Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020. Rebecca Cook | Reuters Heads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models. “You’re going to see a lot more hybrid systems from us,” CEO Jim Farley… Continue reading As Ford loses billions on EVs, the company embraces hybrids
Author: CNBC Online news
The Investing Club’s top 10 things to watch in the stock market Friday
1. We’re watching the bond market Friday after Thursday’s spike in yields triggered a late-day reversal for equities, ending the Dow Jones Industrial Average‘s winning streak. The yield on the U.S. 10-year Treasury was down slightly in early trading, at just under 4%. 2. The Dow on Thursday ended its longest stretch of consecutive gains… Continue reading The Investing Club’s top 10 things to watch in the stock market Friday
As interest rates, inventory issues keep car costs high, what drivers are doing to make ownership possible
Westend61 | Westend61 | Getty Images Access to personal cars remains important to Americans despite the growing monthly cost of ownership. The average monthly auto payment reached $733, a new record, in the second quarter of the year, according to a report by auto site Edmunds. Seventy-eight percent of middle-income households earning between $47,000 and… Continue reading As interest rates, inventory issues keep car costs high, what drivers are doing to make ownership possible
A marathon, not a sprint: Mercedes-Benz CEO outlines challenges in shift to EVs
A Mercedes-Benz EQA photographed in Berlin on Jan. 20, 2021. Sean Gallup | Getty Images News | Getty Images The shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany’s Mercedes-Benz. Speaking to “Squawk Box Europe,” Ola Kallenius sought to highlight the huge challenge facing the… Continue reading A marathon, not a sprint: Mercedes-Benz CEO outlines challenges in shift to EVs
Vietnam’s EV maker VinFast set to break ground on delayed U.S. factory
VinFast is set to break ground on its delayed U.S. factory on Friday. Steve Russell | Toronto Star | Getty Images watch now Le acknowledged that there’s increasing competition in the U.S. market. “We think that there’s still a lot of room for new players. I think the U.S. consumers are open to new players,… Continue reading Vietnam’s EV maker VinFast set to break ground on delayed U.S. factory
Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed back production targets for its electric vehicles, citing slower-than-expected adoption. Ford… Continue reading Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford raises full-year guidance after solid earnings beat
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles even as adoption of EVs took hold slower than the… Continue reading Ford raises full-year guidance after solid earnings beat
Assessing the ‘complete turnaround’ for this Big Tech stock
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 Thursday’s key moments. Stocks rise on growth Stick with Meta Watch Ford earnings 1. Stocks rise on economic growth U.S. stocks climbed higher Thursday on the back of solid economic data and upbeat… Continue reading Assessing the ‘complete turnaround’ for this Big Tech stock
Nissan CEO spots key to cracking ‘challenging’ China market after demand slump
watch now Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing local brands, at… Continue reading Nissan CEO spots key to cracking ‘challenging’ China market after demand slump
Tesla under investigation by California attorney general over Autopilot safety, marketing
Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021. Julian Stahle | picture alliance | Getty Images The California attorney general’s office is investigating Tesla, seeking information from… Continue reading Tesla under investigation by California attorney general over Autopilot safety, marketing