Michael Wayland

6 days ago | cnbc.com | Michael Wayland |Yun Li

Hertz Global CEO Gil West is "encouraged" and "energized" by prominent investor Bill Ackman taking a "significant" position in the post-bankrupt rental car company, he said Friday in an internal message to employees viewed by CNBC. The remarks, part of a weekly CEO message to employees, come two days after Ackman's Pershing Square disclosed a sizable stake in Hertz — pushing shares of the car rental company to more than double during trading this week and close Thursday at $8.24 per share.

1 week ago | nbcnewyork.com | Michael Wayland |Yun Li

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1 week ago | cnbc.com | Yun Li |Michael Wayland

Bill Ackman's Pershing Square took a sizable stake in Hertz, the rental-car company that exited from bankruptcy four years ago, sparking a big rally. Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has significantly increased the position — to 19.8% — through shares and swaps, becoming Hertz' second largest shareholder, a person familiar with the matter told CNBC's Scott Wapner.

1 week ago | cnbc.com | Michael Wayland

Nissan Motor's new Americas leader said the automaker is aiming to "max out" production at its largest American production plant amid President Donald Trump's 25% auto tariffs. Christian Meunier, who started as chairman of Nissan Americas in January, said the tariffs are accelerating already needed plans for the automaker to increase domestic production to assist in a turnaround of its embattled U.S. operations. "We have big facilities, big capacities and today we don't have max capacity.

1 week ago | telemundo52.com | Michael Wayland

DETROIT – Los suministros de vehículos nuevos y usados para la venta en Estados Unidos están disminuyendo rápidamente a medida que los consumidores acuden en masa para comprar autos y camionetas antes de posibles aumentos de precios debido a los aranceles, según concesionarios de automóviles y análisis de la industria.