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☆ These summer stocks are loved by Wall Street and set to beat the market
▼ + stars: | 2023-05-24 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A pause in trading on Wall Street on Monday for the Memorial Day holiday doesn't mean investors need to wait to find summer stock plays. Analysts' mean price target implies 11.4% upside for the stock, while 64.3% of analysts covering Formula One Group rate it as a buy. Yum China has so far posted a more muted performance in 2023 with a 4.6% gain. Average analyst price targets imply nearly 27% upside for shares of Yum China. YUMC YTD mountain Yum China Holdings stock.

Organizations: Entertainment, CNBC, Vegas Sands, Liberty, Formula, Honda, Aston Martin, Liberty Media Group, Yum, Yum China Holdings Locations: Vegas, Nassau County , New York, China, Yum China

☆ I oversee car repairs at a dealership. Here's what you need to know about maintenance and how we do our job.
▼ + stars: | 2023-05-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Mike Wilhelm is a service and parts director at a car dealership in Michigan. He says drivers have some misconceptions about car repair and how EVs differ from gas-powered cars. Here's his advice for car repair and maintenance, as told to the reporter Alexa St. John. I would suggest car owners do a little bit of homework on car maintenance and why it's necessary so they can understand the importance of it. They took their car to an aftermarket mechanic, put four or five different parts on the car, and come to us saying no one's ever touched the car.

☆ Ford, GM and Toyota push into midsize pickup trucks, the latest battleground for U.S. automakers
▼ + stars: | 2023-05-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Midsize pickup trucks are following the lead of their larger, full-size counterparts such as the Ford F-150, Chevrolet Silverado and Toyota Tundra. While the Detroit automakers dominate large pickup truck sales, Toyota Motor is the clear leader in midsize pickup truck sales with its Tacoma. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019, when Ford and Jeep reentered the market, Edmunds reports. Edmunds reports the Detroit automaker's share of the U.S. midsize pickup segment last year was about 19%, followed by Stellantis ' Jeep Gladiator at 12.8% and the Nissan Frontier at 12.5%. Varying strategiesAutomakers' sales volumes speak to their diverging strategies in the midsize pickup truck segment.

☆ Driving Lamborghini's new off-road supercar
▼ + stars: | 2023-05-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I was driving a $380,000 Lamborghini Huracán Sterrato, and I couldn’t help laughing out loud. Lamborghini worked with Bridgestone to create tires using rubber similar to that on Lamborghini’s other performance tires, but with an off-road tread. The idea for it emerged while Lamborghini engineers and designers were having beers after a day driving off-road in a prototype of the Urus SUV. That was a lot of fun, they thought, but wouldn’t driving one of our all-wheel-drive supercars off-road be even better? Even those of us who can’t afford one should perhaps be glad the Lamborghini Huracán Sterrato exists.

☆ Japan's Hitachi Astemo flags lapses in quality tests over decades
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety tests for 88,000 small cars. Hitachi Astemo, which makes car and railway parts ranging from brake and damping systems to powertrains, worked with customers to redo tests on nearly 24 affected products following an investigation, Chief Executive Brice Koch told reporters. "We have now taken all the relevant measures to improve, to increase the robustness of our system and our company," Koch said, saying he did not expect any impact on growth or costs. The issues included reporting periodic test results to customers without running the actual tests on some products. Employees also ran tests on suspension systems at incorrect temperatures, a spokesperson said.

☆ Toyota, partners to start selling electric micro-vans by March 2024
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 18 (Reuters) - Toyota Motor Corp (7203.T) and two allied automakers unveiled a micro-sized electric van targeted at Japan's delivery industry on the sidelines of the Group of Seven (G7) summit in Hiroshima on Thursday. The small electric commercial van will run on a battery electric vehicle (BEV) system that Toyota is jointly developing with minivehicle specialists Daihatsu and Suzuki Motor Corp (7269.T), the companies said in a joint statement. The roll-out by Toyota, which owns 4.89% of Suzuki, and its partners also comes as other automakers in Japan are expanding their lineups with electric mini-commercial vans. Honda Motor Co Ltd (7267.T) said in December it would start selling a micro-sized commercial electric van with a target cruising range of 200km in spring 2024, as part of its effort to electrify its vehicle lineup. Mitsubishi Motors Corp (7211.T) in November re-launched its own small commercial van, Minicab-MiEV, which has a shorter cruising range of 133 km.

☆ PGA Championship: Eric Cole soars but Jon Rahm sinks in frost-delayed first round
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —American golfer Eric Cole raced into an early PGA Championship lead following a scintillating start at Oak Hill Country Club on Thursday. Now, on his PGA Championship debut and only his second major appearance, the 34-year-old is enjoying a look at the leaderboard. 1 is bidding to become only the fourth golfer – and the first since Jack Nicklaus in 1975 – to win both the Masters and the PGA Championship in the same season. Jordan Spieth will need a strong response if he is to achieve golfing immortality come Sunday, as the three-time major champion opened with a three-over 69. The American is a PGA Championship title away from becoming only the sixth men’s golfer to win all four majors in the modern era.

