U.S. stocks are being bumped around from crisis to crisis as if in a pinball machine. The uncertainty around the Federal Reserve’s policy and the future path of interest rates keeps surfacing on a reg...
Tag: Autos
Renault says chip shortage means 300,000 less cars in 2022
Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer ...
GM discontinues once-promising Marketplace app that allowed you to shop while driving
GM is ending its in-vehicle “Marketplace” app that allowed drivers to order and pay for goods and services such as gasoline or coffee through their vehicle. GM DETROIT – General Motors is ...
Ford shares pop on report of potential spinoff of EV business
Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayla...
QuantumScape Stock Drops After Earnings. It’s Hard to Say Why.
Text size QuantumScape met its 2021 goals and is making progress in commercializing its battery technology. Courtesy QuantumScape Stock in electric vehicle battery technology provider QuantumScape is ...
Tesla CEO Musk accuses SEC of calculated effort to ‘chill’ his right to free speech
Elon Musk, chief executive officer of Tesla Inc., waves while departing court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images T...
QuantumScape Stock Is Down After Reporting Earnings. It’s Hard to Say Why.
Text size A QuantumScape lab. Courtesy QuantumScape Stock in electric vehicle battery technology provider QuantumScape is dropping after the company reported fourth quarter results Wednesday evening. ...
Elon Musk unloaded billions of Tesla stock — and still owns more than last year
SpaceX founder and Tesla CEO Elon Musk holds a helmet as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon...
EVs dominated Super Bowl ads, but only 9% of passenger car sales
Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. Tingshu Wang | Reuters Six of...
George Soros Buys a Big Rivian Stake
Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...
EV start-up Polestar takes shots at Tesla’s Elon Musk in Super Bowl ad
Electric vehicle start-up Polestar, which is expected to go public this year, used its first-ever Super Bowl ad to indirectly take shots at its competitors, including Tesla and Volkswagen. The 30-seco...
Chevrolet reboots, updates ‘The Sopranos’ intro for Super Bowl ad
Chevrolet rebooted and updated the introduction sequence of the HBO show “The Sopranos” for a surprise Super Bowl ad for its new electric Silverado pickup truck. Chevrolet Chevrolet reboot...
Ford Stock’s Rally Is Fizzling. Why Its Stock Is Still a Buy.
Text size A Ford Mustang at a charging station during the Washington Auto Show in January. Photographer: Al Drago/Bloomberg Al Drago/Bloomberg Wall Street is starting to act like this is as good as it...
Canadian leader declares state of emergency over bridge blockade, plans to arrest protesters
Vehicles clog downtown streets as truckers and supporters continue to protest coronavirus disease (COVID-19) vaccine mandates, in Ottawa, Ontario, Canada, February 10, 2022. Blair Gable | Reuters DETR...
Ford Takes More Capacity Offline Because of Trucker Blockade in Canada
Text size Demonstrators against Covid-19 vaccine mandates block the roadway at the Ambassador Bridge border crossing, in Windsor, Ontario, Canada on Feb. 9. Geoff Robins / AFP via Getty Images Ford Mo...
Soaring used vehicle prices haven’t cooled demand
Demand for used cars remains strong even though the price of preowned vehicles has soared throughout the Covid pandemic, Group 1 Automotive CEO Earl Hesterberg told CNBC on Thursday. Hesterberg said o...
‘Austin Powers’ villains fight climate change
GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also f...
Automakers cut production due to anti-vaccine Canadian trucker protest
Vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, as truckers and their supporters continue to protest against the coronavirus disease (COVID-19) vaccine mandat...
How to know if your car is American-made
Discovering how much of a car is made in America is remarkably difficult. U.S. law requires that companies disclose information about where cars and their parts are made, but the facts they disclose c...
Schwarzenegger, Hayek star as retired Greek gods
Arnold Schwarzenegger and Salma Hayek Pinault star as the Greek gods Zeus and Hera for BMW’s new Super Bowl ad for the iX electric SUV. BMW Arnold Schwarzenegger and Salma Hayek Pinault star as ...
Elon Musk’s Tesla helped make EVs ‘possible in America’
Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, i...
Tesla Finally Gets a Mention as Biden Talks Up Electric Vehicles
Text size President Joe Biden spoke in Washington, D.C., on Tuesday. Brendan Smialowski/AFP/Getty Images President Joe Biden just publicly said the T-word— Tesla —seeming to extend an olive branch to ...
Why Nissan is moving from the internal combustion engine in Europe
The chief operating officer of Nissan has spoken to CNBC about why his company has decided to move away from the development of new internal combustion engines in Europe once a tougher set of emission...
Tesla owns service centers: Pros and cons
Tesla is known for sparking an electric vehicle revolution. It’s also brought services to customers, like mobile repairs and over-the-air tune-ups, that were once reserved for only the most elit...
Toyota U.S. sales chief says win over GM ‘not sustainable,’ but expects bet on EVs to pay off
Toyota is making big bets on hybrids and electric vehicles after dethroning General Motors as America’s top automaker. “What we are still seeing today is that many consumers that are in th...
6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth
Don’t let inflation fears dominate your investment thoughts. Save time to worry about earnings growth, too. Below, some statistical bellyaching and portfolio defeatism, plus one Wall Street bank’s top...