Tag: Morgan

Wall Street sours on Hackett’s Ford

DETROIT — To hear Wall Street tell it, Ford Motor Co. is in dire straits. Ford shares last week fell under $11, lower than when Jim Hackett became CEO last May, despite big gains for the broader market in those eight months. Ford’s earnings outlook for the year dimmed in light of lower-than-expected 2017 results.… Continue reading Wall Street sours on Hackett’s Ford

Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus

Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus

CEO Jim Hackett pushing Ford team as investors watch with caution

Ford Motor Company President and CEO Jim Hackett speaks during the Ford presentation at the 2018 North American International Auto Show in Detroit January 14, 2018. (Photo: Maury/EPA-EFE/REX/Shutterstock) Ford CEO Jim Hackett, eight months into his role, brings an unconventional approach to the auto industry, which leaves colleagues inspired and observers sometimes a bit confused. He has… Continue reading CEO Jim Hackett pushing Ford team as investors watch with caution

India: CarTrade acquires majority stake in Shriram Automall for $24.5m

January 24, 2018 Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform. CarTrade will acquire shares in SAMIL from Shriram Transport Finance Company Limited (STFC), the latter said in a BSE… Continue reading India: CarTrade acquires majority stake in Shriram Automall for $24.5m

Australia’s first hypercar? The Quantum GP700 was built in a shed

Great Britain is pretty marvellous at building tiny, lightweight pocket rockets on a slim budget and in difficult circumstances – just think of the Ariel Atom, the Noble M600, or Morgan. Now, Australia’s getting in on the action with this – the Quantum GP700. The brainchild of Melbourne-based Jeff David, the Quantum has some serious… Continue reading Australia’s first hypercar? The Quantum GP700 was built in a shed

Fiat Chrysler boosted by Jeep growth expectations

MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations

Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

PLYMOUTH, Mich., May 18, 2018 /PRNewswire/ — Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced the appointment of Peter H. Carlin to Adient’s Board of Directors, effective June 4, 2018. “We are pleased to welcome Peter to Adient’s Board of Directors,” said Bruce McDonald, Adient Chairman and Chief Executive Officer.  “Over the… Continue reading Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

Auto duties are not off the table

D onald Trump threatens with additional duties on cars and car parts. The consequence of this would be grave, especially compared to the import surcharges for steel and aluminum, which the American president has already set in motion for manufacturers from Europe. The stock market development of BMW, Daimler and Volkswagen speaks for itself –… Continue reading Auto duties are not off the table