Residents have swab samples collected in a round of Covid-19 testing during a lockdown in Shanghai … [+] on April 7. As much of the world moves on from the pandemic, desperate scenes seeping out...
Tag: gm
China Covid Lockdowns Likely To Be Followed By Policy Easing In 2nd Half — Matthew Asia’s Andy Rothman
Empty roads during a phased lockdown due to Covid-19 in Shanghai, China, on Tuesday, April 5, 2022. … [+] Shanghai reported more than 13,000 daily Covid cases for the first time, as a sweeping l...
Ford stock falls after March vehicle sales drops nearly 26% from a year ago
Shares of Ford Motor Co. fell 0.8% in morning trading, after the automaker said total March sales dropped 25.6% from a year ago to 159,328, but showed an increase from a month ago given improvements i...
U.S. Business Enthusiasm About China Market Undimmed By Ukraine War – At Least So Far
Pedestrians and shoppers walk past a McDonald’s Corp. restaurant in Shanghai in 2018. Photographer: … [+] Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Russia’s invasion of Ukraine has ...
Tesla, GM, and Volkswagen Each Lead the Car Industry in R&D Spending
Text size A Tesla car at the company’s new factory in Germany. Christian Marquardt — Pool/Getty Images Does Tesla spend the most money on research and development? Or is it General Motors? Or Vo...
The All-Electric Cadillac Lyriq Is Here. What It Means for GM Stock.
The Lyriq has 300 miles of driving range, via a 100-kilowatt-hour battery. Cadillac photo Text size General Motors began retail production of its all-electric luxury crossover vehicle, the Cadillac Ly...
Why GM Will Drive Its EV Business Into A Wall
Cadillac LYRIQ on April 19, 2021 in Shanghai, China. (Photo by Wu Kai/VCG via Getty Images) VCG via Getty Images With gasoline prices surging, the timing could not be better for another high-end elect...
Ford Stock Is Down For a Very Odd Reason. No, Production Guidance Wasn’t Cut.
Auto investor nerves are frayed as they deal with Russia, inflation and the persistent chip shortage. Scott Olson/Getty Images Text size Automotive News incorrectly reported over the weekend that Ford...
Good For The Environment, Consumers, And Auto Companies, Bad For Oil Companies
Michael Regan, administrator of the Environmental Protection Agency (EPA), speaks during an event at … [+] the EPA headquarters in Washington, D.C., U.S., on Monday, Dec. 20, 2021. Regan announc...
At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
Ford CEO Shuts Down EV Spinoff Rumors. The Ford Family Won’t Let It Happen.
Ford Motor CEO Jim Farley told investors Wednesday there were no plans to spin off his company’s electric vehicle business. That shouldn’t be a surprise. The Ford family is unlikely to ever let an EV ...
GM Stock Has Tumbled. Director Patricia Russo Bought Up Shares.
Text size GM director Patricia F. Russo (Photo by Monica Schipper/Getty Images for Women’s Forum of New York) Monica Schipper / Getty Images General Motors stock has tumbled in 2022, and directo...
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...
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...
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...
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 ...
GM-Backed Cruise Launches Driverless Ride Service In San Francisco
Cruise opened its autonomous ride service to the public in San Francisco on Feb. 1. Cruise Cruise, the autonomous driving company backed by General Motors, is kicking off its long-awaited robotaxi ser...
Tesla Reported Record Profits. Its Stock Was Punished. It’s a Better Buy Than GM or Ford.
Text size The reaction to Tesla’s fourth-quarter earnings report was the worst to an earnings beat in its history. David Paul Morris/Bloomberg What the heck just happened to Tesla stock? Its shares go...
$7 Billion In New Investments For GM EV Plants In Michigan
Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Spring Hill, … [+] Tennessee. Construction on the approximately 2.8 million-square-foot facility will begin ...
GM Planning $6.5 Billion Investment In Michigan Electric Vehicle Plants, State Says
Topline General Motors and Ultium Cells — a battery developer run by GM and LG Energy Solution — are planning a $6.5 billion investment in electric vehicle and battery plants in Michigan, according to...
Ford Stock Has Run Too Far. Why It’s Like Tesla.
Text size Ford stock is down a little following the rating cut from RBC. Scott Olson/Getty Images Ford Motor shares were downgraded by an RBC analyst Friday. Weakening Wall Street sentiment actually m...
Supply-Chain Constraints Are Easing. 5 Stocks That Should Benefit.
Text size STR/AFP via Getty Images Global supply-chain constraints are beginning to ease, which will benefit a host of stocks. The surge in economic demand last year brought on by reopenings and econ...
GM’s Chevy Silverado EV Has Arrived. It Could Move the Stock.
Text size A 2024 Silverado EV RST. Courtesy GM Launches of new models typically aren’t stock-market issues for traditional auto manufacturers, but things are changing. General Motors ‘ unveiling of th...
Ford Is All In on EVs. One Analyst Isn’t Buying It.
Text size Ford SUVs on a sales lot. Justin Sullivan/Getty Images Ford Motor made waves this week, announcing plans to create separate business units inside the company, one for electric vehicles and t...