auto

General Motors Co. (NYSE: GM) announced Monday that it is suspending the quarterly cash dividend on its common stock and suspending its share repurchase program to preserve near-term available cash due to the coronavirus pandemic. The company said it has extended$3.6 billion under its...

The UAW is negotiating the safe reopening of automobile manufacturing plants shuttered amid the coronavirus pandemic. One of the union’s key demands is that workers who feel unwell should be allowed to self-quarantine without loss of pay, according to Reuters. On Wednesday, UAW...

Goldman Sachs took a deep dive into the U.S. auto industry, initiating coverage on 10 auto manufacturers and suppliers Tuesday. The Auto Analyst Mark Delaney issued the following auto stock ratings: Tesla Inc (NASDAQ: TSLA) initiated at Buy with an $864 price target. Aptiv PLC (NYSE: APTV)...

The COVID-19 pandemic is casting a pall over companies across sectors, and auto parts retailers are no exception. AutoZone, Inc. (NYSE: AZO) has lost its attractiveness due to the specter of demand slowdown and a relatively less attractive valuation, according to an analyst at BofA Securities. The...

Huang Chendong, who is in charge of Nio Inc – ADR's (NYSE: NIO) electric power engineering team, will leave his post by June 30, Chinese media outlet 36Kr reported, which said the news was confirmed by management.  Chendong was promoted to the role of senior vice president in...

In March, Ford Motor Company (NYSE: F) shuttered its U.S. factories as the coronavirus pandemic, with plans to reopen plants as soon as April 6. Now, those plans are being recalculated. Ford Says Health, Safety Are First Priority  Union officials had initially resisted the quick return to work...

Tesla Inc's (NASDAQ: TSLA) efforts to make a big push in China are paying off, according to a report in the Chinese National Business Daily, which cited data released by the Power Battery Application Branch of the China Industrial Association of Power Sources. Tesla's...

Chinese electric vehicle maker Nio Inc – ADR (NYSE: NIO) has been frequenting the debt market of late, with the $235-million private placement announced Thursday only the latest. Nio's Strained Cash Position Nio's latest financial report released in late December revealed a cash...

Tesla Inc. (NASDAQ: TSLA) obtained Chinese government approval Friday to sell longer-range, China-made model 3 vehicles in the country, according to Reuters, which cited the country's Ministry of Industry and Information Technology. The vehicles have a driving range of more than 372 miles...

Tesla Inc (NASDAQ: TSLA) is facing the ire of Chinese customers due to issues with its domestically made Model 3 electric vehicles. Free Replacement For Model 3 Flaw Some customers in China complained that hardware in their newly delivered Model 3 vehicles was the 2.5 version as opposed to the...

The National Highway Traffic Safety Administration is considering whether to investigate reports of unintended acceleration in three Tesla models. NHTSA officials said they'll review a petition asking the agency to open an investigation into reports of unwanted speeding up in 2018 and 2019...

Chinese electric vehicle startup Nio Inc – ADR (NYSE: NIO), which is battling both macroeconomic and company-specific issues, is facing competition from U.S. peer Tesla Inc (NASDAQ: TSLA) as it plunges headlong into the Chinese market. Tesla's China push is unsurprising, as the country...

Tesla Inc. (NASDAQ: TSLA) passed by Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) in combined market value Wednesday, pushing the electric autoaker's market value to nearly $89 billion. This comes after a series of achievements; Tesla posted surprise profits last...

After turning in a strong third-quarter performance that sent its stock soaring by about 54%, Chinese electric vehicle maker Nio Inc – ADR (NYSE: NIO) reported December delivery numbers on Monday that exceeded the company's guidance. Nio's Record Q4 Deliveries Nio said it delivered...

Editor's note: A previous version of this story reported a GAAP earnings figure. Nio's third-quarter non-GAAP EPS loss of 33 cents beat the consensus estimate by 1 cent.  Chinese electric vehicle manufacturer Nio Inc – ADR (NYSE: NIO) reported strong third-quarter...