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☆ Ford pickup truck sales in December help narrow overall sales decline
▼ + stars: | 2023-01-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Andrew Frick, Ford vice president of sales, distribution & trucks, said the company is "well positioned heading into 2023." Ford's 2022 sales outpaced the industry, which was estimated to be down by roughly 9%. Regarding all-electric vehicles, Ford said it was able to maintain its status as the country's second best-seller of EVs. Despite more than doubling its EV sales, Ford trails industry leader Tesla by a wide margin. The Ford brand's sales were down 2.1% last year, while the company's Luxury Lincoln brand was off by 4%.

☆ Jim Cramer's Investing Club meeting Thursday: Avoid expensive stocks
▼ + stars: | 2023-01-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Avoid expensive stocks Stocks continued their drop on Thursday after the December ADP private payrolls report indicated the labor market remains strong. Still a buyer of Ford Ford Motor (F) said Thursday that it sold more than 75,000 F-series pickups in December, a 20% increase compared to last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Auto Industry Expected to Post Worst U.S. Sales Year in More Than Decade
▼ + stars: | 2023-01-04 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

The U.S. auto industry is expected to report a decline in overall sales for 2022, a year that was challenging for car companies and buyers alike as supply-chain snarls left dealerships with little inventory to sell. On Wednesday, General Motors Co., Toyota Motor Corp. and other auto makers are scheduled to release their year-end sales results, in the midst of growing concern over an economic slowdown that could further damp demand for cars and trucks and put pressure on profits this year. Ford Motor Co. plans to report its 2022 sales on Thursday.

☆ Automakers won’t go back to normal
▼ + stars: | 2023-01-04 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 4 (Reuters Breakingviews) - For U.S. automakers, 2023 is all about trying to stay in their lane. That left 2021 at around 15 million sales; full-year 2022 sales are likely to come in at 13.7 million, according to Cox Automotive. But while supplies may return to normal, the industry might not follow suit. Automakers’ production may not return either, though. Some automakers may want a controlled exit from the pandemic – but getting everyone to play along is another matter.

☆ The $360 billion electric car battery market will determine the fate of electric vehicles
▼ + stars: | 2023-01-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. We've investigated how automakers are securing enough battery supply, especially amid the call for domestic sourcing brought on by requirements in President Joe Biden's climate bill. It just led a $400 million investment into the little-known EV battery startup that could make it work. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ The race to make electric cars cheaper is making electric cars more expensive
▼ + stars: | 2023-01-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Electric cars aren't exactly the most affordable right now. The world of batteries influences your EV's price tagAutomakers are pouring more than $515 billion into all-electric lineups over the next several years. Mercedes is only making newly launched cars electric starting in 2025. Scaling up will inherently make electric cars less expensive over time. But, driving costs back down, he says: "The lithium prices will trigger more supply to enter the market."

☆ The 4 best success tips CEOs shared this year—from Tim Cook to Delta’s Ed Bastian
▼ + stars: | 2022-12-31 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Here are some of the best success tips that top CEOs shared this year. And magic to be found in the service of others.”Claire Babineaux-Fontenot, Feeding America CEO Claire Babineaux-Fontenot, the CEO of Feeding America, knows the importance of giving back. Beth Ford, Land O'Lakes CEO Land O'Lakes CEO Beth Ford is no stranger to success. “Often, we think, ‘Nobody is going to see the good job I’ve done,’ or we’re scared to ask for help. Yet, if you do ask someone for help, or ask for what you want, people will reach out and give it to you.”

☆ Here’s our third-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2022-12-27 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.

☆ Electric vehicle sales hit a tipping point in 2022
▼ + stars: | 2022-12-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Bloomberg includes plug-in hybrids in its count of “electric vehicles,” but a large majority are purely battery-powered models. It’s unclear exactly why 5% seems to mark the point where EV sales really take off. The Mustang Mach-E, which hit the market in in 2021, was the first electric vehicle to take a notable chunk of Tesla’s still-dominant EV market share. The act, passed this year, changes the rules around which electric vehicles are eligible for consumer tax credits. Given their popularity and already high sales, incentive rules could help push EV sales significantly higher.

☆ EV stocks face another turbulent year, but some names are set for big gains, analysts say
▼ + stars: | 2022-12-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Electric vehicles remain hot Meanwhile, electric vehicles have a tailwind from new legislation. Meanwhile, Cantor Fitzgerald began coverage of Rivian on Dec. 20 with a $30 price target, which marks nearly 57% upside from Friday's close. The average analyst has a target price of $44.88 on the stock, reflecting potential upside of 134%, according to FactSet. Legacy automakers try to catch up Ford and General Motors are trying to gain ground within electric vehicle production. Goldman Sachs' Delaney said the firm currently prefers GM to Ford given its "head start" on electric vehicles.

