The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene, … Read more
A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis 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 matter where they … Read more
Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis 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 matter where they are. Like … Read more
Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state … Read more
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks … Read more
Switzerland-listed car parts manufacturer Autoneum’s share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. The stock also trades on U.S. exchanges. Autoneum manufactures … Read more
Happy Tuesday! It’s December 26, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Ed Begley Jr. On The Past And Present Of Electric Vehicles 1st Gear: 2024 Will Be A … Read more
