Autos
Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. The results and comments followed concerns […]
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Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It […]
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Ford’s earnings beat, significant free cash flow mean we’re sticking with the auto stock
Ford Motor (F) reported an earnings beat for the third quarter, while demonstrating solid free cash flow — a key reason why the Club still backs the automaker. Source
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Tesla faces U.S. prison probe around self-driving promises, resources say
Tesla is beneath prison investigation in the United States in excess of statements that the firm’s electric vehicles can drive themselves, three folks familiar with the matter reported. The U.S. Section of Justice released the earlier undisclosed probe previous yr subsequent more than a dozen crashes, some of them deadly, involving Tesla’s driver aid process […]
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Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs
2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in […]
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Ford Motor is set to report earnings after the bell. Here’s what Wall Street expects
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor is set to report its third-quarter earnings after the bell on Wednesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: 27 cents Automotive revenue: $36.25 billion Ford last month set investor expectations for the third quarter by partially […]
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South Korea, U.S. in ‘intense conversation’ around EV tax credits, trade ambassador says
Hyundai executives and government officials crack floor on the automaker’s new “Metaplant The united states” in Bryan County, Ga, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH, Ga. – South Korean officers are doing work intently with the U.S. govt to adjust restrictive laws on electric automobiles underneath the lately passed Inflation Reduction […]
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Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. Ford expects the new design of the 2023 Escape, in combination with additional convenience and safety technologies, to help […]
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France enters ‘white gold’ rush as top producer aims to source Europe with lithium
A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to improve the number of electric powered vehicles on its roads in the coming a long time. Ronny Hartmann | AFP | Getty Visuals Paris-headquartered minerals giant Imerys plans to acquire a lithium extraction undertaking that it is hoped will help […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors is set to report its third-quarter earnings before the bell on Tuesday. Here’s what Wall Street is […]
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