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Jeep has introduced the first of two all-electric models to come soon in its range.

Jeep’s first all-electric car will go on sale in the first half of 2023.
(jeep)

Carlos Tavares, CEO of Jeep, a parent of Stellantis, said on Tuesday during a presentation on the carmaker’s long-term strategic perspective that the SUV will go on sale early next year, calling it a “family vehicle for lifestyle”. “, And added that it is clean – Road Jeep will join it for the model year 2024.

The electric SUV is described as a vehicle for the “lifestyle family”, but will be followed by off-road EV.
(jeep)

Tavares shared an image of the vehicle, but not its name or technical details. However, the yellow useful vehicle seems to be similar in size to the current Jeep Compass.

The first electric Ram 1500 is scheduled to go on sale in the 2024 model year.
(frame)

He also confirmed that the Ram 1500 electric pickup will be available in 2024 and said it would be the “best” in the segment, with class-leading range, towing and charging speed. Ford and General Motors will have full-size electric pickups on sale by the time Ram enters showrooms.

Ram claims that it will have best-in-class range, towing and loading speed.
(frame)

After the electric lightweight Ram, the company will add a heavy-duty model equipped with a hydrogen fuel cell drive that will provide a long-range combination with fast charging capability.

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Earlier in February, Ram CEO Mike Koval said the electric Ram 1500 would be available in an extended-range model that uses an internal combustion engine to generate electricity for longer journeys after the battery is depleted.

Tavares also said a concept version of the previously announced Dodge electric muscle car would be unveiled later this year.

In case you haven’t noticed, Nike products are becoming harder to find in stores.

The popular sportswear and sneaker company is severing ties with some of the country’s largest shoe retailers.

Now Foot Locker, another popular shoe retailer, is gearing up to take Nike products off its shelves.

Foot Locker announced last week that no vendor is expected to account for more than 60% of its business in 2022. Nike represents 70% of Foot Locker’s business in 2021 and 75% in 2020.

“This change reflects Nike’s accelerated strategic shift directly to consumers and Foot Locker’s ongoing efforts to diversify the brand and category,” said Andrew Page, CFO of Foot Locker, in a profit talk.

Foot Locker will build on existing relationships with brands such as New Balance, Puma and Crocs to fill the gap.

Nike wants to offer customers a “premium experience” by using a more business-oriented approach. The company plans to designate certain stores or sections of stores only for Nike products.

Nike has not yet announced what action it will take at retailers such as Dick’s Sporting Goods and Finish Line.

Nike has previously pulled products from Dillard’s, Macy’s, Urban Outfitters, Olympia Sports, Shoe Show and Zappos – and most recently from DSW stores.

There are currently 34 Foot Locker stores in New Jersey and over 2,900 nationwide.

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The White House has not made any specific commitments, and White House spokeswoman Jen Psaki declined to say whether there was a specific request to increase supplies when asked at a briefing this week.

“We are working actively with countries around the world to assess the collective release of strategic oil reserves of major energy-intensive countries. And the United States will release additional barrels of oil if conditions require,” he said.

The Paris-based International Energy Agency is holding a last-minute meeting Tuesday on oil supplies to “stabilize markets”, he said earlier this week. The meeting will be chaired by US Secretary of Energy Jennifer Granholm.

Chevron CEO Mike Wirth voiced support Tuesday for governments to release emergency oil stocks to offset fears of supplies sparked by Russia’s invasion of Ukraine.

“I think a coordinated response from multiple countries can help in the short term,” Wirth said in response to a question from CNN during a briefing with reporters. “Of course, we saw markets on the edge with concerns about supply and security of supply.”

Wirth expressed confidence that there would be no serious supply disruptions.

“I have seen nothing to indicate that either Russia’s intentions or the intentions of the governments involved in the sanctions would be to limit oil supplies,” Wirth said. “In fact, the opposite is true. It seems to me that people have been very careful to signal that their intention is to try to maintain the world’s energy supply that needs it.”

This story has been updated with additional reports.

Workers in Target’s stores and distribution centers in places like New York, where competition for recruitment and hiring is fiercest, can earn starting salaries of up to $ 24 an hour this year.

The Minneapolis-based retailer said on Monday it would accept minimum wages ranging from $ 15 to $ 24 an hour, with the highest pay being hired in the most competitive markets. He currently pays a universal starting salary of $ 15 per hour.

The new starting salary range is part of the company’s plan to spend an additional $ 300 million on its workforce this year, which will also include wider and faster access to health care for its part-time workers.

“The market has changed,” Target CEO Brian Cornell told the Associated Press. “We want to continue to be a leader in the industry.”

Target set a new marker for the retail industry back in 2017 when it announced it would increase hourly wages to $ 15 by 2020. But US labor market dynamics changed during the pandemic, with many employers facing a sharp shortage of workers. And many of Target’s rivals now pay a minimum of $ 15 an hour or more.

Target, which has about 1,900 stores and 350,000 employees in the United States, noted that its turnover is now actually lower than before the pandemic. The retailer also said it had exceeded its target of hiring 100,000 seasonal workers in its stores and 30,000 in the nationwide supply chain during the 2021 holiday season – big companies looking to lure workers during the 2021 holiday season, do whatever they could bring candidates. Amazon, Walmart and Macy’s were among the many offerings unprecedented salaries and signing bonuseshealth benefits and even reimbursement of training costs.

But Target realized that there needed to be an even more localized approach to wages. He said he was still doing his analysis and declined to name the areas that would receive the highest starting salaries.

When Target first announced in 2017 that it would pay $ 15 an hour by 2020, it was one of the first major retailers to do so. But during the pandemic, a number of rivals such as Best Buy followed suit, some surpassing Target. Costco raised its minimum hourly wage for workers from $ 16 to $ 17 last fall. Amazon’s starting salary is $ 15 per hour, and the average national starting salary of the e-commerce giant for transport and performance jobs is $ 18 per hour.

Craft chain Hobby Lobby on January 1stincrease the hourly wage of full-time workers to $ 18.50 per hour for full-time workers from January 1. The 49-year-old raised its full-time minimum hourly wage to $ 17 in October 2020, earning part-time workers $ 13.

Last fall, Walmart raised its minimum wage to $ 12, from the $ 11 hourly base it established in 2018. The company also raised hourly wages for more than 565,000 employees in the store by at least a dollar.

Labor shortages continue

Many retailers say they are struggling to find workers. According to a recent survey of more than 100 large retailers with annual revenues of between $ 500 million and more than $ 20 billion, 96% say they have trouble finding employees in the store. A survey conducted by global consulting firm Korn Ferry in January also found that 88% said it was difficult to find workers at the distribution center.

This demand for workers is constantly raising wages, especially for lower-income workers. According to the Federal Reserve Bank of Atlanta, wages among the poorest a quarter of workers jumped 5.8 percent in January from a year ago. That’s twice the profit for the highest-paid quarter.

In January, the average wage of retail workers, excluding managers, jumped 7.1 percent from a year earlier to $ 19.24 an hour. This is faster than the profits before the pandemic. In January 2020, the wages of retail workers increased by 4.2% compared to the previous year. In January 2017, it increased by only 1.7% compared to the previous year.