auto

Despite the naysayers and short sellers, Tesla Inc (NASDAQ: TSLA) hit a new all-time high of $400 this week. Although Tesla's fundamentals can be interpreted in different ways, some questions have more concrete answers. To bring the bulls and bears together, Benzinga put together a Tesla quiz...

Sales of automobiles in China declined for the 16th consecutive month in October. The total car sales in the world’s biggest market fell 4% from the same month a year earlier, the China Association of Automobile Manufacturers said Monday, according to the South China Morning Post....

Nio Inc – ADR (NYSE: NIO) shares have crossed the $2 threshold level for the first time since late September after the Chinese electric vehicle maker announced an agreement Tuesday with Intel Corporation's (NASDAQ: INTC) Mobileye. 'The First Of Its Kind' Nio, which is popularly...

Nio Inc – ADR (NYSE: NIO) shares, which came under significant selling pressure last week in the wake of the resignation of the company's CFO, were rebounding strongly Monday. The Chinese electric vehicle maker said in a Monday release it delivered 2,526 vehicles in October, representing...

Ferrari NV (NYSE: RACE) reported third-quarter earnings of $1.01 per share on Monday, which beat the analyst consensus estimate of 95 cents by 6.32%. This is a 14.77% increase over earnings of 88 cents per share in the same period last year. The Italian automaker reported quarterly sales of $1...

Automotive parts supplier company BorgWarner Inc. (NYSE: BWA) is well positioned to take full advantage of the global electrification trend, and investors should be buyers of the "attractively priced" stock, according to Nomura. The Analyst Nomura analyst Anindya Das initiated coverage of...

Dave Royse contributed to this report. It has been a rough five-year stretch for large auto stocks Toyota Motor Corp (NYSE: TM), General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Tesla Inc (NASDAQ: TSLA). Despite a booming market and an overall 52.4% gain for the S&P 500, none...

Bayerische Moto/S ADR (OTC: BMWYY) CEO Harald Krüger’s announcement last week that he will step down as head of luxury carmaker BMW is the latest in a string of auto company CEO turnovers — the fourth this year. The departures remove decades of experience in the top posts at the...

Electrek reported Wednesday that Peter Hocholdinger, Tesla Inc (NASDAQ: TSLA)'s head of production at Fremont factory, is no longer working for the automaker. Hochholdinger was hired by Tesla in 2016. He previously worked as Audi’s senior director of production behind the...

Fiat Chrysler Automobiles NV (NYSE: FCAU)’s decision to scrap its proposal to merge with or acquire French car company Groupe Renault is likely a good idea for the makers of Ram trucks and Jeep Wranglers, but both companies face broader headwinds, according to sell-side analysts. ...

Automaker Ford Motor Company (NYSE: F) confirmed Thursday it will close an engine factory in Wales in September 2020, CNBC reported. What Happened Ford cited its desire to become a more efficient company in Europe in its decision to close the factory. Stuart Rowley, the president of Ford of Europe...

Automaker Fiat Chrysler Automobiles NV (NYSE: FCAU) said Wednesday evening it has withdrawn its proposal to acquire European automaker Renault due to political concerns in France. What Happened Fiat Chrysler said in a press release its proposed merger of equals with Renault has been withdrawn with...

France-based automaker Renault confirmed Monday it will "study with interest" an acquisition proposal made by Fiat Chrysler Automobiles NV (NYSE: FCAU). What Happened Fiat Chrysler detailed in a public letter its desire to merge with Renault to create the world's third latest global...

Global supplier of safety, efficiency and connectivity products for commercial vehicles Wabco Holdings Inc. (NYSE: WBC) reached an agreement Thursday to sell itself to ZF Friedrichshafen AG, a Germany-based leader in driveline and chasis technology along with expertise in active and passive safety...

It was another generally strong year for the auto industry, though it might be better described as the light truck and SUV industry. Analysts said Americans used money freed up by tax cuts to buy new vehicles. Buoyed by a strong economy, corporate buyers also got in on new car fever, with fleet...