Shares of The Coca-Cola Co (NYSE:KO) ended Thursday session in red amid volatile trading. The shares closed down -0.12 points or -0.28 % at $43.51 with 4.32 billion shares getting traded. Post opening the session at $43.67 the shares hit an intraday low of $43.45 and an intraday high of $43.73 and the price vacillated in this range throughout the day. The company has a market cap of $187.66 billion and the numbers of outstanding shares have been calculated to be 4.32 billion shares.
On September 2, 2016 For the first time in nearly 40 years, The Coca-Cola Company’s popular citrus-flavored soft drink brand, Mello Yello, will appear on a NHRA Funny Car. To celebrate Funny Car’s half-century of racing, Mello Yello is partnering with Kalitta Motorsports to co-brand the team’s DHL-sponsored Toyota Camry Funny Car at the U.S. Nationals held Labor Day weekend in Indianapolis, Indiana. The one-time custom-wrapped car will be driven by the reigning NHRA Mello Yello Drag Racing Series Funny Car Champion, Del Worsham.
“We’ve been steadfast supporters of NHRA’s Funny Car racing, and we wanted to do something special to celebrate its momentous 50th anniversary,” says Bobby Oliver, director, sparkling citrus brands, Coca-Cola North America. “When the Kalitta team takes to the track on Labor Day weekend, we’ll all be cheering for a great performance from the DHL/Mello Yello car.”
The NHRA is the largest motorsports sanctioning body in the world, and The Coca-Cola Company has been a proud sponsor of the NHRA for 15 years.
“We are thrilled to see Mello Yello and The Coca-Cola Company take this step to race a DHL/Mello Yello Funny Car at the historic U.S. Nationals,” said NHRA President, Peter Clifford. “The car gets your attention immediately and to have Mello Yello on the racetrack this week with the defending Funny Car champion Del Worsham makes it even better.”
Worsham, driver of the DHL/Mello Yello Toyota Camry Funny Car, has been on a hot streak recently. The two-time NHRA champion has earned semi-final finishes or better at the last four races culminating in his first race win of the season at the NHRA Mello Yello Drag Racing Series’ last event in Brainerd, Minn.
“It is an honor to have Mello Yello and The Coca-Cola Company join DHL on our Toyota Camry for this weekend’s event,” said Worsham, who also competed in his 500th career start in Brainerd, Minn. “The U.S. Nationals is an iconic event, and to be able to carry Mello Yello for our biggest race of the season is very exciting. Our DHL Camry has been running very strong recently, and I plan on doing well for DHL, Mello Yello and all of the great guests at the race track this weekend.”
Shares of Ford Motor Company (NYSE:F) ended Thursday session in green amid volatile trading. The shares closed up +0.03 points or 0.24 at $12.73 with 3.90 billion shares getting traded. Post opening the session at $12.50 the shares hit an intraday low of $12.50 and an intraday high of $12.75 and the price vacillated in this range throughout the day. The company has a market cap of $50.70 billion and the numbers of outstanding shares have been calculated to be 3.90 billion shares.
Ford Motor Company (F) on September 8, 2016 announced the election of John S. Weinberg to the company’s board of directors. His appointment is effective Oct. 1.
Weinberg, 59, is a retired vice chairman of the Goldman Sachs Group. While at Goldman Sachs, he worked with Ford for more than 15 years, serving as a financial advisor.
“Having worked with him for many years, John is a trusted advisor with a deep understanding of Ford, our history and the future needs of our business,” said Executive Chairman Bill Ford. “With his expertise in finance, banking and the capital markets, John is a fantastic addition to our board who will help guide our expanding business model and our company forward.”
Weinberg will serve on the Ford Board of Directors’ Nominating and Governance, Sustainability and Innovation, and Finance Committees.
His career spans more than three decades at Goldman Sachs, most recently serving as vice chairman from June 2006 until October 2015. He spent the majority of his career in the banking division, most recently as a head of global investment banking and as an advisor to clients including Ford, General Electric and Boeing. He also led the Goldman Sachs team on the initial public offerings for Visa and Under Armour.
Weinberg is affiliated with several non-profit organizations and currently serves as a board member of New York-Presbyterian Hospital and Middlebury College. He also is an advisory committee member of The Steppingstone Foundation.