Hyundai and Kia Say They Will Spend Billions More On EVs

Hyundai and Kia Say They Will Spend Billions More On EVs

Photo: Hyundai Stellantis thinks it can make a lot of money in India, midsize SUVs did mostly fine in a new side crash test, and Elon Musk. All that and more in The Morning Shift for May 18, 2022. 1st Gear: Hyundai It wasn’t two days ago when we were talking about Hyundai being a … Read more

Experts spell out do’s and don’ts for parents amid baby formula shortage

Experts spell out do’s and don’ts for parents amid baby formula shortage

White House chief of staff Ron Klain says the White House is “absolutely” and “strongly” considering having President Joe Biden invoke the Defense Production Act to address the urgent baby formula shortage problem plaguing the country. (Paul Hennessy, Associated Press) Estimated read time: 6-7 minutes SALT LAKE CITY – Utah health experts addressed growing concerns … Read more

Illinois Revokes Carvana’s Dealer License Over Titling Issues

Illinois Revokes Carvana’s Dealer License Over Titling Issues

Photo: Joe Raedle (Getty Images) Carvana is presently forbidden from selling cars in the land of Lincoln, Rivian is suing its seat supplier and Tesla’s closing the order books for a vehicle it was supposed to start manufacturing six months ago. All that and more in The Morning Shift for Tuesday, May 17, 2022. 1st … Read more

How Carvana went from a Wall Street top pick to meme stock trading

How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

Hyundai, Quietly, Might Be Tesla’s Biggest Threat

Hyundai, Quietly, Might Be Tesla’s Biggest Threat

Photo: Hyundai Audi, Tesla, GM, Ford, Stellantis, and probably everyone else are having production issues, while Hyundai could be a sleeping EV giant. All that and more in The Morning Shift for May 16, 2022. 1st Gear: Hyundai Now, before anyone gets too upset, I’d like to recognize that Hyundai’s EVs and Tesla’s cars are, … Read more

How resilient is the US consumer?

How resilient is the US consumer?

Laurie Humbert and Kenny Beoettger shop at Caputo’s Market & Deli in Salt Lake City on Nov. 24, 2021. Experts think that despite concerns about inflation that market trends will continue to display retail sales as up when the market report is released. (Kristin Murphy, Deseret News) Estimated read time: 4-5 minutes ATLANTA – Worries … Read more

George Soros Backs Bet on Rivian as Ford Delivers Bad News

George Soros Backs Bet on Rivian as Ford Delivers Bad News

Rivian (Exactly) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well. The young manufacturer of electric SUVs and pickups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 vehicles in … Read more

Cold, hard, sanitary cash? BYU study finds going cashless to prevent COVID-19 was ‘useless’

Cold, hard, sanitary cash?  BYU study finds going cashless to prevent COVID-19 was ‘useless’

Liz Atkinson, manager of the Quicksilver store at the Outlets at Traverse Mountain in Lehi, cleans a terminal after a transaction on May 1, 2020. Many businesses began encouraging transactions with plastic debit and credit cards as a safety measure to fight the spread of COVID -19. Now, a study from BYU says that plastic … Read more

Elon Musk has the wrong approach to count fakes, spam on Twitter: experts

Elon Musk has the wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $ 44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued … Read more