Sony and Honda plan to start U.S. deliveries of their EV in 2026

Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint ventur...

Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.

Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard. He wants them to buy back Tesla (...

Moody’s Mark Zandi sees relief within 6 months

The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...

GM’s Chevrolet Trax crossover comes with new tech, design, lower price

2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive ...

Good News for Tesla Investors: The Stock Is Now Oversold.

Shares of electric-vehicle leader Tesla have gone through just a brutal stretch lately. It’s been painful for the bulls, but they might be getting some relief soon. Tesla (ticker: TSLA) stock dropped ...

Hurricane Ian damaged 358,000 vehicles. How to avoid buying one

Vehicles float in the water on Sept. 29 in Bonita Springs, Florida, after Hurricane Ian. Sean Rayford | Getty Images If you’re planning to shop for a used car in the next few months, be sure to ...

Honda’s new $4.4 billion EV battery plant will be built in Ohio

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Ty Wrig...

Lyft president still thinks driverless cars will dominate ride-share

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...

The Fed Looks Set to Overshoot on Interest Rates. What to Learn From Earnings.

Last week saw markets raise their hopes of a Federal Reserve pivot to looser policy, only to have the dream dashed by a strong jobs report and string of policy makers saying interest rates must move h...

Stellantis looks to Australian materials for its EVs

This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Gir...

GM, Ford shares tumble after UBS downgrades cite weakening demand

The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...

Here’s why UBS’s downgrade of Ford is misguided — and late

Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a...

ARK’s Cathie Wood Sounds Used-Car Alarm Again. The Risk Is Still Overstated.

ARK Invest’s Cathie Wood sees a collapse in used-car prices on the horizon. If she’s right, that could mean disaster for auto-finance companies, traditional car makers and dealerships. The good news i...

Famed Value Investor Buys Stock in Citigroup, PulteGroup, and Oshkosh

Value investor Edgar Wachenheim III’s Greenhaven Associates recently made major changes in its investments. Greenhaven increased its stakes in Citigroup (ticker: C) and home builder PulteGroup (PHM), ...

How GM plans to convince car buyers to make the EV switch

Electric Chevrolet Silverado shown at the New York Auto Show, April, 2022. Scott Mlyn | CNBC When people think of electric vehicles, their minds typically jump to Tesla. But Elon Musk’s company ...

Polestar Reported Strong EV Deliveries. Why the Stock Fell.

The latest delivery results from Polestar Automotive look solid, while the outlook for deliveries is even better. Investors seemed to be pleased before the September jobs number tanked the stock marke...

Tesla Won’t Stop Falling Until Musk Stops Selling. Here’s Where the Stock Is Headed.

Tesla stock has been having a terrible week, and it’s likely to get worse for the shares before it gets better. There are a few reasons for that. One is technical, the other is CEO Elon Musk. The week...

Polestar confirms it will deliver 50,000 electric vehicles in 2022

Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the compa...

New cars are finally back in stock, but they come at a steep price

Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as su...

U.S.-China tensions could ‘supercharge’ China’s innovation: JPMorgan

An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-relian...

Climate investor who made right Exxon bet on how to beat the market

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transit...

Mercedes-Benz CEO says EV transition will be helped by luxury drivers

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CE...

Rivian 2022 EV production targets will mean a sharp ramp-up

A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 ...

Ford ups starting price of electric F-150 Lightning to $51,974

Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.  Bill Pugliano | Getty Images DETROIT – Ford Motor is increasing the sta...

Ford to end production of $500,000 GT supercar with special edition

2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. Th...

Ford’s EV Sales Nearly Tripled in September. The Stock Is Surging.

Ford Motor   sales fell 9% in September but electric-vehicle sales almost tripled with the auto maker’s F-150 Lightning remaining the best-selling EV pickup truck in the U.S. The automaker said total ...

Ford’s sales up 16% in third quarter, despite September decline

Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a l...

GM adds ex-Lyft and Tesla executive Jon McNeill as board member

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell...

Cathie Wood’s ARK Snaps Up Tesla After Stock Plunges on Deliveries Miss

Cathie Wood’s ARK funds said Monday it had snapped up Tesla stock. It comes after the EV maker’s shares tumbled following a deliveries miss in the third quarter. Wood’s ARK Innovation ARK Innovation e...

Logistics Not to Blame for Tesla’s Deliveries Miss. There Is a Bigger Reason.

Tesla stock was getting hammered after weaker-than-expected third-quarter delivery numbers. Wall Street seems to believe the shortfall was due to logistics. That isn’t what investors are worried about...

General Motors EV Bolt Sales Set a Record

General Motors investors got some good news Monday. The auto giant is making headway selling electric vehicles even before GM rolls out new models designed to boost EV sales even further. Monday, GM (...

GM third quarter sales rise 24% over 2021 totals

People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DET...