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By David Shepardson WASHINGTON, Sept 18 (Reuters) - Major automakers, suppliers and dealers on Friday urged President Donald Trump to keep Chinese automakers out of the US market, ahead of his meeting
By Joan Faus, Christina Amann and Nick Carey BARCELONA/BERLIN/LONDON, Sept 17 (Reuters) - Volkswagen's historic revamp looks set to spell the end of its struggling Spanish marque Seat, potentially
Tesla (TSLA) stock trades at about $364, roughly 169 times its adjusted earnings over the past twelve months, meaning normalized net income with stock-based compensation added back. On analysts' own 2027 estimates, the multiple is still steep. So the price leans on wider margins and on products still early in their ramps.
Battery storage firm Fluence, a Tesla Energy peer, has received a slew of analyst downgrades and price target cuts over the past few weeks.
The exchange illustrates how politically sensitive the question of Chinese automakers breaking into the U.S. has become.
By David Shepardson WASHINGTON, Sept 9 (Reuters) - Republicans in Congress on Wednesday joined criticism of Ford Motor over its business ties to Chinese firms after Transportation Secretary Sean Duffy
A battery deal with CATL and a joint venture with Chinese automaker Geely were among the concerns raised in a public letter to Ford’s CEO.
Hyundai, Ford and Stellantis are planning to introduce larger EVs with gas generators to solve range anxiety.
President Trump’s tariff and electric-vehicle policies are colliding with Volkswagen’s plans for the large and lucrative U.S. market. The WSJ’s Stephen Wilmot reports that Volkswagen is shaking up its U.S. leadership for the second time in two years as the world’s second-largest carmaker aims to revive its American business. Veteran executive Marco Schubert will take over Volkswagen’s business in North America in October.
Ford Motor is setting an ambitious target for its new electric truck that has only been seen by Tesla in the U.S. The truck, called the Ford Fathom, starts around $30,000 and will go on sale next year. Ford is seeking mainstream sales not seen by its earlier, more expensive electric vehicles.
New Canada tariffs are landing as a direct bill to two of America's biggest automakers, and the ripple effects stretch well beyond car lots into the housing market and household budgets.
In something of an unexpected consequence, Japanese automakers Toyota and Honda have more to lose than any US automaker from President Trump's threatened tariffs on Canadian-built vehicles.
Its electric and energy arm is guided to a multibillion-dollar loss, and the launches meant to justify that spending arrive just as a one-off tariff benefit disappears.
Hyundai's CEO says tariffs are accelerating a localization push that was already underway, and the numbers behind that push reveal just how dramatically the company is betting on America outpacing its own four decades of history here.
Trump's January 1 deadline gives GM and Ford just four months to rethink supply chains that took decades to build, and a little-known legal wrinkle could make the whole tariff structure collapse before either company finishes planning around it.
President Trump's threat of 50% tariffs on Canadian autos and auto parts is more of a negotiating tactic than a settled policy, UBS analysts believe. In a note Tuesday, the bank argues that the January 1, 2027 start date functions as pressure to restart trade talks rather than a firm...
Another trade war has started with a volley of tariff threats, and this time the fight is with America’s neighbor and closest trading partner, Canada. While the U.S. has held several formal negotiations with Mexico this year about the USMCA, it hasn’t done so with Canada.
Prime Minister Mark Carney said his government is still working on options for retaliating against US President Donald Trump’s new tariffs on Canadian goods, but added that he’s willing to continue trade talks if the US adopts the “right attitude.”
Trade talks between the U.S. and Canada collapsed in the 11th hour Friday, renewing fears of an all-out trade war as new tariffs went into effect over the weekend. Ford and Stellantis shares slipped Monday after President Trump announced a 50% tariff on automobiles and auto parts from Canada come January.
Trump’s Canada tariff threat hit Detroit broadly, but Stellantis has the most awkward plant problem sitting right in the middle of it.
GM, Ford, and Stellantis shares were lower as trade talks between Canada and the U.S. broke down over the weekend.
US-Canada trade talks collapsed over a range of issues where the written text of a potential deal was at odds with what the Canadian side believed it had agreed to, Prime Minister Mark Carney’s top US envoy says.
Campbell's (CPB) is heading into a difficult fiscal 2027 as weakening demand, pressure in snacks, hi
Consumer stocks were taking a beating after the latest round of retail earnings. The consumer staples sector was the biggest laggard in the S&P 500 with a 1.9% decline. Among the biggest S&P 500 losers of the day were Walmart, Ford Motor, Norwegian Cruise Line Holdings, lululemon athletica, and Auto Zone.
Tesla Inc. CEO Elon Musk has backed the automaker’s domestic manufacturing prowess amid President Donald Trump‘s tariffs on the auto industry. Domestic Assembly, Domestic Parts On Saturday, podcast host Katie Miller took to the social media platform X, sharing a...
Commerce Secretary Howard Lutnick hailed President Donald Trump‘s tariffs on the automotive sector, touting them as a move that will strengthen the U.S.’s domestic manufacturing sector. Howard Lutnick Touts Thousands of Jobs, Ford’s Lincoln Pivot In an interview with Fox...
Many S&P 500 investors don't pay much attention to the number of letters in their stocks' symbols. But maybe they should.
Also: GM and Ford clash over tariffs and trade policies; Chinese carrier opens Arctic shipping route.
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has backed the automaker’s domestic manufacturing prowess amid President Donald Trump‘s tariffs on the auto industry. Domestic Assembly, Domestic Parts On Saturday, podcast host Katie Miller took to the social media platform X, sharing a screenshot of a Wall Street Journal article outlining Ford Motor Co. (NYSE:F) and General Motors Co.‘s (NYSE:GM) domestic manufacturing push. “Every Tesla sold in the United States is assembled in the United States,” she sa
Companies such as Caterpillar and Cummins are pivoting to feed a booming market for once-prosaic machinery.
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