Cummins Inc. CMI recently disclosed that its board of directors has authorized a common stock repurchase program of $2 billion. This announcement comes in as the company concludes its prior authorization of $2 billion, announced in 2019. The latest share repurchase program reiterates Cummins’ commitment to boosting shareholders’ value and showcases its confidence in its… Continue reading Cummins (CMI) Sanctions Share-Buyback Program Worth $2B
Tag: Tesla
AutoZone (AZO) Boosts Share Buyback Program on Stellar Results
AutoZone, Inc.’s AZO board of directors recently authorized the buyback of an additional $1.5 billion of its common stock related to its ongoing share-repurchase program. The company commenced its share-repurchase program in 1998. AutoZone’s board has authorized $29.2 billion in share repurchases in total to date, including the above amount. AutoZone, which had tapped brakes… Continue reading AutoZone (AZO) Boosts Share Buyback Program on Stellar Results
Waymo says test vehicle was in manual mode when it struck a pedestrian in San Francisco
A Waymo autonomous vehicle struck a pedestrian in San Francisco Wednesday night, according to a post on Reddit. A spokesperson for the Alphabet-owned company confirmed the incident on Twitter but clarified that the vehicle was in manual mode at the time of the collision. The incident took place in the Lower Haight neighborhood of San… Continue reading Waymo says test vehicle was in manual mode when it struck a pedestrian in San Francisco
The Bay Area start-up that’s changing automotive service for good, reflects on its first full year of operation
CUPERTINO, Calif., Dec. 16, 2021 /PRNewswire/ — Curbee, the car care company that comes to you, applauds its first full year in business. Notes Curbee CEO Denise Leleux, “This holiday season, we want to share our appreciation of the entire Curbee community for making 2021 extraordinary. We look forward to spreading the joy of hassle-free… Continue reading The Bay Area start-up that’s changing automotive service for good, reflects on its first full year of operation
EVERY THIRD NEW ELECTRIC CAR IN EUROPE DRIVES ON GERMAN ROADS
PFORZHEIM, Germany and MUNICH, Dec. 16, 2021 /PRNewswire/ — E-mobility in Europe is picking up speed – and is racing ahead more rapidly in Germany than in any other European country. One in three electric cars newly registered in 2021 drives on German roads, according to figures for the first ten months of this year. The… Continue reading EVERY THIRD NEW ELECTRIC CAR IN EUROPE DRIVES ON GERMAN ROADS
Buy NIO Stock Ahead of This Event, Says Analyst
No two ways about it, Nio (NIO) stock has been in a rut and unable to shake off the bearish sentiment. Shares are down 25% over the past month alone, due to a combination of factors, including the fear of US delisting for Chinese stocks and a generally tough environment for growth names. However, the… Continue reading Buy NIO Stock Ahead of This Event, Says Analyst
XPeng CEO details ‘explosion’ of electric vehicle adoption in China
China’s electric vehicle (EV) market has seen tremendous growth so far in 2021. “This year we certainly saw an explosion of EV penetration,” Brian Gu, president and vice chairman of XPeng Motors, a Chinese EV maker, told Yahoo Finance Live (video above). “So let’s say a year ago, it’s a roughly 5% penetration. And as… Continue reading XPeng CEO details ‘explosion’ of electric vehicle adoption in China
Paris crash Tesla driver says car accelerated on its own – lawyer
By Reuters Staff 3 Min Read PARIS (Reuters) – The lawyer for a taxi driver involved in a fatal accident in Paris at the weekend said the driver’s Tesla Model 3 vehicle had accelerated on its own and that its brakes had not worked. The logo of Tesla is pictured at a dealership in Chambourcy,… Continue reading Paris crash Tesla driver says car accelerated on its own – lawyer
Edmunds Experts See Significant Pent-Up Consumer Demand, Forecast 15.2 Million New Vehicles Will Be Sold in 2022
SANTA MONICA, Calif., Dec. 16, 2021 /PRNewswire/ — The car shopping experts at Edmunds say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate… Continue reading Edmunds Experts See Significant Pent-Up Consumer Demand, Forecast 15.2 Million New Vehicles Will Be Sold in 2022
Biden auto safety nominee vows to address jump in traffic deaths
Cliff has been a key figure in the Biden administration’s proposed rewrite of vehicle fuel economy standards through 2026 and is overseeing its safety investigation of electric car maker Tesla Inc. President Joe Biden’s nominee to serve as the top auto safety regulator will vow to address the massive increase in U.S. road deaths, according… Continue reading Biden auto safety nominee vows to address jump in traffic deaths