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As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies to South […]

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Lyft shares sink 9% on underwhelming fourth-quarter results

Lyft shares sink 9% on underwhelming fourth-quarter results

Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides

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Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Satellite communications company Globalstar listed on the Nasdaq on Tuesday after delisting from the New York Stock Exchange. “We did a reverse split — we’re a multibillion-dollar company but our stock price was down in the dollar-ish range,” CEO Paul Jacobs told CNBC’s Becky Quick on “Squawk Box.” “And people thought of us as a

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Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of

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A  million Bugatti and Michael Jordan’s BMW brought car auction company a record year

A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite

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How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59

How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59

Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during Stellantis Stellantis DETROIT — A CEO’s exit, electric vehicles making the industry run around like “headless chickens” and a company’s U.S. revival all came together to make Ram and Jeep parent Stellantis the only automaker with a Super Bowl

How a CEO’s exit and a Jeep ‘comeback’ led to Stellantis being the only automaker to advertise during Super Bowl 59 Read More »

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley on Wednesday said

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Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

2024 Lincoln Nautilus  Ford DETROIT — President Donald Trump’s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported roughly $15.4 billion

Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts Read More »

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