Rich Boyer was headed to Belvidere, Illinois, on Tuesday, where he planned to meet with UAW members from the Jeep Cherokee plant being idled there. He said he expected difficult conversations. “I’m going to look at a group of people who are heartbroken,” said Boyer, who took office in December as one of the union’s… Continue reading UAW, Stellantis execs play blame game as automaker cuts jobs to make up for EV costs
Category: US Motoring Press
New Mercedes E-class sedan will have artificial intelligence, Zoom calls, disco lights
Artificial intelligence and advanced entertainment and information features will adorn the next version of Mercedes’s E-class when the midsize luxury sedan debuts later this year. Mercedes recently provided a glimpse, showing an elaborately equipped interior while hiding the car’s exterior styling under a shroud. Some of the features are shared with Mercedes new EVs, including… Continue reading New Mercedes E-class sedan will have artificial intelligence, Zoom calls, disco lights
Formula 1’s Rookie Class of 2023
When the season kicks off on Sunday in Bahrain, three rookies will have achieved their dreams of grabbing seats in Formula 1. Logan Sargeant with Williams, the first American driver in the sport in almost 10 years; Nyck de Vries with AlphaTauri; and Oscar Piastri with McLaren are embarking on their first seasons. Piastri has… Continue reading Formula 1’s Rookie Class of 2023
Formula 1’s Many Changes at the Top
Formula 1’s off-season was unusual. It is natural for drivers to swap teams, and several indeed did, but for several team principals and senior executives to move around is rare. But before the season started, there were major changes. Mattia Binotto resigned from Ferrari and was replaced by Frédéric Vasseur, who had been the team… Continue reading Formula 1’s Many Changes at the Top
With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
There was a period during its record streak of eight consecutive world championships from 2014 to 2021 that Mercedes seemed unbeatable. Yet when new rules were introduced to Formula 1 last year, changing the car designs to provide better racing, Mercedes’ prospects strikingly changed. The team failed to adjust to the new rules as well… Continue reading With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
What’s next for Disney and Ford? Here’s our view on the latest news on both Club stocks
Walt Disney (DIS) and Ford Motor (F) could both be at inflection points. Here’s the latest news on both Club holdings as of Thursday, and our take on where things stand. Disney could sell Hulu The news: In a research note this week, analysts at Citi argued there’s an increased likelihood Disney could sell its… Continue reading What’s next for Disney and Ford? Here’s our view on the latest news on both Club stocks
Tesla’s plan to slash silicon carbide use sends some chipmakers’ shares down
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Shares in some chipmakers dipped on Thursday after electric vehicle maker Tesla said it plans to greatly reduce the use of silicon carbide transistors in… Continue reading Tesla’s plan to slash silicon carbide use sends some chipmakers’ shares down
Ford plans to restart production of the electric F-150 Lightning on March 13
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor plans to restart production of its electric F-150 Lightning pickup on March 13 – more than a month after a battery issue caused one of the… Continue reading Ford plans to restart production of the electric F-150 Lightning on March 13
Ford sales jump as supply chain issues improve
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor’s February sales increased by more than… Continue reading Ford sales jump as supply chain issues improve
Tesla shares down nearly 6% after investor day despite positive analyst sentiment
Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Tesla shares continued sliding Thursday, a movement that began the prior day during the company’s investor day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric vehicle manufacturer’s closed down Thursday over 5.8%, paring earlier losses, despite… Continue reading Tesla shares down nearly 6% after investor day despite positive analyst sentiment