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Ford reveals new special edition of $325,000 Mustang GTD

2025 Mustang GTD Spirit of America Ford DETROIT — Ford Motor on Thursday revealed a special edition of its $325,000 Mustang GTD called “Spirit of America,” a nod to historical jet-propelled cars sharing the same name. The white vehicle features red and blue stripes down its center, matching the overalls that Spirit of America driver […]

Ford CEO says China operations earned $600 million in 2024

Ford Motor CEO Jim Farley during a reveal of a special-edition Ford Mustang GTD for the Detroit Auto Show on Jan 9, 2024. Michael Wayland/ CNBC DETROIT — Ford Motor‘s operations in China earned roughly $600 million last year despite challenging market conditions, CEO Jim Farley said Thursday night. “I’m happy to say that Ford makes […]

Wayfair to exit Germany, cut 730 jobs in latest layoffs

Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the company said Friday. About half of the affected employees will have the option to stay on with Wayfair if […]

Audemars Piguet CEO Ilaria Resta reinvents luxury watches

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Audemars Piguet, the prestigious Swiss watch brand, is tearing down the marketing walls separating men’s and women’s watches, as women become […]

Disney, Fox and Warner Bros. Discovery call off Venu sports streaming service

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” they said in the statement. “In an ever-changing marketplace, we […]

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