Ford F-150 pickup trucks at a dealership in Colma, California, on Friday, July 22, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. The Detroit automaker on Wednesday reported sales of… Continue reading Ford’s October sales slide 10% amid supply chain issues
Author: CNBC Online news
Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still,… Continue reading Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ad giant IPG advises brands to pause Twitter spending after Musk takeover
The Twitter logo is seen on a mobile device in ths illustration photo in Warsaw, Poland on 30 October, 2022. Twitter is losing its most active users according to research done by Reuters. Despite the most impactful tweeters making up only 10 percent of the monthly users they are together responsible for 90 percent of… Continue reading Ad giant IPG advises brands to pause Twitter spending after Musk takeover
Our guide to semiconductor companies and how their chips run our everyday lives
The semiconductor, or chip, industry is perhaps one of the most important and complex sectors in the stock market to understand. Chips are in everything from our smartphones to cars and to all facets of computing, from PCs to massive data centers used for the cloud. Put simply, they are the bricks and mortar of… Continue reading Our guide to semiconductor companies and how their chips run our everyday lives
Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. Musk, who is CEO… Continue reading Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
Self-driving truck startup TuSimple fires its CEO over improper ties to a Chinese firm
TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple Self-driving truck startup TuSimple has fired its CEO, Xiaodi Hou, after an internal investigation found improper dealings and possible tech transfer to a Chinese firm led by TuSimple’s… Continue reading Self-driving truck startup TuSimple fires its CEO over improper ties to a Chinese firm
Derek and Hannah Jeter sign multiyear deal with Jeep to promote Grand Wagoneer SUV
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
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