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Among companies that advertised during the big game, these generated the highest positive social media activity as measured by LikeFolio.
The plug-in electric vehicle won praise from auto critics who heralded the car as an engineering marvel when it was introduced in 2010. The acclaim eased some of the pain from GM’s bankruptcy at the time and showed that Detroit could still develop an enviable vehicle. The Volt, though, was also a big money loser for GM.
General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker tries to deal with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GM as the company pivots from internal combustion engines in favor of building cars powered by batteries or hydrogen fuel cells. It helps make plug-ins such as the $36,000 Chevy Bolt more affordable at a time when competition from other electric vehicle makers is heating up.
Waymo is rapidly racking up the autonomous miles. More importantly, it's on the verge of commercializing its self-driving prowess.
Barring a last-minute hitch, Ford Motor and Volkswagen plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old.
The dividend yields for big automakers are juicy right now, but this might actually be the best auto dividend stock for a reason you may not know about.
DETROIT (AP) — General Motors' planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for "putting America on wheels," but the closure and job losses are not expected to stall-out Detroit's comeback since its 2014 bankruptcy exit.
Spoiler: That's never a good sign, and certainly not one in this case. Could it possibly be that Bud Light is losing relevance?
General Motors will probably turn a profit of more than $8 billion this year. The federal government is approaching trillion-dollar deficits. Perhaps Congress should ask CEO Mary Barra for tips on capital allocation rather than offer them.
President Donald Trump may not like it, but the flow of vehicles built in Mexico and sold in the U.S. is not slowing down. In fact, Mexico is on pace for a record year for auto exports to the U.S., with the total likely topping 2.5 million vehicles.
On December 7, Tesla (TSLA) posted a daily high of $379.44, not far from its all-time high of $389.61. The last time Tesla was hovering near this level was in August following Tesla CEO Elon Musk’s tweet that said, “Considering taking Tesla private at $420. It’s been some time now since Musk publically slammed Tesla short-sellers.
Coca-Cola's chairman Muhtar Kent, who announced Thursday he is retiring in 2019, said that he thinks we should change the story about declining soda sales.
Coca-Cola's outgoing chairman Muhtar Kent said that more volatility and more unknowns are making running a global business even tougher in an interview on CNBC's Closing Bell.
On December 7, Tesla (TSLA) stock continues to swim against the current for the second consecutive day. At 11:10 AM EST, the stock rose 2.5%—compared to the S&P 500’s (SPY) 1.0% losses. The NASDAQ Composite Index and the Dow Jones Industrial Average fell 1.5% and 1.2%, respectively.
The November jobs report showed non-farm payrolls rising 155,000 last month, far lower than what analysts had expected. Yesterday, US Commerce Department data showed the US trade deficit rising to a decade high amid record imports. Boosting jobs and addressing the country’s massive trade deficit have been two key tenets of President Donald Trump’s economic policy.
Although Sprint (S) has remained the fourth-largest US wireless service provider based on customer count, its cost-cutting initiatives and shift from a traditional subsidy model have paid off. In the first six months of fiscal 2018 (ending March 2019), the company realized ~$200 million in net reductions YoY (year-over-year) in costs of services and selling, general, and administrative expenses.
In the first quarter of fiscal 2019, AutoZone’s gross profit was $1.42 billion, ~3.8% higher than $1.36 billion in the first quarter of 2018. With this, the company’s gross margin came in at 53.7%, higher than 52.8% a year ago and 53.6% in the fourth quarter of fiscal 2018. AutoZone’s fiscal 2019 first-quarter adjusted net profit stood at $351 million, up 25.1% YoY (year-over-year), with a strong net profit margin of 13.3%.
AT&T (T) is on track to launch a new video streaming service in about a year. The service will be based mostly on the WarnerMedia assets AT&T purchased for $85.4 billion in a transaction that closed in June. At a recent analyst briefing, AT&T provided more details about its upcoming streaming service.
Sprint (S) has the highest postpaid phone churn rate in the US wireless space. In the second quarter of fiscal 2018 (ended in September), Sprint’s postpaid phone churn rate rose year-over-year to 1.73% from 1.59%.