2023 Ford Super Duty F-350 Limited Ford DETROIT — Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight increase in December. The Detroit automaker on Thursday reported sales of more than 1.9 million vehicles in 2022, including… Continue reading Ford pickup truck sales in December help narrow overall sales decline in 2022
Author: CNBC Online news
Amazon’s Alexa will soon help EV drivers find a charger
Alexa for EV charging Source: Amazon Amazon is betting that Alexa, its voice-activated virtual assistant, can help ease one of electric vehicle drivers’ biggest worries: finding a charging station while on the road. At CES on Thursday, Amazon announced a new collaboration with EVGo, one of the largest U.S. charging networks, that will soon allow Alexa… Continue reading Amazon’s Alexa will soon help EV drivers find a charger
Share of new car buyers with a monthly payment of more than $1,000 hits record high
watch now Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who… Continue reading Share of new car buyers with a monthly payment of more than $1,000 hits record high
Stellantis beefs up commitment to electric flying vehicle company Archer Aviation
watch now Stellantis is leaning into its bet on a future that includes flying cars. The Chrysler maker is doubling down on its commitment to help Archer Aviation produce its first batch of electric flying vehicles by 2025, announced Stellantis CEO Carlos Tavares and Archer CEO Adam Goldstein in an interview on CNBC’s Tech Check.… Continue reading Stellantis beefs up commitment to electric flying vehicle company Archer Aviation
GM reclaims title as America’s top automaker after a 2.5% jump in sales last year
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5%… Continue reading GM reclaims title as America’s top automaker after a 2.5% jump in sales last year
Rivian stock hits new 52-week low after the automaker misses 2022 production target
Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year. The EV startup late Tuesday said it produced 24,337 vehicles… Continue reading Rivian stock hits new 52-week low after the automaker misses 2022 production target
China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
watch now Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around the two U.S. technology giants. Tesla shares tanked 12% on Tuesday after the electric car maker reported deliveries that fell short of analyst expectations, while Apple dropped more than 3% as concerns resurfaced about demand for the… Continue reading China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
Ford says F-Series pickup continued its decadeslong dominance in 2022
2023 Ford F-150 Raptor R Ford DETROIT – The Ford F-Series continued its decadeslong U.S. sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday. Ford Motor reported sales of its F-Series, which includes the F-150 pickup and its larger siblings, surpassed 640,000 trucks last year – making it America’s… Continue reading Ford says F-Series pickup continued its decadeslong dominance in 2022
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla electric cars in Germany on March 21, 2022. Sean Gallup | Getty Images News | Getty Images Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Here are the key numbers. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 million Deliveries… Continue reading Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Cramer’s final thoughts for the year: Making sense of multiples amid a looming recession
The price-to-earnings multiples say recession. But the multiples said similar things in 2022. So how long can the multiples stay this low? We have all read dozens of articles about what 2023 will bring us. I think most are sincere. Their only drawback, as usual, is that they don’t touch on stocks themselves. They might… Continue reading Cramer’s final thoughts for the year: Making sense of multiples amid a looming recession