automakers

Tesla Inc’s (NASDAQ: TSLA) Model Y electric vehicle will help boost sales and emerge as a major disrupter of that country’s auto market in 2021, analysts are estimating, as reported by Reuters on Monday. What Happened: China — the world’s largest car market — saw the...

The automobile sector in the U.S. is bracing up for a drop in output due to a shortage in the supply of chips, reports the Wall Street Journal. In addition to the semiconductor shortage, automakers are also witnessing setbacks like high absenteeism and shipping woes. The WSJ noted that many of the...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Tuesday the electric vehicle maker is open to merging with a legacy carmaker in theory but such a transaction would have to be friendly and not hostile. What Happened: Musk made the disclosure in an interview with Mathias Doepfner, CEO of the German...

General Motors Company (NYSE: GM) will recall approximately 5.9 million vehicles over faulty airbag inflaters as per orders from the National Highway Traffic Safety Administration (NHTSA), the Wall Street Journal reported Monday. The NHTSA earlier concluded that certain makes of Takata...

The Financial Times reports that the United Kingdom will move up the timeline to 2030 for a ban on gas- and diesel-powered cars. This news could impact electric vehicle and internal combustion engine (ICE) auto manufacturers in a major way. What Happened: An announcement is expected next week from...

BYD Company Limited (OTC: BYDDF) enjoyed robust earnings in the third quarter due to a bounce-back in demand for electric vehicles in China and increased sales of face masks. What Happened: The Chinese automaker backed by Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren...

Ford Motor Company (NYSE: F) released its sales results for the third quarter in China on Thursday, ahead of the planned earnings release scheduled for Oct. 28. What Happened: The automakers reported it sold 164,352 vehicles between July and September in China, marking the largest...

Ford Motor Company (NYSE: F) is delaying the production of its Escape hybrid plug-in SUV to 2021 after similar vehicles were recalled in Europe due to adverse incidents with a similar model, Bloomberg reported Monday. What Happened: The hybrid vehicle’s production was slated to...

General Motors Company (NYSE: GM) quarterly sales in China grew for the first time after two years, Reuters reported Tuesday. What Happened: The Detroit-based automaker’s Chinese sales rose 12% in the quarter ended September compared with a similar period a year earlier. GM reportedly...

The Ohio Tax Credit Authority has instructed General Motors Company (NYSE: GM) to repay $28 million, an amount the company received in tax credits over the years. What Happened: The government sanction is a direct result of GM’s decision to shut down its Lordstown plant last year, the...

Fiat Chrysler Automobiles NV (NYSE: FCAU) has agreed to pay a civil penalty of $9.5 million to settle U.S. Securities and Exchange Commission allegations of violating federal securities law by sharing misleading information with investors and stakeholders. What Happened: According to the...

After a short seller targeted Nikola Corporation (NASDAQ: NKLA) over alleged deception, the electric car maker received a show of support from General Motors Company (NYSE: GM). What Happened: General Motors CEO Mary Barra, during a conference with RBC Capital Markets on Monday, claimed...

Toyota Motor Corporation (NYSE: TM) gave an optimistic prognosis when reporting its fourth-quarter results, believing the worst of the economic impact from the coronavirus pandemic was over and expecting that, at its biggest markets at least, sales could rebound even by the year-end. The industry...

Automakers such as General Motors (NYSE: GM), Ford Motor Company (NYSE: F), and Tesla (NASDAQ: TSLA), are planning to reopen factories with enhanced safety precautions. What Happened General Motors workers in Flint, Saginaw, and Bay City, Michigan,  are likely to return to work next week...