Michael Wayland
Michael Wayland is a reporter on CNBC's digital team focused on covering the global automotive industry. Before joining CNBC, he spent two and a half years writing about General Motors and labor relations for Automotive News. In addition to reporting on GM's global business operations, he led coverage of the U.S. Department of Justice's corruption probe into the misuse of training-center funds involving the UAW and Fiat Chrysler. He previously served as a beat reporter on Fiat Chrysler and the UAW for The Detroit News. He started his career in Michigan with Booth Newspapers and MLive Media Group.
Biography:
https://www.cnbc.com/michael-wayland/
64%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- The author has a slight bias towards reporting on the automotive industry.
- There is an emphasis on presenting factual information and data, but some statements may be misleading or deceptive.
Conflicts of Interest
50%
Examples:
- However, these instances do not appear to significantly impact the author's ability to report objectively.
- There are a few instances where conflicts of interest may exist, such as reporting on GM's global business operations while also covering the UAW and Fiat Chrysler.
Contradictions
85%
Examples:
- However, these instances are rare and do not significantly impact the overall understanding of the articles.
- There are instances where contradictory information is presented, such as conflicting sales figures or differing descriptions of vehicles.
Deceptions
50%
Examples:
- Some statements may be misleading or deceptive, such as implying that Ford has made a decision to halt all plans for electric vehicles when in fact it's only delaying production of one specific model.
- There are also instances where the author may not provide enough context or evidence to support claims.
Recent Articles
Electric Vehicle Industry: Navigating Challenges Towards Affordability and Accessibility
Broke On: Saturday, 29 June 2024The electric vehicle industry is facing challenges due to high costs and uneven consumer demand, but improvements in battery technology and economies of scale are making EVs more affordable. Consolidation within the industry may lead to stronger players emerging, while government support continues to drive the transition towards electric vehicles. 
Volkswagen Invests $5 Billion in Rivian for Electric Vehicle Software Collaboration: A New Partnership Before 2030
Broke On: Tuesday, 25 June 2024Volkswagen invests $5 billion in Rivian for electric vehicle software development, with both companies planning to launch new vehicles utilizing the joint venture's technologies before 2030. The partnership arose from a conversation between Volkswagen CEO Oliver Blume and Rivian CEO RJ Scaringe at Porsche's Experience Center in Atlanta. 
GM Approves $6 Billion Share Repurchase Amid EV Uncertainty and Strong Financial Performance
Broke On: Tuesday, 11 June 2024General Motors, with ticker symbol NYSE: GM, recently approved a $6 billion share repurchase authorization. This move signals focus on profitability and returning cash to shareholders amid industry uncertainty. GM's strong revenue growth, margins, and free cash flow come from disciplined operations and investments in EVs. 
Ford Revitalizes Detroit's Iconic Michigan Central Station into Tech Campus and Mixed-Use Property
Broke On: Monday, 03 June 2024Ford Motor Company is revitalizing Detroit's iconic Michigan Central Station, a once-dormant 18-story train station, into a new technology campus and mixed-use property. The $950 million project includes restoration of the historic site, which has been in decay for over three decades. Ford Chair Bill Ford believes investing in this symbol of Detroit's past is crucial for talent acquisition and retention. Extensive renovations involve 3D-scanning, historical photo referencing, and sourcing original limestone to preserve history while bringing it into the modern era. 
Jeep's First Electric Vehicle, the Wagoneer S, to Debut in US Market with a Range of Over 300 Miles and a $25,000 Price Tag
Broke On: Thursday, 30 May 2024Jeep CEO Carlos Tavares announces the upcoming release of Jeep's first electric vehicle, the Wagoneer S, in the US for $25,000 with a range over 300 miles. Expected to compete with luxury EV SUVs like Tesla Model Y and Cadillac Lyriq. Stellantis aims for cost parity between EVs and gas-guzzlers by end of 2024, despite criticism over Launch Edition's $71,995 price tag. 
Porsche Introduces First-Ever Hybrid 911: The 2025 Carrera GTS hybrid - Power, Performance, and Electrification
Broke On: Tuesday, 28 May 2024Porsche introduces its first hybrid 911 sports car, the Carrera GTS hybrid, with a new 3.6-liter boxer engine and electric motor producing combined output of 532 hp and 449 ft-lb. Available as a coupe or cabriolet in rear-wheel or all-wheel drive configurations, orders open now with deliveries expected late 2024. Amid focus on electrified vehicles, Porsche's hybrid lineup expands alongside updated non-hybrid models and improved sales. 
UAW Alleges Intimidation and Coercion at Mercedes-Benz Alabama Plants During Union Election
Broke On: Friday, 24 May 2024The UAW union has filed objections with the NLRB over alleged interference by Mercedes-Benz during a May 2024 union election at their Alabama factories. The company is accused of intimidating workers, firing pro-union employees, and exacerbating racial tensions. If found guilty, a new election may be ordered. 
Carvana's Record-Breaking Q1: $49M Net Income and 30% Stock Surge Amidst Inventory Challenges
Broke On: Wednesday, 01 May 2024Carvana reported record first-quarter profits of $49 million and $235 million in adjusted EBITDA, marking a significant turnaround from losses the previous year. The company's gross profit per unit was $6,432, with an adjusted EBITDA margin of 7.7%. Impressive figures led to a 30% surge in stock price despite inventory constraints and increased competition from rivals like CarMax. 
Honda's $15 Billion Investment: Building 4 New EV Plants and a Battery Factory in Ontario, Creating Over 5,000 Jobs
Broke On: Thursday, 25 April 2024Honda invests $11 billion in Ontario, Canada to build 4 new EV plants and a battery factory, creating over 5,200 jobs. The facilities will produce 240,000 Honda EVs annually and aim for 100% electric sales by 2040. With government assistance and joint ventures with Asahi Kasei and POSCO, Honda expects to reduce costs by over 20%. Canada's manufacturing heartland bolsters its efforts to keep air clean. 
Ford Surpasses Earnings Expectations with Strong Sales of Work Trucks and Commercial Vehicles, Despite Electric Vehicle Losses
Broke On: Wednesday, 24 April 2024Ford Motor Co. reported Q1 2024 earnings of $42.8 billion, surpassing estimates, driven by sales of work trucks and commercial vehicles through Ford Pro. The company's commercial unit contributed significantly to profits despite losses in the electric vehicle segment, specifically the Model e unit which reported a loss of around $1.3 billion or approximately $132,000 per vehicle sold. Ford maintained earnings guidance for 2024 and raised adjusted free cash flow outlook to $6.5-$7.5 billion.