Ford Motor (F) confirmed Monday what Jim Cramer has been speculating for weeks: Price cuts on its electric vehicles following similar moves by Tesla (TSLA). While engaging in this price war was necessary for Ford to stay competitive and maintain customer demand, we’re concerned about the dent the Club holding faces in profitability. Ford will… Continue reading Ford’s EV price cuts could pressure profitability, a headwind the automaker needs to address
Author: CNBC Online news
Ford and General Motors enter a new phase of uncertainty on prices and demand
Attendees view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York, on Friday, April 15, 2022. Jeenah Moon | Bloomberg | Getty Images DETROIT – Let’s talk about pricing power. At least, General Motors and Ford Motor likely will be doing that this week… Continue reading Ford and General Motors enter a new phase of uncertainty on prices and demand
Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford
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 Monday’s key moments. Stick to Dow stocks Watch wage inflation Monitor Ford price cuts 1. Stick to Dow stocks The S & P 500 and Nasdaq Composite fell on Monday ahead of a… Continue reading Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford
Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The… Continue reading Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead
Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images Automobile giants Renault and Nissan on Monday agreed to restructure their decades-long alliance, in a move that would see Renault’s shareholdings in Nissan… Continue reading Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Carmakers face a crossroads as they work to fit auto dealers into their EV plans
Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new electric vehicles, they face an existential question: how best to bring franchised auto… Continue reading Carmakers face a crossroads as they work to fit auto dealers into their EV plans
Tesla just notched its best week in a decade, as stock soars 33%
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares surged 33% this week, marking their best weekly performance since May 2013 and second best on record. The stock rose 11% on Friday to close at $177.88.… Continue reading Tesla just notched its best week in a decade, as stock soars 33%
Audi’s new EV is a luxury SUV with augmented reality that doubles as a pickup
Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future technologies for the Volkswagen luxury brand. The rear glass of the “Activesphere” vehicle can slide forward, opening the flatbed trunk of the SUV and creating… Continue reading Audi’s new EV is a luxury SUV with augmented reality that doubles as a pickup
Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares rose nearly 11% Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer’s outlook. Tesla cut prices at the… Continue reading Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk says a Chinese automaker will likely be second to Tesla: ‘They work the smartest’
Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Elon Musk said that a Chinese automaker is likely to be the closest competitor to Tesla, while stressing the company is “winning in China” right… Continue reading Elon Musk says a Chinese automaker will likely be second to Tesla: ‘They work the smartest’