General Motors Co
Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley expects the auto industry’s ongoing transition to electric vehicles to force major consolidation […]
Read More
Buick unveils sleek new Wildcat car concept to shake off stodgy image and reinvent the brand for EVs
Buick Wildcat concept Buick DETROIT — General Motors on Wednesday unveiled the Buick Wildcat, a new concept car designed to signal a revolutionary change for the brand, as it moves to offer only electric vehicles in North America by the end of this decade. The car reflects the future design and technological directions of the […]
Read More
Autoworker union accuses GM joint venture of denying access to organize workers
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers to conduct a preliminary […]
Read More
These buy-rated stocks are expected to generate loads of cash and are cheap, Barclays says
As investors search for quality stocks after a choppy month for equities, Barclays has some buy-rated picks that are cheap and expected to generate lots of cash. On Tuesday, stocks struggled to find a direction in the final day of trading in May. All month, stocks have logged some wild moves, with the S & […]
Read More
Investment banks pick their top battery and EV stocks — and there’s 1 Goldman loves
Goldman Sachs loves one EV stock for its battery innovation – and it also makes the bank’s conviction list of top buy-rated stocks. While HSBC named its favorite companies in energy storage, which is one of its “top conviction” themes. Chinese electric vehicle (EV) firm BYD is buy-rated by Goldman for its innovation in batteries, […]
Read More
Electric vehicles are in short supply. Here’s what you can find as gas prices soar
Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric vehicle […]
Read More
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis logo displayed on a phone screen is seen with some of the company brands logos displayed in the background in this illustration photo taken in Krakow, Poland on December 7, 2021. Jakub Porzycki | NurPhoto | Getty Images Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build […]
Read More
Why the first autonomous vehicles winners won’t be parked in your driveway
An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future […]
Read More
Automakers are jacking up prices on electric vehicles to bake in rising materials costs
Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for […]
Read More
These are the cheapest stocks in the S&P 500 that could be buying opportunities
The last two months have been chaotic for Wall Street as big technology giants like Alphabet and Netflix stretch further into bear market territory and the S & P 500 enters a bear market of its own. While the short-term selling could be far from over, the current market conditions may mark an opportune time […]
Read More