Twitter is suing Musk for pulling out of a deal he made to buy the company for around $44 billion. Go to Source
Author: CNBC Online news
Don’t expect a sudden turnaround on supply chain problems, top autos CEO says
Luca de Meo told CNBC that the sourcing of raw materials would continue to be an issue for automakers, but added that the company had grown more resilient. Go to Source
Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian shares plunged 49% in the second quarter after dropping 52% in the first three months of the year, pulling Amazon’s stake down by $3.9 billion. Go to Source
How an unknown Vietnamese carmaker is trying to beat Tesla in the U.S.
VinFast is an unknown Vietnamese automaker selling electric vehicles (EVs) in America. Top staffers hail from industry leaders such as BMW. Go to Source
Here are 4 things Ford CEO told Cramer that show the automaker’s strength
Ford CEO Jim Farley spoke with Jim Cramer after the automaker’s better-than-expected earnings report Wednesday. Go to Source
Self-driving start-up Pony.ai plans to mass produce robotrucks in China
Self-driving tech start-up Pony.ai announced plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Go to Source
Ford’s great quarter, dividend hike are why we’re willing to weather a tough year for the stock
This was a strong quarter for Ford, demonstrating the company’s ability to execute. Go to Source
Ford beats expectations and raises dividend as company sells more of its top models
Ford reported second-quarter results that beat Wall Street’s estimates for revenue and profit. Go to Source
What you need to know ahead of Ford’s earnings, especially after GM’s profit miss
Ford earnings come out after the closing bell Wednesday. Go to Source
Ferrari CEO shrugs off concerns about EV performance
Other luxury carmakers are also developing electrification strategies. Go to Source