auto

Even as May’s inflation print was better-than-expected, it snapped a four-month falling streak and rose slightly, hinting that firms absorbed some tariff-induced price hikes. What Happened: “Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in...

Michigan-based automaker Slate Auto is preparing to shake up the electric vehicle (EV) market with the introduction of its minimalist, highly affordable electric truck, the Slate Truck, which is priced under just $20,000. What Happened: Slate Auto has revealed a new electric truck that is set to...

The action in Advance Auto Parts, Inc. (NYSE:AAP) has some investors and traders confused. The company released its earnings report Thursday and it was well short of estimates. But the shares are trading higher. This is why it is our Stock of the Day. The company reported a loss of four cents per...

A new patent from Ford Motor Company (NYSE:F) could change the way drivers and passengers experience advertisements. What Happened: The Detroit-based automaker is not new to filing patents. In recent years, it devised an idea for drones to provide roadside assistance and electric vehicles that...

General Motors Co (NYSE:GM) exceeded earnings expectations as it reported first-quarter (Q1) earnings on Tuesday. The company achieved a 7.6% year-on-year increase in quarterly sales, reaching $43.01 billion, surpassing the analyst consensus of $41.88 billion. Additionally, adjusted EPS stood at $...

United Auto Workers (UAW) President Shawn Fain is gearing up to organize more nonunion automaker factories on the heels of a major victory at a Volkswagen (OTC:VWAGY) plant in Tennessee. What Happened: Fain told multiple media outlets on Monday and over the weekend that the UAW’s $40-million...

Ford Motor Company (NYSE:F) has reportedly ceased deliveries of all 2024 model year F-150 Lightning electric pickup trucks to conduct unspecified quality inspections. The second-largest automaker in the U.S. stated that the suspension of shipments commenced on Feb. 9, Reuters reported.  There was...

The United Auto Workers (UAW) threatened to strike at a Ford Motor Company (NYSE:F) plant in Kentucky if union demands aren't resolved within the next seven days. What Happened: The Detroit union on Friday confirmed that nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant — the company...

JPMorgan’s latest Global Automotive survey unveiled intriguing insights into the evolving landscape of electric vehicles (EVs), with a particular focus on Tesla Inc‘s (NASDAQ:TSLA) position and the reception of its Cybertruck. The survey, spanning eight countries and over 6,000...

With its fleet of robotaxis currently parked following an accident with a pedestrian in October, can Cruise, the autonomous vehicle (AV) operator, recover the reputational damage the incident has caused — not just for the GM (NYSE:GM)-owned company, but for all operators of AVs? This is what GM is...

Leading automotive company Ford Motor Co (NYSE:F) will report fourth-quarter financial results after market close on Tuesday, Feb. 6, 2024. Here's a look at the key estimates from analysts for the fourth quarter, what analysts are saying and key items for investors to watch. Earnings Estimates:...

Auto rivals Toyota Motor Corp (NYSE:TM) and Ford Motor Co (NYSE:F) are both reporting earnings on Feb. 6, and investors are keen to understand their contrasting market positions and technological focuses. While Tokyo-based Toyota is reporting before market hours on Feb. 6, Dearborn, Michigan-based...

Tesla, Inc. (NASDAQ:TSLA) shares fell sharply Monday and pulled back below the $180 level, dragged by a few catalysts, including a downward price target revision by Piper Sandler. The Tesla Analyst: Piper Sandler analyst Alexander Potter maintained an Overweight rating and reduced the price target...

A Delaware judge recently voided a compensation plan for Telsa Inc (NASDAQ:TSLA) CEO Elon Musk from 2018, which was previously approved by the company's board of directors and shareholders. The decision has prompted Musk and Tesla to consider changing their incorporation from Delaware to Texas, the...

Investors in Tesla Inc (NASDAQ:TSLA), the electric vehicle pioneer, are closely monitoring a concerning technical indicator — the Death Cross. This bearish signal, a crossover of the 50-day moving average (yellow line above) below the 200-day moving average (blue line above), has historically been...