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20% Of Millennials Don't Think A Car Will Be Necessary In 20 Years
Saturday, September 2, 2017 - 10:33am | 325As electric cars, gigafactories, ride sharing and autonomous driving develop, the auto industry is on its way to some severe disruption. Millennial preferences and attitudes toward cars mean we will see a big shift in the industry in the decades to come. When Gene Munster of Loup Ventures sat down...
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This Investor Was Short Tesla And Sees More Downside Ahead
Thursday, August 6, 2015 - 3:35pm | 388Although Tesla Motors Inc (NASDAQ: TSLA) reported better-than-expected second-quarter numbers on Wednesday after market close, the company's stock opened significantly lower on Thursday on concerns that the company would be making fewer car deliveries this year than previously anticipated. John...
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KBB's 5 Coolest Cars Under $18,000
Friday, May 22, 2015 - 2:50pm | 439For each of the past 12 years, Kelly Blue Book has released its annual “Coolest Cars Under $18,000” list, a subjective ranking of the coolest and most affordable new cars on the market according to KBB editors. Here’s a rundown of the top five coolest cars according to this year...
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Markets Mostly Lower As Americans Head To Vote, Oil Continues To Tumble
Tuesday, November 4, 2014 - 5:30pm | 864U.S. stocks mostly closed slightly lower a day after major indices hit record all-time highs. Americans are heading to the ballots today in a congressional election. The Republican party is expected to increase the number of seats it controls in the House and Senate. The CBOE Volatility Index...
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Coke, Microsoft And 3 Other Big Companies That Have Used Crowdfunding
Monday, August 25, 2014 - 5:18pm | 1218Artists, musicians and entrepreneurs started the crowdfunding concept to pay for projects that could not have been made without the help of others. Having witnessed the success of some Kickstarter campaigns, one man decided to make potato salad. That campaign may have sounded like a farce, but...
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June Auto Sales Beat Street Views
Wednesday, July 2, 2014 - 6:49am | 338Wall Street got an upside surprise from the U.S. vehicle sales figures for June, which showed some of the strongest monthly data since 2007. Chrysler Group LLC and General Motors Corp. (NYSE: GM) saw sales rise 9.2 percent and one percent respectively, while Ford Motor Co. (NYSE: F) sales were...
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Detroit's Big Three Auto Makers Report March Sales
Tuesday, April 1, 2014 - 5:00pm | 900On the first day of each month, major auto manufacturers report their previous month's total sales. The data is closely monitored by both investors and auto enthusiasts to keep up with the most up to date information on how the manufacturers are performing in a tough economic environment that...
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The 3 Biggest Challenges Facing Tesla's Future Growth
Friday, March 7, 2014 - 2:28pm | 865Tesla (NASDAQ: TSLA) is one of the hottest stocks on Wall Street, rising more than 68 percent this year alone. But is it really the automaker of the future, as some have predicted? John C. Thompson, founder and CEO of Vilas Capital Management, is skeptical. He has outlined three issues --...
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Weekly Highlights: Tesla's $5 Billion Gigafactory, Ford's Tech Plans And More
Saturday, March 1, 2014 - 2:13pm | 209The year's coldest month came to an end with rumors, minor revelations and one massive announcement. Hands down, the biggest news came when Tesla (NASDAQ: TSLA) finally revealed additional details about its mysterious Gigafactory. Meanwhile, Honda (NYSE: HMC) is rumored to discontinue its hybrid...
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Honda to Discontinue Insight Hybrid Production This Month
Wednesday, February 26, 2014 - 5:05pm | 600Honda Motor Co. (NYSE: HMC) plans to end production of its Insight model, Bloomberg reports. The Japanese automaker told dealers back in November that the current generation of the hybrid would be discontinued this month, according to Bloomberg. Sales for the Insight have lagged behind Toyota...
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Market Wrap For February 3: Bears In Complete and Absolute Control
Monday, February 3, 2014 - 5:45pm | 2594U.S. stocks continued its losses on an accelerated basis on Monday. Investors are in clear panic mode following a report that U.S manufacturing activity expanded at a slower pace in January. The Dow plunged more than 300 points while the S&P 500 and Nasdaq both fell more than two percent as...
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Market Wrap For January 28: Markets Snap Losing Streak, Apple Tumbles
Tuesday, January 28, 2014 - 5:42pm | 2932U.S. stocks reversed its multi-day losing streak as investors found enough positives in Tuesday's earnings to end the Dow's five day losing streak. The FOMC began its first day of a two-day meeting. The Wall Street Journal's Jon Hilsenrath believes that the central bank will reduce...
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Earnings Expectations For The Week Of January 27: Facebook, Google, Apple And More
Monday, January 27, 2014 - 7:56am | 982The earnings crunch is on this week. Highlights will include reports from Amazon.com, Apple, Boeing, Comcast, Facebook, Google and Yahoo! All of them are expected to report year-over-year growth in per-share earnings. But analysts are looking for declining profits from the likes of Caterpillar,...
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Is Apple Interested In Competing With Google's Open Automotive Alliance?
Wednesday, January 8, 2014 - 2:48pm | 530Google (NASDAQ: GOOG) is getting a lot of buzz for creating the Open Automotive Alliance, but Global Equities Research analyst Trip Chowdhry doesn't expect Apple (NASDAQ: AAPL) to follow suit. "Apple has no interest in the car market," Chowdhry told Benzinga. "Not really. That [does not] fit their...
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November Auto Sales Highest Since Recession
Wednesday, December 4, 2013 - 12:31pm | 556November vehicle sales in the U.S. were the best in more than six years, according to The Wall Street Journal. An improving economic picture is clearly partly responsible. General Motors (NYSE: GM) Vice President Kurt McNeil told The Wall Street Journal, "We feel good about the direction of the...