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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
