automakers

Barclays issued a warning that the tariffs recently imposed by U.S. President Donald Trump could potentially eliminate the profits of Detroit’s “Big Three” automakers – General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis NV (NYSE:STLA). What Happened: President Trump...

Volkswagen AG (OTC:VWAGY) is upset about U.S. President Donald Trump‘s proposed tariffs on imports from Mexico. The Wolfsburg, Germany-based car manufacturer “is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers...

Shares of General Motors Company (NYSE:GM) are little changed Monday despite news that rivals Honda Motor Co., Ltd. (NYSE:HMC) and Nissan Motor Co., Ltd. (OTC:NSANY) are discussing a merger. This would create the world's third-largest automaker. It is not clear how this would affect the long-term...

In a shortened trading week for the Thanksgiving holiday, President-elect Donald Trump sent shockwaves through the markets by announcing plans to impose a 25% tariff on all imports from Mexico and Canada alongside a 10% hike on Chinese goods. These measures, he indicated, aim to pressure these...

European Automakers criticized the European Union (EU) for imposing tariffs today on Chinese electric vehicles (EVs).  Mercedes Benz AG called them a "mistake," saying "punitive tariffs worsen the competitiveness of an industry in the long term." BMW AG said the move marked a "fatal sign" for...

Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies. What Happened: Morgan Stanley analyst Adam Jonas downgraded Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM) and...

General Motors Company (NYSE:GM) stated its commitment to establishing a profitable and self-sustaining operation in China despite the intense competition from local brands. “We’re committed to maintaining cash stability there at a point where it’s self-sustaining. That means not...

U.S. Sens. Ron Wyden (D-Ore.) and Ed Markey (D-Mass.) wrote a letter to Federal Trade Commission (FTC) Chair Lina Khan on Friday, urging the commission to investigate the automotive industry‘s handling of driver data. Letter Overview: The letter asks the FTC to investigate automakers’...

Key Takeaways: Cango’s revenue has fallen sharply in recent quarters, including an 88% drop in the first quarter, as it downplays its self-operated car-trading service to reduce inventory risk The company launched its Autocango cross-border car trading platform in March, aiming to tap...

During the first three months of 2024, Hyundai Motor Group (OTC: HYMTF) surpassed Volkswagen Group (OTC: VWAGY) in terms of operating profit, taking its second place, with Toyota Group (NYSE: TM) remaining on the global auto industry throne. Hyundai Surpassed...

On Tuesday, General Motors (NYSE: GM) did a lot better than expected during the first three months of 2024. The Detroit automaker also lifted its 2024 guidance fueled by strong truck sales in North America. First Quarter Highlights During the first three months of the year, GM reported revenue...

United Auto Workers (UAW) President Shawn Fain is gearing up to organize more nonunion automaker factories on the heels of a major victory at a Volkswagen (OTC:VWAGY) plant in Tennessee. What Happened: Fain told multiple media outlets on Monday and over the weekend that the UAW’s $40-million...

General Motors (NYSE: GM) and Ford Motor (NYSE: F) will report their first quarter results next week. They both need to answer how they intend to grow their profits amid the EV slowdown to which even the EV king, Tesla Inc (NASDAQ: TSLA), isn’t immune. Tesla warned of slower growth this year...

On Wednesday, Volkswagen AG (OTC: VWAGY) revealed that together with its Chinese EV partner, XPeng Inc (NYSE: XPEV), they have developed a new architecture for EVs. The EV pioneer Tesla Inc (NASDAQ: TSLA) has been leading the market when it comes to architecture that reduces the...

The Italian government stated that it is talks with Tesla Inc (NASDAQ: TSLA), as well as with Chinese automakers, in attempt to get them to bring their manufacturing to the country and boost the national output after years of decline on the automotive front. At an event in...