Categories
Business

Transportation Department is losing top auto safety regulator after a few months on the job

Dr. Steven Scott Cliff, nominee to be administrator of the National Highway Traffic Safety Administration, testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing in Russell Building on Thursday, December 16, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Transportation said on Friday that Steven Cliff, the head […]

Categories
Business

Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon

Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the latest signal that automakers […]

Categories
Business

How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales

Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]

Categories
Business

Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant material cost increases’

Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between […]

Categories
Business

Jim Cramer says to consider buying these 8 stocks now that commodity prices are down

CNBC’s Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios. “Oil’s down big, gasoline’s down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays,” he said. The “Mad Money” host earlier this week criticized […]

Categories
Business

Lordstown Motors expects limited production and deliveries of electric pickup in 2022

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first […]

Categories
Business

Cramer’s lightning round: Canoo is not a buy

MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.” Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.” Trade Desk Inc: […]

Categories
Business

Ford reports big jump in July sales, including for trucks and electric vehicles

Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, following a fire at a supplier’s plant in Japan that hurt its year-ago sales. The Detroit automaker said Wednesday its new vehicle sales rose […]

Categories
Business

Ford stock notches its best month since the Great Recession – and keeps rising

2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the automaker this year. Shares of the Detroit automaker closed Monday at $15.34, up 4.4%. The gains added to the stock increasing by 31.9% in July […]

Categories
Business

Ford is adding an off-road package to its hot-selling Maverick compact pickup

2023 Ford Maverick Tremor Source: Ford Ford Motor is adding a new off-road-ready package to its Maverick pickup in a bid to extend the sales success of its hot-selling small truck.   The new Maverick Tremor package includes a beefed-up, higher-riding suspension and a new all-wheel-drive system system powered by Ford’s 2-liter EcoBoost turbo four-cylinder […]