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Recent Articles from Robert Ferris

Ford will stop selling commercial trucks in South America

CNBC.COM
– Ford will stop selling heavy trucks in South America, a region where the automaker has long struggled.The second largest U.S. automaker expects to...

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Elon Musk: Tesla will have all its self-driving car features by the end of the year

CNBC.COM
– Tesla will have the technology to pick up passengers and drive them to destinations by the end of the year, said CEO Elon...

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Electric truck start-up Rivian announces $700 million investment round led by Amazon

CNBC.COM
– Michigan-based Rivian, which aims to market electric pickups and sport utility vehicles, has secured new funding from Amazon and existing shareholders. Electric truck...

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Ford issues 3 recalls covering about 1.5 million Ford and Lincoln vehicles, citing accidents

CNBC.COM
– Ford is aware of five accidents involving a defect that can cause up to 1.48 million F-150 trucks to suddenly downshift to first...

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One of Tesla’s largest investors just increased its stake

CNBC.COM
– Tesla’s second-largest shareholder has added to its stake, months after praising the electric car maker. Tesla shareholder Baillie Gifford & Co. has just...

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GM says ‘we are already seeing savings from restructuring’

CNBC.COM
– GM expects to pull in about $2 billion-$2.5 billion in 2018 in cost savings in 2019. General Motors is already seeing some savings...

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Elon Musk sees ‘pretty nutty’ demand for Tesla in 2019 even if there’s a global recession

CNBC.COM
– Tesla CEO Elon Musk said the electric car maker is predicting “pretty nutty” growth in demand this year that will withstand a global...

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GM is going ‘all-electric,’ but it doesn’t expect to make money off EVs until early next decade

CNBC.COM
– GM CEO Mary Barra did not give many further details on the automaker’s electric vehicle efforts, including exactly when customers should expect an...

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Tesla shares fall after company posts 4Q profit that misses expectations, replaces CFO

CNBC.COM
– Tesla reported its second consecutive quarterly profit and better-than-expected sales, but its earnings fell short of analysts’ expectations. Tesla reported its second consecutive...

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Harley-Davidson shares tank after big earnings miss

CNBC.COM
– The motorcycle maker is battling declining sales as its core riders age, particularly in the United States, its largest market. The motorcycle maker...

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Tesla says it has enough cash to ‘comfortably settle’ its $920 million bond payment due March 1

CNBC.COM
– Tesla, which released its fourth-quarter earnings Wednesday, assured investors that it has enough cash on hand to handle a large bond payment due...

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Millennials may claim another victim: Harley-Davidson and the classic American motorcycle

CNBC.COM
– With sales at Harley-Davidson falling year after year, UBS analyst Robin Farley wonders if motorcycles have already had their cultural moment. The supposed...

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