Photo:: Hyundai: Stellantis thinks it can make a lot of money in India, midsize SUVs did mostly fine in a new side crash test, and Elon Musk. All that and more in: The Morning Shift: for May 18, 2022. 1st Gear: Hyundai: It wasn’t two days ago: when we were talking about Hyundai being a … Read more
White House chief of staff Ron Klain says the White House is “absolutely” and “strongly” considering having President Joe Biden invoke the Defense Production Act to address the urgent baby formula shortage problem plaguing the country. (Paul Hennessy, Associated Press) Estimated read time: 6-7 minutes: SALT LAKE CITY – Utah health experts addressed growing concerns … Read more
Photo:: Joe Raedle: (Getty Images:) Carvana is presently forbidden from selling cars in the land of Lincoln, Rivian is suing its seat supplier and Tesla’s closing the order books for a vehicle it was supposed to start manufacturing six months ago. All that and more in: The Morning Shift: for Tuesday, May 17, 2022. 1st … Read more
Ernie Garcia, CEO, Carvana: Scott Mlyn |: CNBC: Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more
Photo:: Hyundai: Audi, Tesla, GM, Ford, Stellantis, and probably everyone else are having production issues, while Hyundai could be a sleeping EV giant. All that and more in: The Morning Shift: for May 16, 2022. 1st Gear: Hyundai: Now, before anyone gets too upset, I’d like to recognize that Hyundai’s EVs and Tesla’s cars are, … Read more
SAN ANTONIO – Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, … Read more
Photo:: Mercedes: Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in: The Morning Shift: for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong: I’m not really sure what to make of this, other than: virtually any new car today … Read more
Uber posted a $ 5.9 billion loss in the first quarter of 2022. Philip Pacheco |: AFP via Getty Images: Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I … Read more
Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more
A Cosco Shipping container ship is seen at the Yangshan Deep Water Port amid the coronavirus disease outbreak in Shanghai, China on April 24. (Str / Reuters) Estimated read time: 7-8 minutes: ATLANTA – Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and … Read more
