It is intended to bring annual domestic vehicle output to 80,000 units by 2030 – all of which are currently imported.
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It is intended to bring annual domestic vehicle output to 80,000 units by 2030 – all of which are currently imported.
General Motors (GM) will begin assembling its Chevrolet Groove and Aveo models in Mexico for the loc
The solution to Henry Ford’s problems was unconventional, even radical. “New Industrial Era Is Marked by Ford’s Shares to Laborers,” the Detroit Free-Press wrote Jan. 6, 1914, after the Ford Motor doubled its minimum wage to $5 a day (about $165 today), from $2.34. The “Five-Dollar Day”—part publicity stunt, part ruthless business tactic—jump-started a consumer revolution that drove the U.S. economy to 20th-century global dominance and still powers it today.
MEXICO CITY, May 19 (Reuters) - General Motors said on Tuesday it would start assembling the Chevrolet Groove and Aveo in Mexico for sale in the local market, although the company will continue to
A fire-damaged aluminum rolling plant in upstate New York that supplies Ford Motor and other automakers will return to service in the next few weeks, its owner said Tuesday. The restart of the Oswego, N.Y., Novelis plant is running slightly ahead of the company’s earlier target for restarting the plant at the end of June, the company said. Ford, which is the U.S. auto industry’s biggest user of aluminum, said in April it expected Oswego’s rolling line to restart this month.
Investors didn’t seem to like Tesla raising prices of its popular Model Y vehicles in the U.S. over the weekend. Shares of the electric vehicle maker were down 0.9% at $406.25 in premarket trading on Tuesday, while and futures were down 0.3% and 0.2%, respectively. There wasn’t much to blame the decline on, no Wall Street downgrades or material price target cuts.
General Motors (NYSE:GM) is discontinuing its largest Silverado diesel commercial trucks as demand in that segment softens. The company is winding down a long running production partnership tied to those heavy-duty models. GM is also joining major defense contractors in a bid to supply trucks for a new UK military vehicle program. GM shares recently closed at $73.1, with the stock up 47.6% over the past year and 129.5% over the past 3 years, while the year to date move is down 9.7%. Over...
Recently, Zacks.com users have been paying close attention to General Motors (GM). This makes it worthwhile to examine what the stock has in store.
Shares of Ford (NYSE:F) are up 6% in premarket trading Monday, changing hands near $14.21 after a one-two punch of strategic announcements. The move sharply outpaces both legacy peer General Motors (NYSE:GM) and EV leader Tesla (NASDAQ:TSLA) in the early session. For context, F stock entered the day with a one-month gain of 4% and ... Ford Rises 6%, Easily Outpaces General Motors and Tesla
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
“As tragic as it is—war is tragic for anyone involved—it is probably one of the best things that could have happened to the Chinese EV makers,” said one expert.
While Ford and General Motors wrestle with their China strategies, Stellantis is doubling down on the world's largest auto market. Stellantis, the maker of Jeep, Ram, and Peugeot, just made two sweeping moves that signal a sharply different playbook from its American rivals. The decisions ...
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
Tesla’s Germany battery expansion strengthens its Europe strategy, but rising spending is making the TSLA stock bull case harder to justify.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. They are also bound to benefit from a friendlier regulatory environment with the Trump administration, and this excitement has led to a six-month gain of 17.7% for the sector - higher than the S&P 500’s 7.9% return.
Lower-than-normal inventory can mean lost profits, and that's a huge deal for these two Detroit rivals.
The Japanese automaker scrapped its 2040 all-electric target and is now betting on the gas-hybrid technology it once abandoned.
Automakers around the world are learning just how much government subsidies propped up their electric vehicle sales, as the expiration of those subsidies is throwing cold water on the industry's EV ambitions. Take Honda, for example. Over the last three decades, the Japanese automaker has gone from ...

Honda (HMC) stock is in focus after the company posted its first-ever loss. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the details.
Ford raised its guidance after a solid first quarter, and there's more suggesting there's near-term upside for the stock.
Ford Motor investors have caught AI-fever, and shares of the auto maker just won’t stop. It seemed to be tied to Ford Energy, which the company unveiled earlier in the week. The new business will use Ford’s lithium-ion battery capacity to build storage systems for utilities and data centers in the U.S.
Shares of Ford (NYSE:F) are up 8% on Thursday morning, trading near $14.60 after closing yesterday at $13.57. The move extends a second straight session of decisive outperformance versus the Detroit and Austin peers. For context, Ford stock climbed 6% yesterday, and the two-day rip has been decisive. Ford’s market cap sits near $57 billion, ... Ford Zooms 8% Higher, Easily Outpaces General Motors and Tesla
Giving Americans access to high-quality, low-cost Chinese cars would enshrine him as a champion for struggling American households, Christopher Smart writes.
Earlier this week, General Motors agreed to pay US$12.75 million to settle California allegations that it unlawfully collected and sold OnStar drivers’ location and driving data, while separately cutting more than ten percent of its IT workforce to refocus on AI and software capabilities. The settlement’s five-year ban on selling driving data to consumer reporting agencies and the IT overhaul both raise fresh questions about how GM balances data monetization, privacy compliance and...
MP Materials ramps rare earth output and magnet production as Mountain Pass and Independence drive growth across the supply chain.
After topping estimates during the first quarter, Ford isn't resting and plans to drive traffic through promotional activities.
Ford Motor stock was having quite a day Wednesday but the reason is hard to suss out. Ford stock was the best-performing stock in the S&P 500, according to Dow Jones Market Data. Other car stocks were moving, but not like Ford.
Lumpy quarterly deployments weigh on TSLA's energy storage volumes, but management expects full-year growth and long-term momentum to be strong.
GM confirmed about 500 to 600 salaried employees were let go.
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