☆ Venture capitalists’ pain could be humanity’s gain
▼ + stars: | 2022-12-22 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

A record $630 billion poured into venture capital investments that year. Now, as interest rate hikes tear into alternative assets, money going into innovation is being reallocated. Global VC funding fell to $329 billion in the nine months to September 2022, per a report from CBInsights, down 27% year-on-year. The liquidity crunch exposed governance flaws, dumb ideas and solutions looking for problems: metaverses, non-fungible images of bored apes, flying cars. Designing microscopic robots to fight disease and biochemical computers to outperform silicon chips entails higher upfront costs and longer commercialisation cycles than the consumer app plays many Silicon Valley backers are accustomed to.

☆ I drove hundreds of miles 'hands-free' in GM, Ford and Tesla cars – here's how it went
▼ + stars: | 2022-12-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

It aims to make Super Cruise available on 22 cars, trucks and SUVs globally by the end of 2023. When the steering-wheel light bar illuminates in green with GM's Super Cruise, drivers may remove their hands from the steering wheel. When Super Cruise did disengage, it would typically be available again minutes, if not seconds, later. Both Ford and GM systems would have likely hit a temporary concrete construction barrier if I hadn't taken over and disengaged on a large S-curve roadway near Detroit. Super Cruise and BlueCruise both disengaged several times for what seemed like no reason, only to reengage quickly after.

☆ Buying a car is finally easier — but watch out for high interest rates and lingering inventory issues
▼ + stars: | 2022-12-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Easing supply chain crises mean more vehicles on lots, used vehicle prices are down, and demand is normalizing. "There's really not a lot of ways to escape them unless you are willing to change the car that you're buying," Drury said. As far as luxury cars go, there aren't many deals to be found, he added. Used cars are displayed on the sales lot at Marin Acura in July 2021. Car-buyers might find a used vehicle could suit their needs while they hold out for lower prices surrounding new vehicles.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Morgan Stanley's top auto analyst Jonas sees tough year ahead for EVs, gives his top picks
▼ + stars: | 2022-12-14 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Analyst Adam Jonas is expecting a "challenging" 2023 for auto earnings on the back of declining demand and deflation – particularly for electric vehicle makers. But Jonas' price target implies the stock could gain 10.6% from where it closed Tuesday. Jonas cut the expected electric vehicle penetration forecasts for 2025 and 2030 to 11% and 26%, respectively, from 13% and 32%. Tesla and Rivian are both electric vehicle makers among his top picks. The stock, which is down 48.4% this year, has a price target that shows it could gain 34% over Tuesday's close.

☆ Fmr. Ford CEO Mark Fields on what Tesla's challenges may mean for legacy automakers
▼ + stars: | 2022-12-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Ford CEO Mark Fields on what Tesla's challenges may mean for legacy automakersFormer Ford CEO Mark Fields on the new competitive pressure faced by Tesla as large automakers introduce their own EVs. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Dan Nathan, Guy Adami and Bonawyn Eison.

☆ It took a full year, multiple calls to the dealership, and an angry tweet at Ford's CEO, to finally get my all-electric pickup truck delivered
▼ + stars: | 2022-12-12 | by ( George Pearkes | ) www.businessinsider.com time to read: +13 min

But the process of getting the truck was far from ideal — beset by production delays, missing parts, and unresponsive customer service. There are still a few kinks to be worked out before electric vehicles can dominate the US market — the road to an electrified American auto industry is going to be a bumpy one. For me, the most important driver for buying an electric vehicle was that it feels like a giant step toward a decarbonized future. While electric vehicles can borrow a lot of that institutional knowledge, new technology and business models mean there is still a way to go before everything is smooth sailing. Even without the prodding from the government, car companies have shown a keen interest in shifting their fleets toward electric vehicles for business reasons.

☆ A tense all-hands meeting at Google leaves employees worried about layoffs
▼ + stars: | 2022-12-12 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

Oh, and Insider released its inaugural Cloudverse list of the 100 top leaders building the next generation of the Internet. Insider's Hugh Langley reports on a tense all-hands inside Google, where employees once again pushed CEO Sundar Pichai to comment on the possibility of layoffs. Google employees have been worried about layoffs for a while, especially while pretty much all of the search giant's peers in Big Tech have cut jobs in recent weeks and months. Notably, employees used the all-hands to raise concerns over a new performance tool named GRAD. Swapping Big Tech for climate tech.

