(Bloomberg) — Warren Buffett, who has long reiterated his love for insurance companies, took a painful hit on Berkshire Hathaway Inc.’s underwriting businesses as inflation continues to weigh on...
Tag: Auto
‘Titanium Economy’ Auto Suppliers May Want To Take A Page From Tesla
The new book on successful “industrial technology” manufacturers. Dale Buss They may be mostly Tier 2 or Tier 3 or even Tier 4 suppliers to automakers or to Tier 1 suppliers, but many U.S....
Chinese EV stocks Nio, BYD, Li Auto, Xpeng fell sharply amid selloff
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday,...
Electrify Your Portfolio With These Three Automotive Stocks
. Auto & Truck Manufacturing Stocks Recent News The automotive industry is facing a lot of change. During the initial pandemic lockdowns, the automotive industry was hit hard as global supply chai...
Wall Street Warns of Trouble Brewing in Auto Loans as Prices Dip
(Bloomberg) — The largest US banks are warning of trouble ahead in auto loans as dropping prices for used cars risk leaving borrowers underwater. Most Read from Bloomberg Wells Fargo & Co. s...
European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import Action
The rear of a DS E-Tense Performance electric concept car at the Paris Motor Show. The biennial … [+] Paris Motor Show is also known as the Mondial de l’automobile. Photographer: Nathan La...
For GM auto union workers, there’s still a lot to learn about EVs
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...
Has the auto industry already priced in a recession?
Auto industry is somewhat insulated from the impact of an economic downturn even though the constituent stocks haven’t done all that well this year, says Mark Fields – the former CEO of Ford Motor Com...
This Crypto Could Benefit From Binance BUSD Auto Conversion?
Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole p...
European Auto Industry Faces Sliding Sales, But Bigger Hit To Profits
Car sales set to fall. getty European auto manufacturers face a big hit to their businesses as recession looms and inflation eats away at consumer confidence, while threats to world peace also undermi...
U.S. auto sales fall slightly in Q3, but GM is a bright spot
DETROIT — U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new ca...
Very Confusing Sustainability Choices In The Auto Industry
For those hoping to invest in environmentally-friendly companies, the automotive industry has a … [+] range of sustainability. But it’s hard to tell what green is truly green. getty “Clima...
Phantom Auto Buys Voysys To Boost Remote Operation Capabilities
Phantom Auto remotely operated forklift carrying a pallet in a warehouse. Phantom Auto Silicon Valley startup Phantom Auto made its name developing software that makes it possible to operate forklifts...
Dow Jones Reverses To Bear Market Lows: Tesla Optimus Can’t Walk; Li Auto Sales Surprise
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The major indexes fell solidly in the past week, capping a terrible September. The S&P 500 index and ...
Auto Sales: GM, Ford To Buoy New Car Market As Concerns Grow
U.S. auto sales are seen holding up in the third quarter, as vehicle inventories slowly improve but new headwinds arise. X General Motors (GM), Ford (F), Stellantis (STLA), Toyota Motors (TM) and Hond...
What To Expect After Nio, Xpeng, Li Auto Unleased Slew Of New Electric Models| Investor’s Business Daily
Nio (NIO) hopes to outsell Xpeng (XPEV) and Li Auto (LI) in September and the third quarter, with the Chinese startups due to report EV sales, likely on Oct. 1. X For Nio and Li Auto, new electric veh...
Keurig Dr Pepper, CSX, Li Auto and more
Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Stre...
Auto Inventory A Bit Better; Still Short Of Demand
Ford Motor Co.’s Chicago Assembly Plant Photo: Ford The limited supply of new cars and trucks continues to limit U.S. auto sales, but sales are expected to be up about 9% for the month of Septem...
What rising auto loan delinquencies tell us about the economy
This post was originally published on TKer.co While consumer debt delinquency rates remain low, they are picking up. In a blog post Monday, the Consumer Financial Protection Bureau flagged the rate at...
Grand Theft Auto creator backs web3 gaming studio in $7.6 million round
David Jones, one of the creators of the Grand Theft Auto series, has backed blockchain gaming studio Random Games in a $7.6 million round. Along with Jones, the round was co-led by Resolute Ventures ...
Take-Two shares plunge during premarket after alleged ‘Grand Theft Auto VI’ leak
Shares of Take-Two Interactive (NASDAQ: TTWO) have plunged after reports emerged that the company’s upcoming installment of Grand Theft Auto VI installment leaked online. The shares dropped almost 6%...
Detroit Auto Show Adds Displays That Take Mobility Into The Skies
Electric vertical takeoff and landing plane by Israeli company Air on display at the 2022 Detroit … [+] Auto Show. Ed Garsten In corners of the Detroit Auto Show where luxury brand vehicles once...
You can now bring your NFTs into Grand Theft Auto V and Minecraft servers
With the ongoing development of video games and metaverse games in general, both MyMetaverse and Enjin (ENJ) have announced that they have introduced playable non-fungible tokens (NFTs) on the game se...
Cramer says buy this auto maker and this battery maker
OneMain (OMF): “It’s got more exposure to a downturn than almost any other stock that I know. It’s the Dallas Cowboys of financials.” Freyr Battery (FREY): “We have too m...
Florida Warns Residents About the Rise of Auto Warranty Scammers Asking Crypto Payments
The Florida Department of Agriculture and Consumer Services (FDACS) has issued a notice warning local residents to take caution against fake auto-warranty calls that trick them into scams. The regulat...
Anthony Varvaro, Former MLB Pitcher And NYC Police Officer Dies In Auto Accident On 9/11 Anniversary
Anthony Varvaro, former MLB pitcher and New York City police officer was killed in a tragic … [+] automobile accident on September 11, 2022. Getty Images Anthony Varvaro, a six-year major league...
Florida govt warns against auto warranty scammers asking crypto payments
The Florida Department of Agriculture and Consumer Services (FDACS) issued a warning sharing insights into identifying robocall scam marketing auto warranties, which includes being asked to pay for th...