About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
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Workers at Tesla’s California car factory have been working so hard they are passing out on the production line, say employees.
A source familiar with the plan told CNBC Ford’s cuts will involve primarily salaried workers in North America and Asia.
Bill Ford’s comments come amid reports the automaker’s board is scrutinizing the business plan of CEO Mark Fields.
Tesla’s solar roof costs slightly less than what Consumer Reports deemed would be necessary to compete with conventional roofing materials.
Ford is laying off 130 workers and cutting production of its medium-duty pickup trucks in Avon Lake, Ohio.
China’s government wants more electric vehicles on the roads but consumers remain hungry for SUVs, forcing automakers to get innovative with their offerings.
Ford, GM and Honda report an increasing reliance on truck and SUV sales as U.S. sales of cars continue to slip.
Safety in cars is the primary factor driving car sales, which means the Model 3 could be a huge seller, said Morgan Stanley’s Adam Jonas.
In the fourth quarter, the average amount borrowed to pay for a new vehicle jumped more than $1,000 to hit a total of $30,621.
For the second straight year, owners of vehicles at least 3 years old are reporting more problems with their cars, trucks and SUVs.
The country last year recorded its steepest two-year increase in motor vehicle deaths in more than 50 years.
Tesla CEO Elon Musk has rubbished claims that workers had been underpaid and often suffered preventable injuries.
The automaker earned $1.28 per share in the fourth quarter on revenue of $43.91 billion.
Morgan Stanley analysts raise Tesla’s price target to $305 from $242 by the fourth quarter.
Tesla’s Autopilot is not psychic, but radar may have given it the ability to see what was happening a few cars ahead of it.