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— CNBC's Michael Wayland - 5 Ford - 3 Tesla - 2 — - 2 Stellantis - 2 Mark Stewart - 2 Shawn Fain - 2 CNBC's Michael Wayland - 2
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Search resuls for: "CNBC's Michael Wayland"


9 mentions found


☆ Ford sales edge 1% higher in the second quarter, led by trucks
  + stars: | 2024-07-03 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com   time to read: +1 min
Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups and vans, totaled 308,920 vehicles during the period, the company's best second-quarter performance for the category since 2019, Ford said. Sales of Ford electric vehicles totaled 23,957 during the second quarter, up 61%. GM said total sales of 696,086 made for its highest quarterly sales mark since the fourth quarter of 2020. Auto industry forecasters including Cox Automotive and Edmunds expect second-quarter sales industrywide to be roughly flat year over year.
Persons: Ford, Edmunds, — CNBC's Michael Wayland Organizations: Ford, Motors, GM, Auto, Cox Automotive Locations: Chicago , Illinois
☆ Tesla loses its EV quality edge as repair problems continue to plague the market
  + stars: | 2024-06-27 | by ( Justine Fisher | ) www.cnbc.com   time to read: +3 min
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Last year, the U.S. EV leader received a rank of 257 problems per 100 vehicles, compared with 265 problems per 100 vehicles on average for EVs from traditional automakers. Across the broader industry, not just BEVs, Tesla has consistently ranked toward the bottom in initial quality since J.D. BEVs averaged 266 problems per 100 vehicles, 86 points higher than gas- and diesel-powered vehicles, which averaged 180 problems per 100 vehicles, according to the study. "It is not surprising that the introduction of new technology has challenged manufacturers to maintain vehicle quality," Hanley said.
Persons: Tesla, Power, Power Frank Hanley, Hanley, — CNBC's Michael Wayland Organizations: J.D, Tesla, Auto, Apple, Android Locations: Santa Monica , California, J.D ., U.S
☆ Rivian and Lucid shares plunge after weak EV earnings reports
  + stars: | 2024-02-22 | by ( Ryan Anastasio | ) www.cnbc.com   time to read: +2 min
Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian forecast it will make 57,000 vehicles in 2024, slightly less than the 57,232 vehicles the company produced last year. Rivian and Lucid make up a fraction of EV sales compared with the industry leader, Tesla. A Cox Automotive analysis found that Rivian accounted for just over 4% of EV sales in 2023, while Lucid made up 0.5%. Electric truck maker Nikola reported worse-than-expected revenue and a slightly better-than-expected loss per share in its earnings Thursday.
Persons: Lucid, RJ Scaringe, Peter Rawlinson, EVs, Tesla, Nikola, — CNBC's Michael Wayland Organizations: Wall, LSEG, Cox, EV Locations: Saudi Arabia
☆ Ford, UAW reach local labor deal to avert strike at Kentucky plant
  + stars: | 2024-02-21 | by ( Ryan Anastasio | ) www.cnbc.com   time to read: +1 min
Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023. Ford and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant. The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved. The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and safety. Workers at the plant produce Ford Super Duty pickups as well as Ford Expeditions and Lincoln Navigator SUVs.
Persons: Ford, —, — CNBC's Michael Wayland Organizations: Ford Super Duty, United Auto Workers, UAW, Workers, Ford, Ford Expeditions, Lincoln, Big Three, — Ford, General Motors, Local Locations: Kentucky, Louisville , Kentucky, U.S, Ford's Kentucky, Louisville
☆ Stellantis offers raises, inflation protection measures to UAW as strikes continue
  + stars: | 2023-09-16 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
The standoff between the UAW and major automakers Stellantis, Ford and General Motors reached a fever pitch Friday, with the union starting work stoppages after an agreement wasn't met by a Thursday night deadline. UAW President Shawn Fain said earlier this week that Stellantis had previously offered a 17.5% increase. Under the new proposal, starting pay for supplemental employees would increase by $4.22, or nearly 27%, to $20 an hour. Stellantis leadership also pushed back against the union's descriptions of the automaker's plans to close or sell 18 facilities. The company has said it aims to run parts distribution centers more efficiently and continue shifting resources toward electric vehicles.
Persons: Stellantis, Mark Stewart, General Motors, wasn't, walkouts, Shawn Fain, Ford, Jim Farley, Stewart, Joe Biden, — CNBC's Michael Wayland Organizations: United Auto Workers, Detroit, Ford, General Motors, UAW, General, GM, CNBC
☆ Stellantis offers 14.5% pay increase to UAW, days before possible strike
  + stars: | 2023-09-08 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com   time to read: +3 min
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. The automaker's offer would provide a 14.5% wage increase over the four-year term of the proposed deal for most of Stellantis's roughly 43,000 UAW-represented hourly workers. The proposed wage increase is larger than those offered to the union by rivals General Motors and Ford Motor, which offered raises of 10% and 9%, respectively. But the proposed deal still falls well short of the union's demands, which include a 40% hourly pay increase, a 32-hour workweek, and restoration of traditional-style pension plans, among other items. Only about 30% of Stellantis's UAW-represented workers — those hired before October 2007 — currently have pension plans.
Persons: Stellantis, —, Mark Stewart, Rich Boyer, Shawn Fain, CNBC's Michael Wayland Organizations: United Auto Workers, UAW, Mack Assembly Plant, Detroit, Union, America, CNBC, General Motors, Ford Motor, Stellantis's UAW, GM, Ford, America's Locations: Mack, Detroit , Michigan, U.S
☆ Watch CNBC's full EV panel discussion
  + stars: | 2023-07-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full EV panel discussionCNBC's Michael Wayland and Lauren Fix, Car Coach Report auto analyst, join 'Last Call' to talk the current state of the EV market and if the push to electric could have consequences on Detroit automakers.
Persons: Michael Wayland, Lauren Organizations: EV, Detroit
☆ Ford slashes prices on electric truck F-150 Lightning
  + stars: | 2023-07-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFord slashes prices on electric truck F-150 LightningCNBC's Michael Wayland and Lauren Fix, Car Coach Report auto analyst, join 'Last Call' to talk the current state of the EV market and if the push to electric could have consequences on Detroit automakers.
Persons: CNBC's Michael Wayland, Lauren Organizations: EV, Detroit
☆ Lidar maker Luminar announces 'multibillion dollar' expansion of its deal with Mercedes-Benz
  + stars: | 2023-02-22 | by ( John Rosevear | ) www.cnbc.com   time to read: +2 min
Lidar maker Luminar said Wednesday that Mercedes-Benz will incorporate its sensors and software in a "broad range" of vehicles starting mid-decade, in a significant expansion of an ongoing partnership between the two companies. Under the expanded deal, Mercedes-Benz will incorporate the next version of Luminar's Iris lidar into an upcoming partially automated driving system that will be made available on many future Mercedes models. The deal builds on one announced by the two companies in January 2022, in which Mercedes-Benz said it would incorporate Luminar lidar in upcoming high-end models. Luminar didn't disclose the expected production volumes, but the company did describe it as a "multibillion dollar" expansion of the earlier deal, and a Luminar spokesperson told CNBC that this new deal is "more than an order of magnitude bigger" than last year's deal with Mercedes-Benz. Luminar will unveil the next-generation version of its Iris lidar system when it reports its fourth-quarter and full-year results on Tuesday.
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