BYD's Seagull
The automotive world is abuzz with the emergence of the Seagull, a tiny, low-priced electric car from Chinese automaker BYD. Priced around $12,000 in China and crafted with pr...
Revolutionizing Wheels
Embracing automotive culture extends beyond transport, embodying individuality, ambition, and status. In a recent study by Tinting Chicago, American automotive desires reveal iconic cars that transcend function to become symbo...
Electrifying Evolution
In a recent address at the Wolfe Research Global Auto and Auto Tech Conference, Ford's CEO Jim Farley reflected on pivotal aspects of the company's trajectory, spanning from labor relations to electric vehicle (EV) strategies....
Revving Up the EV Tax Credit Turbulence
Starting Monday, recent amendments to U.S. Treasury regulations have brought about significant alterations to federal tax credits related to ele...
EV Tax Credits in Peril
Senator Joe Manchin, Chair of the Senate Energy and Natural Resources Committee, is calling on Congress to reconsider recent guidance from the Treasury Department on electric vehicle (EV) tax credits....
High Stakes
Detroit's unionized auto workers, despite their pending wage increase, are among the world's highest-paid employees when considering benefits such as healthcare. Their employers currently have the financial capacity, but these elevated l...
UAW Strikes Shake the Auto Industry
The automotive industry is facing significant workforce reductions as United Auto Workers (UAW) strikes persist.
Ford's Layoffs
On Monday, Ford announced layoffs affecting approximately 330 employees&n...
Brewing Success
On Friday, stock futures are indicating a positive start as Wall Street eagerly anticipates the latest U.S. inflation data, concluding what has been a challenging month for equities this year.
Key highlights for Friday
Nike's stock...
Wall Street Whispers
Stock futures declined on Tuesday, and Treasury yields moved higher as belief grows on Wall Street that the Federal Reserve will likely keep interest rates higher for an extended period.
Ford
Ford announced...
Revving Up for the Future
General Motors and Ford, two automotive powerhouses, are not slowing down. Despite their significant investments in future electric vehicles, they are also making substantial commitments to internal comb...
Electric cars from BMW
Germany's BMW is investing $1.7bn in electric car production in the US. The head of the company, Oliver Zipse, told Reuters on Wednesday.
He said the company plans to produce at least six models of BMW electric...
Stock market today
Key indices on the New York Stock Exchange rose by 0.3-0.5 percent at the beginning of Thursday's trading session, showing positive dynamics for the second time in a week amid the situation aroun...
Stock market on Wednesday
Key indices on the New York Stock Exchange rose by 0.4-0.5% at the beginning of Wednesday's trading session, showing positive dynamics for the first time in a week amid the situation around Ukraine.
According to data poste...
Не лучшие времена
Акции Tesla (TSLA) продолжили падение в понедельник на фоне новостей о продаже еще одной крупной доли генеральным директором Илоном Маском . Пессимизма добавило появление еще одной соперницы - Rivian , а также иск JPMorgan Chase .
...
Tesla shares sale
Elon Musk, Tesla's CEO and the richest man in the world, according to regulatory filings, sold more than 4.5 million Tesla shares this week, raising about $5bn. Tesla's sh...
Biggest IPO in history
Rivian's listing on the Nasdaq exchange was one of the most anticipated in 2021 investors were not disappointed. The company raised $11.9bn for its development and was valued at $85.9bn, higher than Ford's capitalisation, for ...
Schedule for the week
This week the stock markets will be awaiting a slew of reports from major US companies. Investors should pay attention to reports from Apple, Microsoft, Amazon, Google and Facebook as they will aff...
Rivian's IPO
Electric SUV maker Rivian on Friday said it had filed for an IPO with the SEC. The media report a potential market valuation of $80bn for Rivian. However, this valuat...
Losses and plant closures
General Motors reported strong second-quarter results thanks to strong price increases for its pick-up trucks. However, the loss of $800m on the recall of nearly 69,000 Chevrolet Bolt EVs and the closure of GM factories due...
State of the stock market on Thursday
Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next.
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