Derek Jeter will star with his wife, fashion model and television host Hannah Jeter, in the Grand Wagoneer’s new “Eyes Wide Open” campaign as part of a long-term partnership. Jeep DETROIT — New York Yankees legend Derek Jeter and his wife, Hannah Jeter, have agreed to a multiyear deal with Jeep to promote the company’s… Continue reading Derek and Hannah Jeter sign multiyear deal with Jeep to promote Grand Wagoneer SUV
Author: CNBC Online news
GM temporarily suspends advertising on Twitter following Elon Musk takeover
watch now DETROIT – General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to Musk’s Tesla, said it is “pausing” advertising as it evaluates Twitter’s new direction. It will continue to utilize the platform to interact… Continue reading GM temporarily suspends advertising on Twitter following Elon Musk takeover
Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees
The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis — created by the merger of France’s PSA… Continue reading Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees
Elon Musk plans Twitter content moderation council as questions about Trump return loom
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images After closing a $44 billion transaction to take Twitter private, Tesla and SpaceX CEO Elon… Continue reading Elon Musk plans Twitter content moderation council as questions about Trump return loom
Here’s a roundup of 8 price target changes we made in Club stocks after earnings
This earnings season has been a tough one for our big technology stocks — and as a result, we’ve lowered several of our price targets based on the companies’ latest quarterly reports, forward guidance and commentary. The current rising interest rate environment and the strong U.S. dollar — another 75-basis-point rate hike by the Federal… Continue reading Here’s a roundup of 8 price target changes we made in Club stocks after earnings
EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after… Continue reading EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. The results and comments followed concerns… Continue reading Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It… Continue reading Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Ford’s earnings beat, significant free cash flow mean we’re sticking with the auto stock
Ford Motor (F) reported an earnings beat for the third quarter, while demonstrating solid free cash flow — a key reason why the Club still backs the automaker. Go to Source
Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs
2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in… Continue reading Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs