Elon Musk's Tesla Cybertruck: 5 fast facts
Tesla CEO Elon Musk took his Cybertruck production candidate for a spin at the company's gigafactory in Texas this week as the automaker gets ready to take on rivals GM and Ford.
Source: foxbusiness.com
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Credit crunch targeting manufacturing as interest rates soar
Higher interest rates have forced a credit crunch as banks slow lending, creating a backlash in capital and resource-starved business sectors like manufacturing.
Source: foxbusiness.com
Manufacturing contracts for third straight month
The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.
Source: foxbusiness.com
Ford vs. GM: A tale of two automakers
GM and Ford are driving down two different paths for investors, creating a divide within the automotive sector after quarterly earnings and input from the CEOs.
Source: foxbusiness.com