General Motors plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in its Canadian operations. The investment is part of a tentative deal with Canadian union Unifor, GM CEO Mary Barra told investors Thursday during the company’s third-quarter earnings call. The investment is pending union member ratification
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Faris Hadziq/SOPA Images | LightRocket | Getty Images Bentley Motors plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030, the British luxury carmaker said Thursday. Bentley, which is owned by German automaker Volkswagen, will offer two unnamed plug-in hybrid models starting next year. The first full-electric vehicle
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton is seeing demand for its high-end exercise bikes and treadmills spike again, as Covid-19 cases are
Children pose for a photo with Santa Claus, who is sitting behind a plexiglass screen, at Bass Pro Shops. Source: Bass Pro Shops It’s an annual tradition for many families during the holidays: Packing the kids in the car and trekking them to the local mall to visit Santa for the chance to rattle off
Medical staff members treat a patient suffering from the coronavirus disease in the Covid-19 intensive care unit (ICU) at the United Memorial Medical Center (UMMC) on October 31, 2020. Go Nakamura | Getty Images News | Getty Images The number of new daily coronavirus cases recorded in the U.S. surpassed 100,000 for the time Wednesday,
Jim Farley, Ford CEO Ford Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed its crosstown rival, General Motors, in switching exclusively to quarterly
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap caught fire Wednesday for posting a photo of a half-blue, half-red sweatshirt on its Twitter account, with the outcome of a heated presidential election still undecided and tensions running high. The retailer
The words “classic American car” might conjure memories of massive sedans, flourishes like tailfins, big engines and in many cases bench seats. The front bench seat was once a standard feature of American cars, but over time it disappeared, in part due to changing tastes and safety regulations. Its disappearance actually says a lot about
RealClearPolitics associate editor and columnist A.B. Stoddard broke down why Democratic presidential candidate Joe Biden’s campaign “has Sun Belt confidence,” in an election night interview Tuesday on CNBC’s “The News with Shepard Smith.” “The Biden camp has confidence in Georgia because of what Stacey Abrams managed to achieve when she ran for governor in 2018,
A Friendly’s Ice Cream Corp restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Florida. Joe Raedle | Getty Images FIC Restaurants, the parent company of Friendly’s, said it has filed for Chapter 11 bankruptcy protection after the coronavirus pandemic caused sales to plummet. The company will sell substantially all
A person wears a protective face outside the AMC 34th Street 14 movie theater as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 31, 2020 in New York City. Noam Galai | Getty Images Entertainment | Getty Images AMC, starved for cash, is looking to
Pedestrians carrying shopping bags cross a street in front of the Macy’s flagship store in the Herald Square area of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans have shown they are eager to shop, even during a recession and global health crisis, the National Retail Federation’s chief
A shopper is seen wearing a mask while shopping at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters At some Walmart stores, robots have roamed the sales floors and helped check if shelves were stocked. But the big-box retailer has now decided to end its contract with the
CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured by the coronavirus pandemic, highlighting the stresses the retail real estate industry is facing. CBL’s filing came shortly after Pennsylvania Real Estate Investment Trust, the largest mall owner in
U.S. President Donald Trump addresses supporters at a campaign rally outside Raymond James Stadium on October 29, 2020 in Tampa, Florida. Paul Hennessey | NurPhoto | Getty Images President Donald Trump‘s campaign rallies led to more than 30,000 coronavirus cases, according to a new paper posted by researchers at Stanford. Researchers looked at 18 Trump
Time Square, New York, April 8, 2016, Times Square is a major landmark of New York, brightly adorned with billboards and advertisements. William Rodrigues dos Santos Had this been a normal year, the Tony Awards would have occurred in June and Broadway would be gearing up for its lucrative holiday season. Instead, the Great White
Covid-19 has thrown the gym industry into a tailspin, wreaking havoc on some of the biggest names in fitness including Gold’s Gym and 24 Hour Fitness, which both had to file for bankruptcy protection. Planet Fitness also has had to shut its doors for months but unlike its rivals, the company is poised to sprint
McDonald’s McRib Source: McDonald’s Starting Dec. 2, McDonald’s McRib is returning to menus nationwide for the first time since 2012. The limited-time pork sandwich is brought back every year but is notoriously hard to find. McDonald’s even released its own McRib locator app to help customers locate restaurants that sold it. The fast-food giant brought
Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020. Smith Collection/Gado | Archive Photos | Getty Images DoorDash announced Friday it is launching a partnership with Sam’s Club to provide same-day prescription delivery service to patients across the U.S. The deal involves 500 Sam’s Club locations
Restaurants are facing a new wave of restrictions, posing yet another obstacle in their attempts to stay afloat and recover from the coronavirus pandemic. New daily Covid-19 cases in the United States hit a record high of 88,521 on Thursday, according CNBC analysis of data from Johns Hopkins University. “We’re starting to find ourselves on