.S. stocks don’t seem bothered by inflation, ignore jump in retail sales