Midday movers: General Motors, McDonald's, Pfizer and more
By Liz Moyer Investing.com -- Stocks were moving higher as tech stocks led the gains, aiming to close out January on a high note. Here are the midday movers for Jan. 31. General Motors...
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Warren Buffett backed EV maker BYD in talks to acquire insurer Yi'an
By Michael Elkins BYD (OTC:BYDDY), the Chinese electric vehicle company, announced on Tuesday that the Warren Buffett backed automaker is working on a potential acquisition of Yi'an P&C...
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Analysis-GM goes slow on EVs as rivals fight a price war
By Joseph White and Paul Lienert DETROIT (Reuters) - General Motors (NYSE:GM) Chief Executive Mary Barra is betting that moving more slowly than Tesla (NASDAQ:TSLA) or Ford (NYSE:F) to...
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Ford Surrenders on EV Prices
Ford has announced price decreases on one of its most popular electric vehicles.
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U.S. opens safety probe into 1.8 million Ford Explorer SUVs
WASHINGTON (Reuters) – U.S. auto safety regulators said Tuesday they have opened a safety probe into more than 1.8 million Ford Explorer sport utility vehicles over reports windshield...
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Before the Bell: Ford Takes a Shot at Tesla, Carvana Gets the Meme Stock Treatment
Traders were keeping their powder dry again Tuesday while waiting for the Federal Reserve interest rate announcement due out on Wednesday.
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End of the EV premium? Deflation hits car industry as Ford ups stakes in price war with Tesla
After Elon Musk threw down the gauntlet with his price cuts earlier this month, the pressure is on for rivals to follow suit.
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Ford to cut prices of Mustang Mach-E, following Tesla's lead
By David Shepardson and Aishwarya Nair (Reuters) -Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla...
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Stock market today: Dow wobbles on jitters ahead of Fed meeting, big tech earnings
By Yasin Ebrahim Investing.com -- The Dow closed lower Monday as investors were reluctant to load up on bullish bets ahead of the Federal Reserve decision and further quarterly earnings from...
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S&P 500 falls ahead of Fed meeting, big tech earnings
By Yasin Ebrahim Investing.com -- The S&P 500 fell Monday as investors were wary of making bullish bets on stocks ahead of the Federal Reserve decision and further quarterly earnings from...
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Midday movers: Ford Motor, AMC Entertainment, Advanced Micro Devices and more
By Liz Moyer Investing.com -- Stocks were falling on Monday as investors awaited the Federal Reserve's decision on interest rates and its outlook for future meetings. Here are the midday...
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Tesla to offer additional discounts and supercharging incentives
By Michael Elkins A story by teslarati.com reports today that Tesla (NASDAQ:TSLA) is now offering an additional $3000 discount or 3 years of free Supercharging incentives with the purchase...
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Recession EV price wars have started; expect another 15-20% in cuts - analysts
By Investing.com Staff Global Equities Research analysts weighed in on news Ford (NYSE:F) cut its Mach-E price between $600 to $5,900, which follows cuts from Tesla (NASDAQ:TSLA) and...
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Ford to cut prices while 'significantly' increasing Mach-E production amid Tesla cuts
By Michael Elkins Ford (NYSE:F) announced Monday morning that the American vehicle maker will “significantly” increase production of their Mustang Mach-E this year to help reduce customer...
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Ford cuts prices on electric Mustang Mach-E, following Tesla's lead
Ford said Monday it will lower the price of the Mach-E, which is comparable to Tesla's Model Y, by an average of about $4,500, depending on the model.
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Could Big Tech layoffs keep growing? We'll find out this week.
Could Big Tech layoffs keep growing? We'll find out this week.
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Earnings Watch: Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings
Quarterly earnings from 2022's top five market-value losers will continue what will the earnings season's most hectic week.
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Ford Woes Continue
Ford’s stock has jumped almost 15% in the last month. It is worth remembering that this was from a nearly two-year low. Ford was hit with a bit of bad news recently. It recalled 462,000...
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Labour representative says Ford yet to make proposal on feared cutbacks in Germany
FRANKFURT (Reuters) – Ford executives have offered to hold talks with labour representatives over planned structural changes at the U.S. carmaker’s Cologne plant and other German sites...
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Carmakers face a crossroads as they work to fit auto dealers into their EV plans
For dealers, EVs will mean new employee training, infrastructure and substantial investments to be able to service, sell and charge the vehicles.
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Morgan Stanley bullish as Tesla ushers in the 'Great EV Deflation'
By Michael Elkins Morgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ:TSLA) as the electric vehicle giant's recent price cuts usher in, what MS analysts...
