General Motors Co
GM reclaims title as America’s top automaker after a 2.5% jump in sales last year
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% […]
Read More
Ford says F-Series pickup continued its decadeslong dominance in 2022
2023 Ford F-150 Raptor R Ford DETROIT – The Ford F-Series continued its decadeslong U.S. sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday. Ford Motor reported sales of its F-Series, which includes the F-150 pickup and its larger siblings, surpassed 640,000 trucks last year – making it America’s […]
Read More
Tesla reports 1.31 million deliveries in 2022, expansion of 40% around final calendar year
Tesla just released its fourth-quarter car manufacturing and shipping and delivery report for 2022. Below are the essential numbers. Overall deliveries Q4 2022: 405,278Full manufacturing Q4 2022: 439,701Overall yearly deliveries 2022: 1.31 millionWhole once-a-year output 2022: 1.37 million Deliveries are the closest approximation of product sales disclosed by Tesla. These numbers represented a new file […]
Read More
Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021, […]
Read More
The Nasdaq had its worst year considering that 2008. These are the ideal and worst performers and what to anticipate in 2023
2022 introduced an stop to an remarkable bull operate for technologies — and the worst year for the Nasdaq Composite considering the fact that 2008. Don’t be shocked if 2023 kicks off with a rocky begin. As of Friday’s near, the tech-centric index had plummeted practically 33% this calendar year, dragged down by mega-cap tech, […]
Read More
Tesla’s inventory is headed for its worst thirty day period, quarter and yr on record
Win McNamee | Getty Visuals Tesla’s selloff intensified on Tuesday, with the inventory dropping one more 8%. Elon Musk’s electric car or truck business is days away from closing out its worst thirty day period, quarter and 12 months on file and has moved past Meta to develop into the worst-undertaking stock in 2022 amongst […]
Read More
Tesla, GM, Ford questioned by U.S. senator about Chinese source chains and connections to forced labor
Senate Finance Committee Chair Ron Wyden, D-Ore., asked big automakers, including Tesla, Common Motors and Ford, to supply aspects about their Chinese supply chains soon after a examine uncovered hyperlinks amongst some automobile providers and Chinese entities in a region in which U.S. officers say forced labor exists. Wyden despatched letters to 8 automakers, asking […]
Read More
I drove hundreds of miles ‘hands-free’ in GM, Ford and Tesla cars and trucks – here’s how it went
The 2023 Lincoln Corsair will offer the firm’s up coming-era ActiveGlide fingers-free sophisticated driver help system (ADAS) for freeway driving like lane-modifying, in-lane positioning and predictive velocity assist. Lincoln DETROIT – Permitting go is difficult. Even if major automakers want to make it less difficult. Vehicle providers are swiftly expanding technologies that can command the […]
Read More
Elon Musk tries to reveal why Tesla shares are tanking
Shares in electric powered auto maker Tesla sank to a new 52-week low on Tuesday, closing close to $138 per share, or 8% decrease for the working day in an otherwise blended working day for stocks. CEO Elon Musk experimented with to blame the sinking price partly on macroeconomic things. relevant investing information Very long-time […]
Read More
Auto executives are less confident in EV adoption than they were a year ago
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicles than they were a year ago amid supply chain problems and rising economic concerns, according to a survey released Tuesday. Of the […]
Read More