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Author: CNBC Online news

Ford to restructure supply chain following $1 billion in unexpected quarterly costs

The restructuring will be led on an interim basis by Ford CFO John Lawler until a chief supply chain officer is selected, Ford said. Go to Source

Published September 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, People

Xpeng breaks out of a lower price range with its most expensive car to date

Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company’s foray into a higher price range. Go to Source

Published September 22, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, M and A

Marvell CEO tells Jim Cramer: We’re doing much better than our stock price suggests

Marvell’s Matt Murphy suggests Wall Street has recently misjudged both the Club holding’s present performance and future prospects. Go to Source

Published September 22, 2022
Categorized as Automotive, News Site, US Motoring Press

GM to close reservations for electric Hummer pickup, SUV after topping 90,000

The number of reservations is notable because of the starting prices of the vehicles, which range between roughly $85,000 and $111,000. Go to Source

Published September 21, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged GM

Car buyers pay 10% above the sticker price, on average — or more if you want a Jeep or Porsche

With inventory limited, some sought-after cars, including the Jeep Wrangler, Ford Bronco and Porsche Macan, are selling for at least 20% above the MSRP. Go to Source

Published September 21, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, VW

Xpeng says its next SUV could become the company’s new best-selling car

Chinese electric car start-up Xpeng’s newest model will likely sell better than its most popular car to date, according to Brian Gu, the company’s president. Go to Source

Published September 21, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles

Why Ford’s warning and stock drop do not derail our long-term belief in the company

Do you buy the dip in Ford shares or are these missed sales the company talked about gone for good? Go to Source

Published September 20, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford, Production/Sales News

Ford stock suffers worst day since 2011 after cost warning, shedding $7 billion in market value

Ford’s stock suffered its worst day in more than 11 years, after the company pre-released part of its third-quarter earnings report. Go to Source

Published September 20, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

GM to sell up to 175,000 electric vehicles to Hertz through 2027

GM is the latest automaker to strike such an agreement with Hertz following Tesla and Polestar, a Volvo-backed electric vehicle startup. Go to Source

Published September 20, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Electric vehicles, Geely, GM, Tesla, Volvo

3 of our big tech companies are holding events this week. Here’s what we’re looking for

Salesforce, Nvidia and Qualcomm will be hosting events this week that we believe could be catalysts for their stocks. Go to Source

Published September 20, 2022
Categorized as Automotive, News Site, US Motoring Press

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