Filmmaker M. Night Shyamalan told CNBC about his ambitious higher learning project. We also look at the new Ford Mustang and the Ron Burgundy effect at Chrysler in Talking Squawk.» Read More
NEW YORK, Dec 4- A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline, a change that some experts say could continue into 2014.. Pump prices on Thursday's Thanksgiving holiday were the lowest in three years, the Energy Information Administration said last week.
The tea party overplayed its losing Obamacare hand this month, which is pushing businesses toward the center, AutoNation Chairman and CEO Mike Jackson told CNBC.
DETROIT, Oct 24- AutoNation Inc the largest U.S. auto dealer, on Thursday posted a 13 percent increase in quarterly profit amid rising demand for both new and used vehicles.
The habit of beating on the quarter and then lowering expectations for the next quarter is continuing in this quarter as well.
Mike Jackson, chairman and CEO of AutoNation, told CNBC that tea party stubbornness is starting to alienate big business.
Mike Jackson, AutoNation chairman & CEO, breaks down the auto dealer's mixed earnings results and weighs in with his outlook on the company.
DETROIT, Oct 24- AutoNation Inc, the No. 1 U.S. auto dealer, on Thursday posted a 13 percent increase in quarterly profit amid rising demand for both new and used vehicles. Net income in the third quarter increased to $92.6 million, or 75 cents a share, compared with $81.6 million, or 66 cents a share, in the year-earlier quarter.
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
Tesla only sells direct, but if it ever moves to a retail model, AutoNation would be "completely open" to selling its vehicles, said Mike Jackson, CEO of the dealership giant.
Mike Jackson, chairman and CEO, AutoNation, discusses the transformation of the auto industry and America's fascination with sport utility vehicles. Also, Tesla versus the competition.
Mike Jackson, chairman & CEO, AutoNation, looks at yesterday's auto sales numbers and says he expected a big year. Autonation's August new car sales were up 32 percent, the company's best month in a decade. However, he says, the industry calendar included Labor Day weekend, which was very strong.
Following the JCP Ackman blowup and a tough quarter at Sears, turnaround expert Marcus Lemonis told CNBC he's "not sure" the market can handle both retailers.
AutoNation Chairman and CEO Mike Jackson gave nine millionth customer James Gordon, 92, a free pickup truck Friday, tearing up his finance contract in front of his eyes.
Mike Jackson, AutoNation chairman & CEO, discusses the auto dealer's July sales numbers and reveals how the company intends to grow profits after reaching its 9 millionth vehicle mark.
Mike Jackson, chief executive of AutoNation, ripped up the financing contract of his company's nine millionth vehicle sale live on Friday's "Squawk Box."
DETROIT, July 18- AutoNation Inc, the largest U.S. auto dealer group, reported a higher second-quarter profit on Thursday as new-vehicle sales jumped 11 percent, and reaffirmed its outlook for industry new-vehicle sales this year.
Some of the names on the move ahead of the open.
DETROIT, July 18- AutoNation Inc, the largest U.S. auto dealer group, posted a higher second-quarter profit on Thursday as new-vehicle sales jumped 11 percent. AutoNation's net income rose 14.4 percent to $89.9 million, or 73 cents a share, from $78.6 million, or 64 cents a share, a year earlier.
Mike Jackson, AutoNation chairman & CEO, discusses the company's quarterly results and shares his thoughts on fuel efficiency and franchise acquisitions.
Federal Reserve Chairman Ben Bernanke Wednesday spoke to Congress about unwinding policy, and for the first time in a while his "taper talk" didn't make waves in markets.