CEO Mike Jackson, under whose leadership AutoNation (AN) stock grew more than thrice, announced that he plans to step down from the role in the coming year. The company announced that Jackson would, however, stay on as executive chairman till 2021.
Jackson joined the largest (arguably) US retail chain AutoNation in 1999 from the US wing of Mercedes-Benz, where he was president.
Mike Jackson, who went on CNBC this week, had jabbed Elon Musk’s bait-and-switch” on his $35,000 Model-3 promise hinting that Tesla might not be around in ten years to see electric cars take over the industry.
“We’re past the inflection point on electrification,” Jackson added, “I think if Tesla was there it would be quite something.” According to the outgoing CEO, Elon Musk lacks a sustainable business strategy in the long run.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
