New cars are finally back in stock — but Americans might not be able to afford them

Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to… Continue reading New cars are finally back in stock — but Americans might not be able to afford them

Geopolitical tensions with the U.S. could ‘supercharge’ China’s innovation, JPMorgan says

An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more. VCG | Visual China Group | Getty Images U.S.-China tensions have… Continue reading Geopolitical tensions with the U.S. could ‘supercharge’ China’s innovation, JPMorgan says

The climate investor who bet right on ExxonMobil on how to stay ahead of the market for the next decade

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset few saw coming. What Engine No. 1 decided to do next was maybe… Continue reading The climate investor who bet right on ExxonMobil on how to stay ahead of the market for the next decade

Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a… Continue reading Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles

More car buyers pay at least $1,000 a month for their loans as high prices, rate hikes throw ‘a one-two punch’

Skynesher | E+ | Getty Images A growing share of car buyers are signing up for monthly loan payments of $1,000 or more amid rising interest rates and elevated auto prices, new research shows. Overall, 14.3% of consumers who financed a new vehicle in the third quarter committed to payments at or above that amount,… Continue reading More car buyers pay at least $1,000 a month for their loans as high prices, rate hikes throw ‘a one-two punch’

Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can

A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup… Continue reading Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can

Ford hikes starting price of its electric F-150 Lightning pickup for second time in less than two months

Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.  Bill Pugliano | Getty Images DETROIT — Ford Motor is increasing the starting price of its electric F-150 Lightning pickup by $5,000 for the 2023 model year, citing rising costs and supply chain issues.… Continue reading Ford hikes starting price of its electric F-150 Lightning pickup for second time in less than two months

Ford to end production of $500,000 GT supercar with special edition

2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. The Detroit automaker on Wednesday said the 2022 Ford GT LM Edition will be the last model of the third-generation car, which… Continue reading Ford to end production of $500,000 GT supercar with special edition

3 of our stocks, including Ford, are in the news. Here’s the Club’s take on the headlines

Three Club holdings — Ford (F), Disney (DIS) and Starbucks (SBUX) — were in the news Tuesday. Here’s our take on the headlines. The news: Ford announced a year-over-year sales decline of 8.9% in September. But with numbers from the final month of the third quarter in, the company’s sales on a quarterly basis rose… Continue reading 3 of our stocks, including Ford, are in the news. Here’s the Club’s take on the headlines

Ford’s sales up 16% in third quarter, despite September decline

Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month,… Continue reading Ford’s sales up 16% in third quarter, despite September decline