Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate at full capac...
Tag: Autos
Vroom Stock Races Ahead After Earnings, CEO Switch and Turnaround Plan
Text size Courtesy of Vroom Vroom is poised to be one of the biggest winners of Tuesday’s volatile trading session, with the stock racing ahead after the company reported better-than-expected earnings...
Rivian (RIVN) Q1 2022 earnings preview
Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric-vehicle maker Rivian Automotive will...
Lordstown Motors RIDE Q1 2022 earnings loss Foxconn
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Stru...
Rivian stock plummets as Ford sells shares of EV start-up
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive opened Monday at a new low following a...
Ford is selling 8 million Rivian shares, sources say
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Ford Motor is selling 8 million of its Rivian Automotive shares, w...
Used-car prices are down from record highs, easing the impact of inflation
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record ...
Lucid (LCID) earnings Q1 2022
CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has ...
Nikola (NKLA) earnings Q1 2022
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters...
Rising interest rates mean higher borrowing costs to buy a car
Newsday Llc | Newsday | Getty Images On top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive. With the Federal Reserve boosting a key interest rat...
Tesla Investors, Watch Out. DeLorean Is Back, as an EV.
Text size DeLorean is getting into the EV game. DeLorean Motor Company Tesla investors might want to take note of an industry development. There is a new entrant to the U.S. electric-vehicle race. Inv...
Lucid, Nikola, Fisker report as Wall Street eyes production
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capi...
Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on We...
Volkswagen to prolong coal-fired power as Russia concerns continue
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty...
Ambani, Adani in India’s green hydrogen rush but hurdles remain
Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advance...
ON Semiconductor Gets Backed by Auto Demand. Stock Rises on Record Revenue.
Text size ON Semiconductor said it expects automotive and industrial customers to account for an increasing share of revenue. Photograph by Adi Goldstein ON Semiconductor delivered record revenue for...
Stellantis plans $2.8 billion EV overhaul of Canadian factories
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billio...
White House announces $3.1 billion for U.S. EV battery manufacturing
U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jona...
Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric ve...
Detroit rivalry remains even as GM, Ford and Stellantis take on Tesla
Ford CEO Jim Farley speaks at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. The F-150 Lightnin...
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to...
Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric ve...
Here’s What’s Next for Tesla Investors Now That Elon Musk Sold Stock
Text size Tesla is expected to release Photograph by Spencer Platt/Getty Images Only Tesla CEO Elon Musk can make an annual proxy statement exciting. With Tesla’s 2022 proxy statement possibly arrivin...
Buy GM Shares, But Not Ford or Tesla. Here’s What One Analyst Says.
Text size GM looks to be the preferred U.S. auto maker pick among Wall Street analysts, with about 85% of analysts covering the stock rating it a Buy. Justin Sullivan/Getty Images Investors are bearis...