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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

Published July 29, 2022
Categorized as Automotive, News Site, US Motoring Press

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

Published July 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, People, Production/Sales News

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

Published July 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged BMW, Electric vehicles, Production/Sales News, Tesla

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

Published July 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Ford

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

Published July 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Autonomous, Manufacturing, Mobility, Production/Sales News

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

Published July 28, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, Ford

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

Published July 27, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, Ford

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

Published July 27, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, Ford, GM

Ferrari CEO shrugs off concerns about EV performance

Other luxury carmakers are also developing electrification strategies. Go to Source

Published July 26, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged FCA, Ferrari

General Motors falls short of Wall Street expectations as supply chain challenges dent profit

GM reported second-quarter earnings that missed Wall Street’s estimates after the company was unable to ship nearly 100,000 vehicles by quarter-end. Go to Source

Published July 26, 2022
Categorized as Automotive, News Site, US Motoring Press Tagged Financial Results, GM

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