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
Author: CNBC Online news
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
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
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
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
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
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
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
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
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