GMC takes shots at rivals in new ad campaign for Sierra pickup

GMC takes shots at rivals in new ad campaign for Sierra pickup

The 2019 GMC Sierra AT4 Mack Hogan | CNBC DETROIT – General Motors is once again taking shots at its competitors’ pickup trucks in a new ad campaign for its GMC Sierra, highlighting the strength and toughness of its all-new carbon fiber pickup box. The Detroit automaker will air a new ad during the NFC … Read more…

Lululemon, Boeing, Tesla, Ford & more

Lululemon, Boeing, Tesla, Ford & more

Check out the companies making headlines before the bell: Lululemon (LULU) – The apparel maker raised its earnings and revenue guidance for the fourth quarter, citing holiday season momentum. Lululemon now expects a profit of $2.22 to $2.25 per share for the quarter, compared to a previous range of $2.10-$2.13 and a consensus estimate of … Read more…

GM buys Super Bowl airtime to resurrect an all-electric version of the Hummer, sources say

GM buys Super Bowl airtime to resurrect an all-electric version of the Hummer, sources say

General Motors’ Hummer was an SUV based on the design of the military vehicle known as the High Mobility Multipurpose Wheeled Vehicle, or “Humvee.” Joe Raedle | Getty Images DETROIT — General Motors is resurrecting the Hummer, buying Super Bowl airtime to debut an all-electric pickup version of its gas-guzzling, military-style SUV, which was discontinued … Read more…

Tesla market cap surges past GM, Ford as Musk dances into China

Tesla market cap surges past GM, Ford as Musk dances into China

DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.5 billion — … Read more…

Tesla price target raised to $556 by Argus Research, highest on Wall Street

Tesla price target raised to $556 by Argus Research, highest on Wall Street

Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations, … Read more…

Iran retaliation, Ford sales and service sector data

Iran retaliation, Ford sales and service sector data

Traders work on the floor of the New York Stock Exchange (NYSE) on the morning that online image board Pinterest Inc. makes its initial public offering on April 18, 2019 in New York City. Spencer Platt Here’s what you need to know about Monday before you head out for the weekend. Iran retaliation The dominant … Read more…

GM's 2019 sales decline on discontinued cars, lower Chevrolet sales

GM’s 2019 sales decline on discontinued cars, lower Chevrolet sales

The 2020 Chevy Silverado 4×4 Custom Crew Cab Mack Hogan | CNBC DETROIT – General Motors’ sales slipped in 2019 as it discontinued some models and demand for its profitable pickups and full-size SUVs fell. GM on Friday said it sold nearly 2.9 million vehicles last year, a 2.3% decline compared with 2018. That includes … Read more…

Americans bought fewer new vehicles in 2019, but spending to hit record

Americans bought fewer new vehicles in 2019, but spending to hit record

SUVs at a Chevrolet dealership in Oshawa, ON. Rene Johnston | Toronto Star | Getty Images DETROIT – Americans are expected to have bought fewer new vehicles last year than in recent years but spent a record amount on those new cars and trucks. Research and forecast firms Cox Automotive, Edmunds and J.D. Power/LMC Automotive … Read more…

Ford's electric Mustang crossover takes aim at Tesla, but purists furious

Ford says reservations are full for electric Mustang Mach-E

People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images Ford said on Monday reservations are full for the first edition of its electric sport utility vehicle, Mustang Mach-E. The No. 2 U.S. automaker unveiled the electric Mustang … Read more…

How energy storage could revolutionize industries in the next 10 years

How energy storage could revolutionize industries in the next 10 years

What a difference a decade can make. In 2010, batteries powered our phones and computers. By the end of the decade, they are starting to power our cars and houses too. Over the last ten years, a surge in lithium-ion battery production drove down prices to the point that — for the first time in … Read more…