auto

Renault SA (OTC:RNLSY) reported a strong global sales volume growth of 9.0% to 2,235,345 vehicles in 2023. By brand, Renault sales volume increased by 9.4% Y/Y to 1,548,748 vehicles, led by outperformance in Europe (+19.3% Y/Y); Dacia volume rose 14.7% Y/Y to 658,321 units; and Alpine volumes...

Rising labor costs for U.S. automakers are sowing the seeds for deeper investment in automation after settlements last year to end a month of strikes at car plants across the country saw automakers agree to large wage increases for American auto workers. The Big Three Detroit motor manufacturers...

Tesla Inc's (NASDAQ: TSLA) assertion that the Cybertruck can outpace a Porsche 911 even while towing one has been scrutinized in a new YouTube video by an engineer known for his analytical approach to automotive performance. Contrary to the statement made at Tesla's high-profile...

The escalation over the Red Sea continues to impact shipping for major companies and industries around the world after a U.S.-controlled tanker transporting oil Thursday morning was seized. What Happened: Continued attacks on shipping vessels in the Red Sea will impact one of the largest automotive...

Hertz Global Holdings Inc (NASDAQ:HTZ) announced Thursday it planned to cut one-third of its global EV fleet over the year. Following the announcement, Hertz CEO Stephen Scherr suggested the road to electrification could be bumpier than anticipated. What To Know: In a new regulatory filing, Hertz...

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) had an eventful 2023 with the first deliveries of its highly anticipated Cybertruck electric pickup truck. The company may have also hit a new world record thanks to its bestselling SUV. What Happened: Tesla recently announced fourth-quarter delivery...

Equity markets have been in retreat so far in 2024 as investors take profits following the strong run in the fourth quarter. Sentiment has been driven by concerns that an economic slowdown could hit corporate earnings in the coming quarters. On Wednesday, early index futures trading appeared to...

The auto industry has been in focus, with EV makers gaining attention. Auto volumes are likely to decelerate in 2024, after a year of “solid” growth in production and sales, with the easing of supply chain constraints, according to Goldman Sachs. The Auto Analyst: Mark Delaney...

General Motors was riding high today following its announcement on Wednesday of further shareholder returns and the reinstatement of its full-year guidance. Shares in General Motors Co (NYSE:GM) were up 0.76% at $31.83 on Thursday, following a 9.4% surge in the previous trading session. The company...

The United Auto Workers union has initiated a campaign to unionize workers at 13 non-union automakers across the United States. This initiative, announced on Wednesday, aims to bring nearly 150,000 autoworkers from major companies including BMW (OTC: BMWYY), Honda (NYSE: HMC), Hyundai (OTC: HYMTF...

One of the most anticipated automotive launches of all time is set for Thursday, with Tesla Inc (NASDAQ:TSLA) set to make the first deliveries of the Cybertruck electric pickup truck. The event is several years in the making and comes after several delays. Here's a look back at the Cybertruck...

Tesla, Inc. (NASDAQ:TSLA)’s Cybertruck launch event is exactly a week away. CEO Elon Musk amped up expectations by providing an update Wednesday on the logistics of the much-awaited electric pickup truck, and an analyst who is uber-bullish on the vehicle offered his take on the potential...

The October nonfarm payrolls report released Friday shows an increase of 150,000 jobs and an unemployment rate of 3.9%. Yet the piece of the report that steals the spotlight is the the 33,000-job decline in the motor vehicles and parts manufacturing space, courtesy the UAW strike. The 33K-Job Gap:...

More than six weeks into a strike, General Motors Co (NYSE: GM) has reached a tentative deal with the United Auto Workers that would put an end to collective bargaining talks.  What To Know: According to a Bloomberg report citing people familiar with the matter,...

Ford Motor Company (NYSE: F) is set to print its third-quarter financial results after the market close Thursday. The stock was falling slightly heading into the event. When the legacy-turning-electric vehicle manufacturer printed its second-quarter results on July 27, the stock closed down 3....