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 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 need to know, no… Continue reading CNBC Daily Open: U.S. stocks don’t seem concerned about inflation, disregard jumping retail sales
Author: CNBC Online news
Ford F-150 Lightning EV production to be halted at least through end of next week
Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world’s 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 |… Continue reading Ford F-150 Lightning EV production to be halted at least through end of next week
Tesla commits to open 7,500 chargers in the U.S. to other electric vehicles by end of 2024
A Tesla, Inc. electric vehicle charges at supercharger location in Hawthorne, California, on August 9, 2022. Patrick T. Fallon | AFP | Getty Images The Biden administration wants to see at least 500,000 electric vehicle chargers on U.S. roads by 2030, and announced a slate of initiatives on Wednesday to help make that a reality,… Continue reading Tesla commits to open 7,500 chargers in the U.S. to other electric vehicles by end of 2024
Chinese EV startup Jidu plans to use ChatGPT-like tech
Visitors look at a Jidu Robo-01 electric SUV during the 20th Guangzhou International Automobile Exhibition at Canton Fair Complex on Dec. 30, 2022 in Guangzhou, China. Zou Wei | Visual China Group | Getty Images BEIJING — Baidu’s ChatGPT-like product is set to come to electric, assisted-driving cars, startup Jidu said Tuesday. Jidu, backed by… Continue reading Chinese EV startup Jidu plans to use ChatGPT-like tech
Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world’s 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 |… Continue reading Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
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 – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. Ford spokeswoman Emma Bergg declined… Continue reading Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
watch now Elon Musk remarked that he wouldn’t mind Tesla going bankrupt if it means a rival company builds a better car, according to a member of the firm’s board. “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up with a better car,” Hiromichi Mizuno, former chief… Continue reading Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC Automaker Ford on Tuesday said it intends to cut 3,800 jobs in Europe over the next three years to adopt a “leaner” structure as it focuses on electric vehicle production. The company plans to slash 2,300 jobs in production development and… Continue reading Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
CNBC Daily Open: U.S. markets rose, but might be surprised by January’s consumer price index
Michael H | Digitalvision | 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 need to know, no matter where they are. Like what you see? You can subscribe here. U.S. markets rose, expecting inflation to moderate further. They… Continue reading CNBC Daily Open: U.S. markets rose, but might be surprised by January’s consumer price index
Ford to move forward with $3.5 billion EV battery plant with Chinese company
watch now DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between Ford and Contemporary Amperex Technology Co., or CATL, follows Virginia Gov. Glenn Youngkin saying… Continue reading Ford to move forward with $3.5 billion EV battery plant with Chinese company