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March 7, 2021

General Motors Co

Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares despite saying price will hit $2,000

CNBC
CNBC – For more and to sign up click here Billionaire investor Ron Baron sold 1.8 million shares of Tesla during the last six months for clients despite believing the stock will increase to $2,000 over the next 10 years. Baron, a longstanding Tesla shareholder, said Thursday morning on CNBC’s “Squawk......

Detroit expands Covid vaccine eligibility to autoworkers

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CNBC – For more and to sign up click here Chrysler Jefferson North Assembly Plant in Detroit, Michigan Bill Pugliano | Getty Images DETROIT — Manufacturing employees in the city, such as autoworkers, are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of......

Tesla won’t be ‘king of the hill’ in electric vehicles forever, says ex-board member Steve Westly

CNBC
CNBC – For more and to sign up click here Steve Westly, a longtime Tesla bull and former board member, told CNBC on Tuesday that competition in the electric-vehicle sector has heated up and put significant pressure on the Elon Musk-led company. “I’ve been bullish on Tesla for the last......

Not just Tesla: Tech analyst says electric vehicle stocks could soar 50% this year

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CNBC – For more and to sign up click here CEO of Tesla Motors Elon Musk. Brendan McDermid | Reuters Electric vehicle stocks could climb up to 50% this year, according to Wedbush analyst Daniel Ives, who thinks there’s enough room in the market for more than just Tesla. “In......

Warren Buffett owns more of a Chinese electric car company than General Motors

CNBC
CNBC – For more and to sign up click here Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a larger stake in Chinese electric......

General Motors says worst of global chip shortage may be behind it

CNBC
CNBC – For more and to sign up click here General Motors employees work on the assembly line Friday, April 26, 2019 at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. The Fairfax facility produces the Cadillac XT4 and Chevrolet Malibu. Jim Barcus for GM General Motors executives believe......

AutoNation CEO: Range anxiety no longer much of a problem for most electric car owners

CNBC
CNBC – For more and to sign up click here AutoNation CEO Mike Jackson told CNBC on Tuesday he believes so-called range anxiety has become less of a worry for Americans buying an electric vehicle. Concerns about how many miles could be driven before a battery would need to be recharged has......

GM unveils all-electric Chevy Bolt EUV and redesigned, less-expensive Bolt EV

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CNBC – For more and to sign up click here 2022 BOLT EUV Source: Chevrolet General Motors is taking another step toward its zero-emissions future. The Detroit-based company unveiled a new, all-electric Chevy Bolt Electric Utility Vehicle, or EUV, alongside its newly redesigned Chevy Bolt Electric Vehicle on Sunday evening.......

General Motors invests $100 million in two U.S. plants to boost transmission production

CNBC
CNBC – For more and to sign up click here General Motors employees work on the assembly line Friday, April 26, 2019 at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. The Fairfax facility produces the Cadillac XT4 and Chevrolet Malibu. Jim Barcus for GM General Motors announced on......

Cramer calls on U.S. to build factories to address chip shortage, unemployment

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that the United States should fund the development of a chipmaking compound in efforts to address both the nation’s high unemployment rate and a chip shortage that’s affecting American businesses. More and more companies, including......

Why there’s a chip shortage that’s hurting everything from game consoles to cars

CNBC
CNBC – For more and to sign up click here A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic......

Stock futures flat after equities snap six-day winning streak

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CNBC – For more and to sign up click here U.S. stock were flat in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 25 points. S&P 500 futures gained 0.12% and Nasdaq 100 futures rose 0.1%. Better-than-expected earnings......

Here are all the Super Bowl ads that have been released so far

CNBC
CNBC – For more and to sign up click here Cheetos’ Super Bowl ad will feature a snack-themed rendition of Shaggy’s “It Wasn’t Me.” Frito-Lay This year’s Super Bowl will be an extravaganza of first-time Super Bowl advertisers. Super Bowl mainstay ads for such products as Pepsi, Coke and Budweiser......

An Apple car would increase pressure on Tesla and other automakers

CNBC
CNBC – For more and to sign up click here External View of the Apple store on Fifth Avenue on August 19, 2020 in New York City. VIEW press | Corbis News | Getty Images Tesla has been called “the Apple of the automotive industry” for the amount of technology......

Some Super Bowl commercials will strike a different tone this year due to the pandemic

CNBC
CNBC – For more and to sign up click here For advertisers, the Super Bowl typically represents a golden opportunity to have so many eyeballs at the same time and are actually are tuned in to watch the ads.  Of course, this year is anything but typical.  Advertisers appearing on......

Cramer’s week ahead: Fundamentals matter again after Reddit trading frenzy

CNBC
CNBC – For more and to sign up click here While the waves on Wall Street caused by Reddit traders appear to have subsided, the advances made in the stock market this week can be attributed to the impact of last week’s speculative trading frenzy, CNBC’s Jim Cramer said Friday.......

Fiscal stimulus prospects and strong earnings tailwind may propel stocks in the week ahead

CNBC
CNBC – For more and to sign up click here Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest......

Ford CEO confident in electric-vehicle strategy, says automaker won’t ‘cede the future to anyone’

CNBC
CNBC – For more and to sign up click here Ford Motor CEO Jim Farley on Friday touted the automaker’s electric-vehicle strategy, telling CNBC the company intends to strongly compete in the growing market segment. Farley’s comments on “Squawk on the Street” came one day after Ford reported better-than-expected fourth-quarter earnings.......

How ‘urgent’ Covid relief package consensus can be reached: Business Roundtable’s Josh Bolten

CNBC
CNBC – For more and to sign up click here Joshua Bolten David Hume Kennerly | Getty Images As the Biden administration and Republican lawmakers battle over the size of a pandemic relief package, corporate America is on the side of the new president and Democrats in Congress on going......

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