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July 4, 2022

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There’s a massive pile-up of car, furniture exports bound for U.S. and it’s spreading across European ports

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CNBC – For more and to sign up click here Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the U.S. that will take months to clear out. According to the bills of lading found through ImportGenius, some of......

GM’s quarterly sales fall but show improvement from beginning of year

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CNBC – For more and to sign up click here The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15% in the second quarter from a......

Raw material costs for electric vehicles have doubled during the pandemic

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CNBC – For more and to sign up click here Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Raw material costs for......

How GM, Ford and Tesla are tackling the national EV charging challenge

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CNBC – For more and to sign up click here More people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up six-fold since 2016, but the number of EVs is still a very small slice of the more than 280......

Jokowi lays out his pitch for why Elon Musk should invest in Indonesia

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CNBC – For more and to sign up click here Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles “end to end” in resource-rich Indonesia. Angela Weiss | AFP | Getty Images President Joko Widodo denied that Indonesia......

Inflation and recession fears are squeezing some industries more than others

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CNBC – For more and to sign up click here A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still......

We’re maintaining our 2 rating on Ford after its CFO shares near-term outlook

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CNBC – For more and to sign up click here Ford (F) said Wednesday that consumer demand for its new cars remains “very robust,” while acknowledging that supply chain disruptions from China’s lockdowns and higher commodity costs remain major challenges. The automaker has taken orders for more than 300,000 vehicles......

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles

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CNBC – For more and to sign up click here The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles......

U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context

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CNBC – For more and to sign up click here The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles have accounted for......

BYD is selling so many electric cars it’s become one of the top three automakers in China

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CNBC – For more and to sign up click here One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more......

GM’s stock closes below IPO price for first time since October 2020

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CNBC – For more and to sign up click here Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – Shares of General Motors......

Latest Shanghai quarantines add more pressure to global supply chain

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CNBC – For more and to sign up click here Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The mass quarantine measures imposed this......

CEOs of GM, Ford and other automakers urge Congress to lift electric vehicle tax credit cap

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CNBC – For more and to sign up click here The all-electric Chevrolet Silverado at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – The CEOs of General Motors, Ford Motor, Chrysler parent Stellantis and Toyota Motor North America are urging Congress to lift the......

QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting

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CNBC – For more and to sign up click here A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.......

Solid Power, backed by Ford and BMW, begins pilot production of innovative EV battery with longer range and quicker recharging

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CNBC – For more and to sign up click here Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell. Solid Power Solid Power, a Colorado-based battery start-up backed by BMW and Ford Motor, said it has begun pilot production of an innovative......

Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction

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CNBC – For more and to sign up click here Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla CEO Elon Musk said in an email to all employees at the electric vehicle maker on Friday......

Here’s our June rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio

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CNBC – For more and to sign up click here The CNBC Investing Club held its “Monthly Meeting” for June on Thursday. Here’s an updated view for all the stocks in the portfolio. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Ford to add over 6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang

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CNBC – For more and to sign up click here Ford Mustangs go through assembly at the Ford Flat Rock Assembly Plant August 20, 2015 in Flat Rock, Michigan. Getty Images Ford Motor said Thursday that it will add about 6,200 union jobs in the Midwest as it revamps three factories......

Ford CEO expects industry consolidation as transition to electric vehicles fuels costs

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CNBC – For more and to sign up click here Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT – Ford Motor CEO......

Autoworker union accuses GM joint venture of denying access to organize workers

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CNBC – For more and to sign up click here Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union is accusing......

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