automotive

The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts. The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA...

UAW President Shawn Fain did not mince words in a Thursday pushback against General Motor Company’s (NYSE: GM) wage offer, branding it as "insulting" during tense negotiations between the United Auto Workers union and Detroit's automotive giants. What Happened: GM's offer...

XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-...

Carvana Co. (NYSE:CVNA) has successfully ramped up its cash reserves by trimming costs. Yet the ongoing turbulence in the used car sector has Morgan Stanley analyst Adam Jonas pondering the sustainability of Carvana’s overarching strategy. Morgan Stanley Issues Mixed Signals On Carvana...

Last week, Ford Motor (NYSE: F) revealed its EV transformation is set to bring a $4.5 billion loss this year, with the legacy automaker increasing its loss estimate despite the increase in EV revenue. Meanwhile, pioneering automotive and energy accessories innovator and maker, Worksport Ltd (NASDAQ...

Ford Motor Company (NYSE: F) reportedly recalled 870,000 F-150 trucks in the United States Friday wing to the activation of the electric parking brake due to a possible wiring issue. The recall covers F-150 trucks from 2021 through 2023, Reuters reported, citing a filing with the...

Ford Motor Company (NYSE: F) is set to print its second-quarter financial results after the market close Thursday. The stock was popping up about 1.5% heading into the event. When the legacy-turning-electric vehicle manufacturer printed its first-quarter results on May 1, the stock shot up 2.4% at...

With Quiver Quantitative’s recent institutional holdings data, we can see that many hedge funds and asset managers have increased their stake in Carvana (NYSE: CVNA). Firms such as Point72 Asset Management, Coatue Management, and Fidelity Investments have all added to their CVNA...

While Tesla Inc (NASDAQ: TSLA) continues to rule the EV kingdom and raise the bar, General Motors (NYSE: GM) reported its second quarter results, with both revenue and earnings soaring as well as topping Wall Street estimates. The automaker has also boosted its profit guidance for the second time,...

The alliance between Ford Motor Co (NYSE:F) and Contemporary Amperex Technology Co. Limited, CATL, has drawn the attention of two U.S. House of Representatives committees. The focal point of the investigation is Ford’s plan to construct a $3.5-billion battery facility in Michigan, utilizing...

Carvana Co (NYSE:CVNA) shares skyrocketed nearly 50% this week after the company issued its second-quarter earnings report, despite reporting a decline in sales. Investors and analysts are responding positively to better-than-expected metrics, debt restructuring and the prospect of positive...

Like many OEM EV startups, Canoo (NYSE: GOEV) is crossing a major milestone. After months of delays, the company is on track to begin production, which means revenue is at hand. The news is helping shares to form a bottom and may lead them higher, but risks keep the short-sellers in the market....

Ford Motor Co (NYSE: F) traded slightly higher in the premarket session Wednesday after closing Tuesday’s session down over 3%. The move lower on Tuesday came amid shares of General Motors Co (NYSE: GM) falling over 4% after the latter announced first-quarter earnings and ...

General Motors Company (NYSE: GM) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings...

Tesla, Inc (NASDAQ: TSLA) was trading lower Monday, in tandem with the S&P 500, which was reacting bearishly to jobs data reported on Friday when the market was closed. The electric vehicle giant has seen bearish momentum after reporting production and delivery numbers for the first quarter as...