☆ Stellantis warns UK risks exodus of EV production under post-Brexit rules
▼ + stars: | 2023-05-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Stellantis manufactures Vauxhall, Fiat, Opel and other vehicles across two plants in the U.K., employing more than 5,000 people. It plans to move both toward majority and then 100% EV production as it rolls out electrification across its brands. "If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close," it said, citing previous decisions by BMW Group to relocate electric Mini production to China, and investments by Honda in EV production in the U.S. following the closure of its U.K. site. However, they will become progressively stricter in the coming years, rising to 45% and then 65% in terms of required domestic production. The company warned the U.K. does not have a sufficient supply of the materials needed to support vehicle battery production.

☆ Say goodbye to the US car market as we know it: Cheap Chinese EVs are coming
▼ + stars: | 2023-05-16 | by ( Nora Naughton | Tim Levin | ) www.businessinsider.com time to read: +6 min

After years of eyeing the American market, Chinese brands are poised to arrive. After years of preparation, Chinese car companies are poised to upend the US electric-vehicle market. Chinese EV manufacturers can gain a foothold in the US by coming in at a budget price point, analysts said. "I've driven a number of the Chinese EV brands, and boy oh boy, the Europeans are in trouble." The sheer size of the US car market means new entrants will need to build locally to compete seriously in the long term, he said.

☆ Asian stocks rise as US inflation cools
▼ + stars: | 2023-05-11 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

HONG KONG, May 11 (Reuters) - Asian shares rose on Thursday as investors cheered signs of easing inflationary pressure in the U.S. after data showed consumer prices in April rose at a slower-than-expected pace. read moreEarly in the Asian day, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.4%. A gauge of global stock markets rose and bond yields slid on Wednesday after data showed U.S. consumer prices in April rose at a slightly slower-than-expected pace, suggesting the Federal Reserve is succeeding in taming high inflation. The two-year Treasury yield, which typically moves in step with rate expectations, touched 3.9222% compared with a U.S. close of 3.901%. Oil prices rose in early Asian trade after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world's biggest oil producer and consumer defaulting on its debt.

☆ Battle for China's electric SUV market heats up at home and abroad
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +5 min

The trend will spread abroad with growing exports of China-made electric SUVs. The market for SUVs has boomed in China over the past decade and now represents almost 40% of all cars sold, with 400 SUV models of all fuel types. Legacy automakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Toyota (7203.T) are counting on new electric SUVs to bolster China sales. Tesla and Renault (RENA.PA) have already been exporting their China-made electric SUVs to Europe on a large scale. Chinese automakers have their own plans to grow electric SUV sales to Europe.

☆ Car Dealerships Are Struggling to Get EVs on Their Lots
▼ + stars: | 2023-05-10 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

But less than half of car dealerships had any EVs on their lots last year, according to the Sierra Club. Electric car adoption in the US is making headway, but still creeping up. Two-thirds of car dealerships in the US did not have a single new or used EV on their lots, according to a survey by the environmental nonprofit Sierra Club. Mercedes-Benz had the best EV availability among car brands, per Sierra Club — 90% of its dealerships reported having an EV available. But the shortage of EVs on dealership lots is also the result of a mix of supply chain constraints and automaker allocation of EVs to dealerships.

Wall Street and world markets cheered below-consensus U.S. inflation on Wednesday, but they may not be so accommodating if Chinese inflation on Thursday also undershoots forecasts. On the other hand, inflation in China is already extremely low and a sign that the world's second largest economy is struggling to generate demand, momentum and sufficient growth. Charlie Bilello, chief market analyst at Creative Planning, on Wednesday tweeted a list of 34 countries' annual consumer price inflation rates. China's 0.7%, the lowest since September 2021, was comfortably the weakest of them all, by almost two full percentage points. Producer price inflation figures will also be released on Thursday.

☆ Ford reveals its new global pickup truck
▼ + stars: | 2023-05-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —In America, “Ford truck” usually means the F-series, the best-selling truck here for decades. But in many parts of the world, it probably means the Ford Ranger. In terms of size and capabilities, it fits between the big F-150 and the small, car-like Ford Maverick. The Ranger Raptor, which will have big 33-inch diameter tires, is designed for high-speed off-road driving. The previous generation Ford Ranger was available in other markets for many years before Ford finally decided to sell it in North America.

☆ Honda say Marquez fit for French Grand Prix
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - Honda rider Marc Marquez will return at the French Grand Prix this weekend after recovering from a hand injury, the MotoGP team said on Wednesday. Marquez underwent surgery after breaking the first metacarpal on his right hand following a collision in the season-opening race in Portugal. "Now I am here and fully focused on riding, I have no worries about the injury since it's fully healed. Let's see what the French GP brings and most importantly, work to our maximum." The Spaniard has scored only seven points this season after finishing third in the sprint race in Portugal.

