automakers

Ford Motor Co’s (NYSE: F) efforts to pivot from traditional combustion engines to electric vehicles could see it run into a negative margin mix as the demand for IC engines is expected to remain strong for a while in the United States, CEO Jim Farley told investors on Wednesday. What Happened...

General Motors Co (NYSE: GM) will halt production of its profitable full-size pickup trucks next week at most U.S. and Mexican facilities due to the ongoing global shortage of semiconductor chips, CNBC reported Wednesday, citing the company. What Happened: The Detroit-based automaker will cut...

Volkswagen AG (OTC: VWAGY) all-electric vehicle deliveries in China more than doubled to 18,285 vehicles in the first half of the year but fell massively short of ace rival Tesla Inc’s (NASDAQ: TSLA) nearly 145,181 deliveries so far this year. What Happened: Volkswagen said its first-half...

Ford Motor Co (NYSE: F) is exploring shipping vehicles sans chips to dealers as it looks to mitigate the inventory pileup of unfinished vehicles and keep the manufacturing plants running, Automotive News reported on Thursday. What Happened: The strategy will help Ford save time and quickly deliver...

Tesla Inc (NASDAQ: TSLA) and Ford Motor Co (NYSE: F) will continue to face lower inventories for new vehicles due to the global chip and component shortages, Loup Ventures Managing Partner Gene Munster wrote in his latest note. What Happened: U.S. customers waiting to buy new vehicles have been...

General Motors Co (NYSE: GM)’s sharp focus on the switch to electric vehicle rollout is being noticed by Wall Street investors and the Detroit-based legacy automaker could trade at multiples similar to Tesla Inc. (NASDAQ: TSLA) and other pure-play EV rivals, according to Wedbush. The GM...

Chinese legacy automaker BYD Co Ltd (OTC: BYDDF) could transition to a fully new-energy-vehicle portfolio, a Huaxi Securities analyst said, as reported by cnEVpost on Tuesday. What Happened: Huaxi analysts said that BYD's "full transition to new energy vehicles is about...

Shares of legacy automakers General Motor Co (NYSE: GM) and Ford Motor Co (NYSE: F) have fetched stunning returns in the first six months this year that their pure electric vehicle rivals Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO) can't match. What Happened: With a much smaller market cap...

U.S. automakers are struggling with the lowest inventory in nearly twelve years but that may not be bad news as a combination of strong demand and a dearth of enough vehicles at dealerships is pushing new car prices and profits to record highs, say industry experts. What Happened: The U.S. new...

Cathie Wood-led Ark Investment Management on Wednesday shed 123,982 shares, estimated to be worth about $7.3 million, in the Chinese automaker BYD Co (OTC: BYDDY), its third straight sale in the company this week. OTC shares of BYD, backed by Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B)...

Ford Motor Co’s (NYSE: F) CEO Jim Farley said on Wednesday he expects the ongoing semiconductor shortage situation to get better sometime in 2022, without specifying a sharper timeline. What Happened: The No. 2 U.S. automaker by volume is relying on tight inventory amid strong demand to tide...

General Motors Co (NYSE: GM) said on Wednesday the ongoing semiconductor shortage and rising commodity inflation could bring in a $2 billion to $3 billion headwind in the second half of the year. What Happened: The No.1 U.S. automaker expects chip shortage to continue in the second half of 2021...

Renesas Electronics Corp (OTC: RNECY) said on Tuesday its semiconductor plant in Japan damaged by fire on March 19 will now be fully back up by mid-June, compared with an earlier timeline of May-end.  What Happened: The chipmaker said it had completely procured the equipment damaged in the...

Ford Motor Co (NYSE: F) announced on Wednesday it plans to boost spending on electric vehicle development to $30 billion by 2025 under a new turnaround plan and expects 40% car sales by 2030 to be EVs.  What Happened: The news sent the company's shares near to a five-year high....

Nio Inc. (NYSE: NIO) CEO William Li believes the Chinese electric vehicle maker’s approach of targeting the premium segment from the beginning gives it a higher chance of success, cnEVpost reported Sunday. What Happened: “I think the approach of targeting the high-end market has a...