Jamie Dimon Is Changing His Tune About an Economic Hurricane. He’s Not Alone.

After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year. Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he should...

Competitors chip away at Tesla’s share of U.S. EV market

DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collec...

Elon Musk Has the Next Tesla CEO in Mind. There Are a Few Candidates.

Tesla board member James Murdoch said Elon Musk knows who could run  Tesla after him. It might have been a throwaway line said while being questioned in a trial. Still, it’s a chance for investors to ...

Ford stock is now a ‘sell’ at UBS as an oversupply problem looms

Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...

U.S. auto sales fall slightly in Q3, but GM is a bright spot

DETROIT — U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new ca...

Porsche Stock Pops in First Day of Trading and Volkswagen Drops. Here’s Why.

Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsc...

Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears

BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which c...

VW Board Ousts CEO Herbert Diess After Pivot to Electric Vehicles

Key shareholders in Volkswagen joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electr...

Manufacturers Brace for Nord Stream Repairs, Fearing Pipeline Won’t Reopen

PARIS—European manufacturers are preparing for possible natural-gas rationing that would force them to shut production amid fears that Russia is about to cut off gas deliveries via its main artery to ...

Volkswagen says supply-chain problems are easing even as some Audi buyers face year-long wait times

Executives with German automobile maker Volkswagen said at the World Economic Forum meeting in Davos, Switzerland, that supply-chain problems exacerbated by the Russia-Ukraine war are easing but they’...

Russia war could further escalate auto prices and shortages

BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more ...