Stellantis NV
Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early […]
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Automakers report earnings this week. GM is set to be the standout
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and vehicle prices stable during the first half of the year for America’s […]
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These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
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UAW taking into consideration subsequent steps on anxieties Trump could conquer Biden, Reuters reviews
Joe Biden and Donald Trump 2024 Brendan Smialowski | Jon Cherry | Getty Illustrations or photos United Vehicle Staff President Shawn Fain fulfilled with the union’s govt board late on Thursday to explore his deep fears with President Joe Biden’s ability to defeat Donald Trump in the November election, three sources familiar with the make a difference reported. Fain called alongside one another best officers […]
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An alphabet soup of ‘electrified’ vehicles awaits new car buyers as EV sales stall
GM launched ‘EV Live,’ a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them. Courtesy: GM DETROIT — Purchasing a vehicle has never been that easy. But shoppers entering traditional dealer showrooms for the foreseeable future may have a […]
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U.S. car sales are predicted to gradual during the 2nd fifty percent of 2024
Autos sit on a Chevrolet dealership’s whole lot on June 20, 2024 in Chicago, Illinois. A cyber assault on CDK World-wide, a software package company that can help dealerships control product sales and support, has crippled the workflow at close to 15,000 dealerships across the United States and Canada. Scott Olson | Getty Photographs DETROIT […]
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Top BofA auto analyst says Detroit automakers need to exit China as soon as possible
Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China. China Photos | Getty Images DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese […]
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Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. RH — The luxury retailer plummeted 18.6% after reporting […]
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Stellantis has achieved $9 billion in cost reductions from merger
Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company’s investor day at its North American headquarters in Auburn Hills, Mich. Michael Wayland / CNBC AUBURN HILLS, Mich. – Stellantis has achieved 8.4 billion euros ($9 billion) in cost reductions from the merger of Fiat Chrysler and PSA Groupe that created […]
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Stellantis plans to grow Jeep sales 50% by 2027
Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC AUBURN HILLS, Mich. – Stellantis expects to grow sales of Jeep vehicles globally by 50% in the next three years, as the automaker attempts to leverage the quintessential American SUV brand for increased profits. The transatlantic automaker on Thursday said it will expand production and […]
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