August was the leading month for auto sales in China as electric vehicles (EVs) led the way. Despite supply chain issues and stubborn Covid outbreaks, sales continued to climb, and new energy vehicles...
Tag: Auto
Harbinger To Unveil Innovative Platform For Electric Medium-Duty Trucks At Detroit Auto Show
A first-of-its-kind vertically-integrated EV platform introducing improvements in safety, driver … [+] experience, and vehicle operation tuned to the needs of commercial fleet operators and othe...
Libera BUSD Miner: The 3% BUSD daily auto compound solution
As one of the latest innovative projects in the mining industry with the exclusive auto compound mechanism, Libera BUSD Miner offers its holders 3% returns in BUSD every single day. Libera BUSD Miner ...
Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop
Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions fo...
Tesla Continues to Challenge the Auto Industry’s Business Model on Multiple Levels, Says Analyst
Tesla’s (TSLA) three-for-one stock split failed to ignite a rally last week but following investor meetings and a trip to Berlin’s new facility, Jefferies analyst Philippe Houchois remains convi...
Fintech Makes Moves Into the Auto and Home Repair Industries With FixxFi – Press release Bitcoin News
press release PRESS RELEASE. Dublin, Ireland, 8/29/2022 – One of the arguments against cryptocurrencies has been, “What’s the point of having a currency if you can’t use it?” While many projects are t...
New 3D Printing Tech Could Be A Game Changer For Auto Design And Manufacturing
The traditional circuit board’s design may become antiquated in the coming years as 3D printing … [+] evolves and allows new designs, packaging and structures. getty Disruption comes when ...
Largest U.S. Pension Bought EV Stocks Rivian and Li Auto. What It Sold.
Text size The Rivian R1S. Pension giant Calpers bought more Rivian shares in the second quarter. Courtesy of Rivian America’s largest public pension has increased bets in electric-vehicle makers. Cali...
Maybe The Best Prediction Of Auto Sales Comes From Real-Time Data
A new study shows the frequency of dealership destinations by regions, which could be data to help … [+] reinforce brand momentum and revenues. getty Just like economists telling the general pub...
Automakers investing in the South as EVs change the auto industry
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn....
What Stocks Are Making Moves Monday? Li Auto, NIO, Peloton, and More.
Text size A trader works on the floor of the New York Stock Exchange. Michael Nagle/Bloomberg Stock futures were trading lower Monday after China cut interest rates following data that showed the worl...
Li Auto stock falls in premarket despite posting solid delivery numbers
Li Auto (NASDAQ: LI), one of the leaders in China’s electric vehicle (EV) market, announced its unaudited second quarter 2022 earnings on August 15. In the lead-up to the earnings, the firm released ...
European Auto Makers Insist Profits Are Safe, But Storm Clouds Gather
02 August 2022, Bendorf: The tugboat “Alorba” passes the island of Graswerth in the Rhine River near … [+] the city of Koblenz. The water level is dropping and the river banks are dr...
Apple’s CarPlay Acts More Like Brainiac To Auto Industry Than Trojan Horse
GENEVA, 2014: Years after this visitor pressed the then new Apple CarPlay inside a Volvo vehicle at … [+] the Geneva Motor Show. Apple released a new version of CarPlay that opens new business o...
Democrats’ Bill Would Allow Auto Dealers To Claim Clean Vehicle Tax Credits
Democrats’ new clean energy package would allow auto dealers to collect the electric vehicle tax … [+] credit directly. getty The recently proposed Congressional Inflation Reduction Act of...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Nio, Xpeng and Li Auto Saw Pre-Market Shares Growth after Impressive July Report
Despite the impressive numbers recorded by the trio, each faced challenges in July as the aftermaths of inflation, strain in the supply chain and the pangs of the coronavirus pandemic. The shares of t...
Auto Makers Expect Car Sales to Defy Economic Gloom
Listen to article (2 minutes) Even as consumer spending cools, one place buyers continue to splurge is at the car dealership. Auto executives reporting earnings earlier this week displayed confidence ...
EV Profits Are Under The Lens As Demand ‘Overwhelms’ Auto Giant| Investor’s Business Daily
Ford (F) and General Motors (GM) both shared a strong outlook this week for the second half of 2022, based on easing chip constraints and recovering volumes. Ford stock continued to surge Friday, hitt...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r...
Ford Stock Jumps As Auto Giant Affirms Outlook, Hikes Dividend After Q2 Earnings Crush
Ford (F) reaffirmed 2022 outlook and hiked the Ford stock dividend after crushing earnings estimates for the second quarter. Strong demand for traditional combustion and new electric vehicles offset s...
NXP Semiconductors Gives Bullish Forecast on Industrial and Auto Market Demand
(Bloomberg) — NXP Semiconductors NV, the second-biggest supplier of chips to the automotive industry, gave a strong forecast for the current quarter driven by demand for components used in cars....
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen su...
Australian regulator trials auto take-down of crypto scam sites
Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including...
Bosch Says Auto Chip Bottlenecks Will Continue, As Some Forecasts Point To Early Relief
3d illustration of microchip over white background with car and binary code inside getty Bosch, Europe’s largest auto supplier, said it expects global bottlenecks because of a shortage of auto chips t...
Auto dealerships are facing a shortage of technicians to fix cars. Here’s why
It’s not just hard to buy a new car these days — it’s getting tough to even get one fixed. There just aren’t enough workers to do the job. Dealers and auto repair shops are strugglin...
Chinese EV Billionaire Shrugs Off Lockdown Pain To Add $7 Billion Fortune
Chinese electric car maker BYD is not only surviving the disruptions caused by the country’s Covid lockdowns, but the company appears to be thriving like never before. BYD’s stock has jumped just over...
EVs Help China’s Geely Auto Rebound In June; Stock Gains 6.7% In Hong Kong
Li Shufu, chairman of Zhejiang Geely Holding Group Co., in 2018. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, a China automaker controlled by billionaire L...
Ford U.S. Auto Sales Defy Industry’s Q2 Slump But This Fear Hits GM, Ford Stock| Investor’s Business Daily
Ford (F) grew U.S. auto sales in the second quarter, defying a slump in the overall industry. A robust June capped the quarter though Ford missed Q2 sales views, after General Motors (GM) and other au...