Nebraska looking for breakthrough win against ‘dialed up’ Michigan State
“I want kids to go into a game expecting to win and I think they did,” Frost said on Monday. 20 Michigan State (3-0) on Saturday (7 p.m., FS1) in East Lansing. “Mel Tucker’s got them dialed up at this point.”After posting a 2-5 record last year, Michigan State looks like a much-improved team, especially on offense for a squad averaging 39.3 points per game. When you look at Michigan State, as long as I can remember, it’s a black and blue, physical team so we know we’re in for a fistfight when go up Saturday night. “That’s how we’re approaching it and we know any given Saturday we can win those games.mlive.com
GM 2020 profit drops, but it makes $6.43B despite pandemic
General Motors net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. (AP Photo/Richard Drew, File)DETROIT – General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. GM predicted the shortage will cost it $1.5 billion to $2 billion in earnings before taxes this year due to lost production. Still, GM expects pretax income for the year of $10 billion to $11 billion, or $4.50 to $5.25 per share. Of that, $6 billion would go to electric vehicles and $1 billion would go to autonomous, Chief Financial Officer Paul Jacobson said.
Harley Davidson's plan to take iconic motorcycle brand into transportation's future
In 1985, the year before Harley went public, the median motorcycle owner was only 27, according to the Bureau of Transportation Statistics. Next month Harley also is unveiling the Pan America, a large adventure-style motorcycle meant to be at home both on- and off-road. "Harley-Davidson is the most valuable motorcycle brand on the planet," wrote Craig Kennison, a senior research analyst and director of research operations at Baird, in a recent research note. Sports and recreational vehicles sales are growing as a result of Covid and that tailwind could cross over to the motorcycle market as well. 1 brand in the market with 40% market share and the brand is unlike any other," Collins said.cnbc.com
Where Elon Musk and Tesla earn real credit 'eating the lunch' of auto competitors
The credit revenue will continue to go up because Tesla will increase market share even more into 2021," he said. California also adopted a ZEV advanced truck requirement this year, which will spur the development of the credit market for Amazon-backed Rivian and Tesla's semi truck program. Ultimately, Tesla knows that depending on a credit market is not building a long-term sustainable, and solid profit margin, auto business. "They really want to have a credit market as an extra bonus on top of other healthy profit margins," Leard said. "We view the credits market as operating efficiently and it is separate issue from the lack of predictability in forecasting earnings.cnbc.com
Big Ten presidents voted 11-3 to cancel fall football season
A court filing disclosed Monday shows Big Ten Conference presidents voted 11-3 to postpone the football season, bringing some clarity to a key question raised in a lawsuit brought by a group of Nebraska football players. The court documents did not identify how each school voted, but a person familiar with the outcome told The Associated Press that Iowa, Nebraska and Ohio State voted against postponing the fall football season. The Big Ten announced Aug. 11 it would move its football season from fall to spring semester because of health risks associated with the coronavirus pandemic. The eight football players are seeking the reinstatement of a fall season. The Big Ten Conference continues to share the disappointment that student-athletes and families are feeling," the conference said in a statement.
Nebraska players' lawsuit seeks to restore B10 fall football
A group of Nebraska football players filed a lawsuit Thursday, hoping a jury will force the Big Ten Conference to reinstate a fall football season. The players want a court order that would keep the Big Ten from going through with its plan to push the football season to the spring. This lawsuit isn't about money or damages, it's about real-life relief, said Mike Flood, the players' attorney. Sadly, these student athletes have no other recourse than filing a lawsuit against their conference, Flood said. Particularly when they may play in the spring.Flood also represents a group of Nebraska football parents that last week sought documents and other materials related to the Big Ten decision.
Tesla's spent a year terrifying, electrifying Wall Street
Tesla's market value today is three times that of Ford, General Motors and Fiat Chrysler, combined. Only one analyst has a 12-month stock price target above the current value. Tesla's stock surge has enriched Musk, boosting his net worth to an estimated $73.5 billion. Teslas market value during the past six months has averaged $149 billion, according to data compiled Monday by FactSet Research. Musk qualified for his first batch of 1.69 billion stock options in early May after Teslas market value averaged $100 billion for a six-month period.
At Ford, $37 billion in the bank and strapped for cash
A worker fits wheel hub badges on the Ford Focus automobile assembly line inside the Ford Motor Co. factory in Saarlouis, Germany, on Wednesday, Sept. 25, 2019. Ford expects hybrid electric vehicles and battery electric vehicles (BEVs) to make up over 50% of its European passenger vehicle sales by year-end 2022. Bloomberg | Bloomberg | Getty ImagesHow can a company have $37 billion in cash and short-term assets on the balance sheet and still be strapped for cash? Begin with two related, near-term challenges: Ford has announced a multi-year restructuring, primarily in Europe and South America, that will cost an estimated $7 billion in cash, according to Moody's Investor Service bond analyst Bruce Clark. Ford announced in June that it was cutting 12,000 jobs at operations across Europe by the end of 2020, as it prepared to close or sell off six of its 24 European plants.cnbc.com
Tesla's latest battle to win over Wall Street skeptics on the company's outlook
Zach Kirkhorn may not be Austin Powers, but to Wall Street, Tesla's new 34-year-old chief financial officer is still a man of mystery. Tesla's shares faced immediate pressure on the day Tesla announced he had taken over the job held by his predecessor, Deepak Ahuja. The initial dive in Tesla shares on the CFO replacement news was never really about Kirkhorn a Harvard MBA and one of the youngest CFOs at a major U.S. company. Tesla shares remain under pressureIn fact, while the capital raise helped with the balance-sheet troubles, it didn't prop up the stock for long. Over the past month, Tesla's shares have been rising, but they are down 23% year-to-date.cnbc.com