Categories LATEST

AutoNation’s rockstar CEO to step down

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.

AutoZone stock dives after sales miss estimates

Most Popular

Weibo (WB) Earnings: 1Q21 Key Numbers

Weibo Corporation (NASDAQ: WB) reported first-quarter 2021 earnings results today. Net revenues increased by 42% year-over-year at $458.9 million and 31% increase on a constant currency basis. Net income attributable

Earnings calendar for the week of May 10

Stock markets rallied amid mixed cues on the health of the labor market, with latest data showing that payrolls grew at a slower-than-expected pace while unemployment claims slipped below the

Apple-Epic legal fight could set a new paradigm for mobile app distribution

These days the tech world is abuzz with the legal battle between gadget giant Apple, Inc. (NASDAQ: AAPL) and Epic Games, which has elicited significant media interest. The trial in

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top