☆ Marquez will not serve penalty for Portugal crash, says FIM
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Honda rider Marc Marquez will not serve a double long lap penalty imposed for his crash with Miguel Oliveira in Portugal, the International Motorcycling Federation (FIM) said on Tuesday. Marquez was granted a stay of execution last month on the penalty imposed after the six-times premier class champion locked up and barged straight into Oliveira, with both crashing out in the season-opener. "Marc Marquez is hence allowed to compete in the next race in which he will be able to participate, without any further sanction," FIM said in a statement. Marquez, who won his last title in 2019, has scored only seven points this season after finishing third in the sprint race in Portugal. The 30-year-old is targeting a return at the next round at the French Grand Prix in Le Mans, which will host the 1,000th Grand Prix in history.

☆ Analysis: Battle for China's electric SUV market heats up at home and abroad
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +5 min

☆ Jo Muse, Advertising ‘Provocateur’ and Pioneer, Dies at 72
▼ + stars: | 2023-05-07 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Jo Muse co-founded a multicultural ad agency that served clients including Honda and Nike. Photo: Muse FamilyAs an advertising major at Michigan State University, Jo Muse was assigned to create an ad for a fictitious water-purification firm. Mr. Muse’s ad showed him urinating into a lake. Though the professor was unimpressed, classmates cheered. “It was clear to me then that being provocative sells,” Mr. Muse wrote in an unfinished memoir.

☆ China's Hozon to produce EVs in Thailand for Southeast Asian market
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

BANGKOK, May 6 (Reuters) - China's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub. Hozon signed an agreement with Thailand's Bangchan General Assembly this week to start production of its NETA V model, expected in 2024, Thai government spokesperson Tipanan Sirichana said in a statement. The EV maker launched its NETA V model in the Thai market last year and planned to start offering its NETA U and NETA S models in the near future, Tipanan said. (TSLA.O)Last month, a Thai official said China's Changan Auto (000625.SZ) would invest $285 million in a facility in Thailand. It has set a target that 30% of domestic auto production be EVs by 2030.

☆ Savadori to replace injured Oliveira at French GP
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Aprilia test rider Lorenzo Savadori will stand in for the injured Miguel Oliveira at next week's French Grand Prix, his RNF Racing team said on Thursday. Oliveira crashed on the opening lap of the Spanish Grand Prix at Jerez on Sunday, the Portuguese taken out by Yamaha's Fabio Quartararo and dislocating his left shoulder. Malaysia-based RNF Racing said doctors had repositioned the shoulder at the time but further assessments revealed a more severe injury. It will be the second time this season that Oliveira has missed a race after being downed by another rider. Savadori took part in the official MotoGP test with RNF at Jerez last Monday.

☆ Tee-k Tock: The ‘appalling’ slow play controversy riling golf’s biggest stars
▼ + stars: | 2023-05-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Koepka, whose frustrations with slow play lit the touchpaper of a fiery feud with rival Bryson DeChambeau in 2019, made no secret of his grievances. It does become frustrating when you are waiting so long.”1-on-1 with newly minted PGA Tour winner Matt Fitzpatrick 03:48 - Source: CNNFurther complaints came from beyond the confines of the PGA Tour. I was penalized on LPGA for slow play … and it forced me to speed up,” Alvarez said. “It’s not very pleasant to watch somebody stand over the ball for half an hour.”Nicklaus is not a fan of slow play. “We want to keep the focus where it should be: on world-class shot-making.”Solutions: Golf’s shot clock eraSo how do you solve a problem like slow play?

☆ Thailand in talks with CATL, others on potential battery plants, govt official says
▼ + stars: | 2023-05-03 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +3 min

"We are talking to many companies, not only CATL but many companies in the battery industry," said Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment (BOI). CATL, the world's dominant battery supplier with a 37% market share, currently has no production facilities in Southeast Asia, its website shows. In the past few years, Thailand has drawn investments from EV companies, mainly Chinese, including Great Wall Motors and BYD Co (002594.SZ). Narit said the government's goal was to direct support and subsidies to land larger battery production facilities. CATL currently has 13 battery production hubs, 11 in China, one in Hungary and one in Germany.

☆ 10 Things in Tech: AI-generated Drake songs, discounted startups, and Amazon’s upgraded Alexa
▼ + stars: | 2023-05-03 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and in this turbulent economy, I definitely want stability over most other things. And my colleague Grace Mayer highlights how retail, finance, and other (seemingly more stable) industries are piquing our interest instead. A leaked document viewed by Insider revealed that Amazon wants to focus on entertainment features for Alexa. The upgrade will feature Amazon's own generative AI technology instead of using OpenAI's technology (like how Microsoft paired ChatGPT with Bing). Bell dished to my colleague Ashley Stewart on why he made the move, how he met Satya Nadella, and more.

While other automakers like Volkswagen AG (VOWG_p.DE) have also been caught out by the sharp shift in China, Japanese automakers stand out because of their limited showing in the fast-growing category of electric and plug-in hybrid sales. Mitsubishi, like some other Japanese automakers, does not break out China sales figures. Industry data analysed by Reuters showed its first-quarter sales in China fell by 58% from a year earlier. Nissan Motor Co Ltd (7201.T) posted a 45.8% drop in China sales and Mazda Motor Corp (7261.T) sales were down 66.5% in the first quarter. "Japanese automakers could face a similar struggle in the United States as in China," he said.

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