Amazon (AMZN) and Rivian Automotive (RIVN) are in talks to end the exclusivity part of the electric van deal the two companies signed in 2019. RIVN stock fell while Amazon climbed. X Rivian wants to r...
Tag: automaker
Japanese Automaker Nissan Files 4 Web3 Trademarks for Infiniti, Nismo, Nissan Brands
Japanese multinational automobile manufacturer – Nissan – has reportedly filed for four Web3-related trademarks at the United States Patent and Trademark Office (USPTO) last week. The applications are...
UAW leadership upheaval peaks ahead of automaker negotiations
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...
GM, Jeep and Kia among only automaker advertisers
Automakers – historically among the largest Super Bowl advertisers – are mostly bypassing this Sunday’s NFL championship game to preserve cash or spend ad dollars elsewhere. The only automakers ...
Ford Earnings Due As Automaker Pursues Model-T Strategy For EV Sales| Investor’s Business Daily
Ford Motor (F) plans to report earnings for the fourth quarter late Thursday, after a challenging year for its vehicle sales and recession risk ahead. F stock edged higher early Wednesday. The Ford ea...
Ford CEO says automaker needs ‘totally different talent’ to meet goals. Here’s why
Finding balance at Ford Motor Co. right now is, well, delicate. Wall Street has applauded recent restructuring changes while some workers cringe. The “disruption at the human level” will b...
Elon Musk says his biggest Tesla competition will be a Chinese automaker: ‘They work the smartest’
Elon Musk temporarily shed his “Mr. Tweet” cap for Wednesday’s Tesla earnings call to identify the biggest challenger to his electric car giant: competition from China. With Tesla coming off its worst...
Berkshire Hathaway Reduces Its Stake in Chinese Automaker BYD
Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02). Ame...
1,000 salaried Ford workers retire after pension warning from automaker
DETROIT – Retirement-eligible salaried employees at Ford were warned and advised about retiring this year to maximize a lump sum pension payment. The company confirmed Wednesday that approximately 1,0...
Chinese Automaker BYD Set to Launch Premium EV
Since January 2022, BYD has continued to record increased sales of vehicles, of which a larger percentage were EVs. Popular Chinese automaker BYD has disclosed its plan to launch a new Premium EV. The...
French Automaker Renault and Google Deepens Partnership Ties
A major highlight of the announcement is the creation of a Digital Twin of the Software Defined Vehicle which will be resident on Google Cloud. French automaker Renault SA (EPA: RNO) is deepening its...
Ferrari (RACE) Q3 2022 earnings beat estimates, automaker raises guidance
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its gui...
Porsche flips Volkswagen to become Europe’s most valued automaker at €85 billion
German automobile manufacturer Porsche has officially overtaken its parent company Volkswagen as the most valuable vehicle maker in Europe. Porsche attained the status on October 6, with a valuation ...
Luxury Automaker Ferrari Debuts Its First 4-Door SUV ‘Purosangue’
The competitive advantage that Ferrari hopes to showcase is the scarcity that will accompany the Purosangue model. Italian luxury sports car manufacturer based in Maranello, Ferrari, has released the ...
Rivian shares waver as automaker sees wider loss for the year
Though EV maker Rivian (RIVN) maintained its production forecast for the year, with shares wavering in extended trading as its sees a wider loss for the year. For the second quarter, Rivian reported: ...
JPMorgan Trims Tesla Stock Price Target by 41% as Automaker Reports Lower Deliveries
While Tesla stock dipped 4% on Tuesday, JPMorgan believes that the automobile company could plunge further. Investment banking giant JPMorgan (NYSE: JPM) has cut its price target for Tesla Inc (NASDAQ...
Premium Automaker Bentley Announces NFT Collection Launch on Polygon
12 mins ago | 2 mins read NFT News Carbon-neutral Polygon aims to achieve its goal of being carbon-negative by 2022 end. The digital artwork on each NFT will be unveiled before the NFTs go on sale in ...
Cathie Wood’s Ark Invest makes first-ever bet on General Motors after criticizing automaker
Famed stock picker Cathie Wood has had a sudden change of heart on General Motors (GM). Wood’s Ark Investment Management snapped up 158,187 shares of the Detroit-based car manufacturer on beha...
Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs
South Korean auto giant Hyundai Motor has entered the non-fungible token (NFT) market after partnering with the ‘Meta Kongz’ NFT brand to enhance its customer community and brand awareness. Therefore,...
Hyundai Motor becomes the first automaker to issue community-based NFTs
With the craze for non-fungible tokens (NFTs) heating up, driven by the celebrities and corporations jumping on the bandwagon, Hyundai Motor has become the first in the automotive business to enter th...
EV Automaker VinFast Files for US IPO, Seeks to Raise Fund for Fast Expansion
VinFast is set to use the money to expand its footprint in the rapidly growing US. EV market. It plans a $2 billion investment to build the North Carolina factory. On Thursday, April 7, Vietnamese aut...
Ford’s first quarter sales fall 17% as automaker battles chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images ...
Morgan Stanley downgraded this legacy automaker to ‘equal-weight’
General Motors Company (NYSE: GM) has been a nightmare for shareholders in recent weeks, with the stock down about 25% from its high in early January, and Morgan Stanley doesn’t expect much of a recov...
Leading Tesla shareholder wants automaker to issue deliveries guidance above Wall Street estimates
You don’t see this very often. Leo KoGuan, who according to Bloomberg is the third-largest individual shareholder at Tesla TSLA, -1.82%, on Wednesday was publicly lobbying the company over Twitter on ...
Toyota dethrones GM to become America’s top-selling automaker in 2021
Toyota vehicles are offered for sale at a dealership on November 04, 2021 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Toyota Motor has dethroned General Motors as America’s top-se...