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GM, Ford must convince investors they can profit as prices fall
DETROIT (Reuters) - General Motors Co (NYSE:GM) and Ford Motor (NYSE:F) Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports...
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GM, Ford must convince investors they can profit as prices fall
DETROIT (Reuters) – General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles...
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Yellen lauds Ford’s 100-year history in South Africa, flags more investments
By Andrea Shalal SILVERTON, South Africa (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co’s 100-year history of assembling vehicles in South Africa...
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Tesla's FSD falls in Consumer Reports ratings
By Michael Elkins Consumer Reports announced Wednesday that Tesla's (NASDAQ:TSLA) Full Self-Driving (FSD) system has fallen in the rankings of 12 driver assistance programs evaluated by the...
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: Ford in talks to sell plant in Germany to China-based EV maker, WSJ reports
Shares of Ford Motor Co. F slipped 0.6% in premarket trading, after rallying 5.1% over the past two sessions, after The Wall Street Journal reported the automaker was in talks to sell a...
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Ford in Talks to Sell German Plant to China's BYD
An investment by BYD would mark a big step over seas for China’s electric-car industry.
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Ford to make final call on Europe jobs cuts by mid-February -union
By Victoria Waldersee and Christina Amann
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Ford to cut 3 200 jobs in Europe, with focus on Germany, union says
A majority of the affected positions are concentrated in Germany affecting roles in product development and administrative areas.
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Ford to cut up to 3,200 European jobs, union says, vowing to fight
By Victoria Waldersee and Christina AmannBERLIN (Reuters) -Ford Motor Co plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG...
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Ford to cut 3,200 European jobs; union vows to fight
By Michael Elkins Germany's IG Metall union announced Monday that Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the United States. The union...
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Ford job cuts plan triggers union threat of Europe-wide disruption
By Victoria Waldersee and Christina Amann
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U.S. closes Ford SUV exhaust order probe without seeking recall
WASHINGTON (Reuters) – U.S. auto safety regulators on Monday closed a six-year-old investigation into 1.47 million Ford Explorer SUVs over reports of exhaust odors in vehicle...
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Bakkies launching in South Africa in 2023
Here are five bakkies expected to launch in South Africa this year, including a plug-in-hybrid model.
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Analysis-Tesla uses its profits as a weapon in an EV price war
By Paul Lienert and Joseph White DETROIT (Reuters) - Tesla (NASDAQ:TSLA) Inc earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is...
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MarketWatch First Take: Despite talk of a ‘vast exodus,’ many Western firms still operating in Russia, Swiss researchers say
The research reveals 'a very limited retreat of EU and G7 firms' from Russia.
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Great cars launching in South Africa
Here are some of the coolest cars that are expected to arrive in South Africa in 2023.
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Kelley Blue Book: The $7,500 question: Is it an SUV, or a car? Ask the IRS.
Amid the confusing new rules about EV tax credits is a question of price caps and what qualifies as an SUV.
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Calling Ford's plans to privatize Ontario's public hospital surgeries a "fatal threat" and a "terrible blow" to our public hospitals, health advocates vow major fightback
TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- The Ford government's plans to privatize our public hospitals' vital services are a fatal threat to the core tenet of Canadian Public Medicare...
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Ford Takes Besting From Tesla
Shareholders were upset when Tesla dropped the price of its cars sharply. They assumed Tesla’s sales were in trouble. However, others assumed that the move would trigger a new surge in...
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Midday movers: big bank earnings, Delta Air Lines, Tesla and more
By Liz Moyer Investing.com -- Stocks were wobbling on Friday as investors took in earnings reports from big banks that talked about an economic slowdown. Here are the midday movers for Jan....
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Tesla Market Value Debate Rages On: Is It a Tech or Car Company?
(Bloomberg) -- Wall Street is revisiting the key question when it comes to figuring out how much Tesla (NASDAQ:TSLA) Inc. is really worth: Is it a stodgy automaker or a high-growth...
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GM remains a top pick at Citi ahead of 4Q reporting
By Michael Elkins General Motors (NYSE:GM) remains a top pick at Citi Research ahead of 4Q reporting. Mobileye (NASDAQ:MBLY) remains Citi’s Top Supplier Pick, followed by Aptiv (NYSE:APTV)....
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Ford, General Motors stock follow Tesla lower after EV maker cuts prices
Ford, General Motors stock follow Tesla lower after EV maker cuts prices
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: Ford stock falls, set to snap record win streak in wake of Tesla price cuts
Shares of Ford Motor Co. F dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. The automaker’s stock had...
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