Automakers up NFL advertising after pullback

Automakers up NFL advertising after pullback

Toyota’s “We Roll Deep Anthem” spot includes fans and NFL stars “setting off on an adrenaline-packed NFL adventure.” Screenshot Automakers are rushing back into advertising during the National Football League season after a slowdown in recent years. Toyota Motor Corporation, Hyundai Motor Company and the Detroit automakers are among those expected to capitalize on the … Read more

UAW president slams Stellantis CEO over job cuts, alleged price gouging

UAW president slams Stellantis CEO over job cuts, alleged price gouging

UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023.  Rebecca Cook | Reuters DETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon, accusing the chief executive of price gouging consumers and failing to … Read more

Wall Street rebounds, earnings and inflation data on deck

Wall Street rebounds, earnings and inflation data on deck

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Prequels, sequels and pixie dust

Prequels, sequels and pixie dust

Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 4, 2023. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more

Stellantis laying off 2,450 workers due to outgoing Ram pickup

Stellantis laying off 2,450 workers due to outgoing Ram pickup

The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018. Brendan McDermid | Reuters DETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 … Read more

Trump, Musk alliance could threaten Harris in 2024 election

Trump, Musk alliance could threaten Harris in 2024 election

NASHVILLE, Tenn. —  Former President Donald Trump’s highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late. As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in Nashville, Elon Musk’s private jet was touching down 200 miles away in Memphis, Tennessee. It … Read more

Ford turns fleet business into profit driver. GM, Stellantis want in

Ford turns fleet business into profit driver. GM, Stellantis want in

2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s … Read more

Another Deadly Airbag Recall Could Hit 49 Million Cars

Another Deadly Airbag Recall Could Hit 49 Million Cars

Good morning! It’s Thursday, August 1, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Max Burkholder’s First Car Was A Recall Nightmare 1st Gear: U.S. Pushes For Recall Of 51 Million Faulty … Read more

Stellantis to offer buyouts to U.S. salaried workers

Stellantis to offer buyouts to U.S. salaried workers

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China’s Zhejiang province on May 14, 2024.  – | Afp | Getty Images DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as … Read more

Asian shares slide, U.S. stocks flat

Asian shares slide, U.S. stocks flat

Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 22, 2024. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more