automakers

2023 has already been named as the year of the pickup. Tesla Inc (NASDAQ: TSLA) is finally entering this market with its eagerly awaited Cybertruck that is finally entering protection and going on sale later this year. With reportedly 1.6 million orders, all that Tesla has to do is ensure the...

Geely Automobile Holdings Ltd (OTCPK: GELYY) (OTCPK: GELYF) on Tuesday reported yearly earnings, snapping four consecutive years of profit decline, owing to better sales. What Happened: Geely Auto posted yearly revenue of RMB147.96 billion ($21.51 billion), a 46% jump year-on-year. Profit...

Toyota Motor Corp. (NYSE: TM) successfully defended its title as the world’s biggest automaker by volume despite the tough macroeconomic backdrop. What Happened: Toyota reported on Monday that its worldwide sales, including the numbers from its subsidiaries, came in at 10.48 million units in...

The year 2022 was tough for automakers as they had to contend with supply chain challenges and softening consumer demand. What Happened: Industry-wide auto sales fell 8% year-over-year to 13.7 million vehicles in 2022, reported The Wall Street Journal. This marked the lowest number since 2011....

Rivian Automotive, Inc. (NASDAQ: RIVN) has the distinction of launching the first electric pickup truck — the R1T, ahead of Ford Motor Company’s (NYSE: F) F-150 Lightning truck and Lordstown Motor Corp.’s (NASDAQ: RIDE) Endurance. Late Wednesday, the Irvine, California-based...

Cars shape the way we live our lives. For most, it is a way to get from one place to another, but others see it as a symbol of status or a collector's item. Since the Model T, cars have been integral to American culture with the pros outweighing the cons.   For investors, one...

Shares of Chinese automotive giant BYD Co. Ltd (OTC: BYDDF) (OTC: BYDDY) sank as much as 11% during the trading session in Hong Kong on Tuesday after reports surfaced that Warren Buffett’s Berkshire Hathaway Inc (​​​​NYSE: BRK-A) (NYSE: BRK-B) may be adjusting its holding. What Happened...

Long-lasting global auto semiconductor chip shortages could ease sooner than expected on the back of strong foundry shipments, consumer electronics slowdown and China re-opening, Morgan Stanley analyst Adam Jonas said on Tuesday. What Happened: The analyst who tracks automakers like Tesla Inc...

General Motors Co (NYSE: GM) informed nearly 5,000 customers that hackers stole some of their personal data, Bloomberg News reported on Tuesday, citing a data breach notice filed with California regulators. What Happened: Hackers breached some online accounts of GM customers in April and accessed...

In a bid to catch up with its peers, Mahindra and Mahindra's (OTC: MAHMF) chief said the Indian automotive giant would explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. What Happened: In an interview with Reuters at Davos, ...

Ford Motor Co (NYSE: F) seeing strong demand for gas-powered vehicles and its aggressive efforts to switch to electric vehicles will drive near-term and long-term price gains, respectively, for the stock, according to Tigress Financial Partner.  The Ford Analyst: Tigress...

U.S. chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reportedly landed a long-term supply deal with German automaker Volkswagen AG (OTC: VWAGY). German automaker Volkswagen has negotiated a long-term commitment with Qualcomm to source the latter's system-on-chip, specifically developed for...

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics. What Happened: German automakers Bayerische Motoren Werke AG (OTC: BMWYY) and...

Ford Motor Co (NYSE: F) has “rebranded and repositioned” a company unit to boost the development of autonomous vehicles and foster new technology businesses, Bloomberg News reported on Thursday, citing company spokeswoman Jennifer Flake. What Happened: The unit Ford Next was created...

Ford Motor Co (NYSE: F) told Benzinga on Thursday it is hedged against rocketing nickel prices for a few years, helped by supply contracts for the key material used in making electric vehicle batteries. What Happened: Nickel prices touched record highs on Tuesday as contracts breached the $100,000...