☆ Forget the F-150 Lightning and Hummer EV. Ford and GM's real battle is for electric delivery vans.
▼ + stars: | 2022-12-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But perhaps their real battle will happen with electric delivery vans. "But the electrification of the commercial vehicle market," he said, "I think is underappreciated." Now, government support through incentives has bolstered EV momentum, and as a result, companies looking for electric fleets will only ask for more. How electric delivery van-makers plan to nail this downFord and GM's inherent advantages over rivals include name recognition, robust supply bases, and ample resources. "We've seen over the decades how strong brand loyalty is in the commercial vehicle segment," said AutoPacific analyst Robby DeGraff.

☆ Ford unveiled a $1.7 million, track-only supercar with 800 horsepower — and it's only making 67 of them
▼ + stars: | 2022-12-09 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Its final sendoff is the $1.7 million Ford GT Mk IV, the most powerful GT to date. The Detroit automaker on Friday unveiled the 2023 GT Mk IV, an extremely limited, $1.7 million version of its GT supercar. The 2023 Ford GT Mk IV. The GT Mk IV is the most powerful GT to date, promising to crank out more than 800 horsepower from a unique twin-turbocharged engine. The 2023 Ford GT Mk IV.

☆ BMW fined by UK watchdog over information request
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] BMW logo is seen on a vehicle at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022. REUTERS/Bob Strong/File PhotoDec 8 (Reuters) - The UK's anti-trust regulator fined German luxury carmaker BMW (BMWG.DE) 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed information request related to an ongoing auto industry probe. BMW said in March it would respond to regulators' information requests but the CMA said that while the company's British unit had provided information, "the wider BMW Group has failed to comply fully with the CMA's legal request, and has claimed the CMA does not have jurisdiction." BMW said in an emailed statement that the "CMA does not have the legal power to compel foreign companies to produce documents held entirely outside the UK jurisdiction". The CMA said the daily penalty will continue to accumulate until BMW provides the requested information, or the watchdog issues an infringement decision, or closes the case.

☆ Automakers like Ford and GM are scrambling to make EVs cheaper as battery prices rise for the first time in years
▼ + stars: | 2022-12-07 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Battery prices have risen this year for the first time in a decade, according to BloombergNEF. A few potential solutionsFirst, auto manufacturers are working to establish battery supply in the US, as most American players have long relied on foreign supply chains. Establishing an EV battery supply chain can't be done overnight. And, any new EV battery mix comes with trade-offs. Because of the many challenges riddling the EV battery space, prospective car-buyers shouldn't expect automaker ideas to come to light in the form of lower EV prices quickly.

☆ GM battery plant workers to vote on union representation in labor test for the EV industry
▼ + stars: | 2022-12-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – The United Auto Workers union will for the first time this week attempt to organize a major electric vehicle battery plant for a Detroit automaker, potentially setting a precedent for similar multibillion facilities to come. The UAW's push into the battery plants comes amid a large labor movement that has included U.S. corporations like Amazon and Apple to Starbucks to Chipotle . Joint venture battery facilities are viewed as crucial for the UAW to grow and add members, as automakers such as GM transition to electric vehicles, which require less traditional labor and parts than cars with internal combustion engines. The Ultium plant in Ohio, which started production in August, is the first of at least four U.S. battery facilities for the GM-LG joint venture. Ford Motor , Stellantis and other automakers have announced similar plants, which would each have to be organized separately in addition to other Ultium plants.

☆ DHL buying Ford's electric cargo vans showcases Club holding's EV strategy
▼ + stars: | 2022-12-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

The news DHL will acquire 2,000 Ford E-Transit cargo vans by the end of 2023, the companies announced Monday. DHL— owned by Germany's Deutsche Post — said it has already received some of the E-Transit vans, adding them its global fleet of roughly 27,000 electric vans. Ford has sold roughly 5,800 E-Transit vans through November , and the vehicle has become the top-selling commercial vehicle in North America, according to the company. One of those is called Telematics, the official name for the fleet management software DHL will use under Monday's deal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Orders for the electric F-150 were so strong that Ford started building another factory next door to boost production
▼ + stars: | 2022-12-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Ford had to literally tear down the walls of its factory to cope with demand for the electric F-150. "That surprised us – I think it surprised a lot in the industry, how ready people already were for electric vehicles," says Darren Palmer, who heads up Ford's electric vehicle (EV) program. Darren Palmer speaks with customers in front of a Ford F-150 Lightning. Despite recently committing $50 billion to its EV program over the next four years, the success of an electric F-150 was never certain. The 2022 Ford F-150 Lightning Lariat.

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