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Ford To Focus On EVs, Trucks, SUVs; CEO Says Why Electric Push Came Late
Ford's CEO will steer the automaker in the direction of high-margin trucks and SUVs, and away from less profitable cars, while slashing costs by $14 billion and investing more in electric vehicles.
Ford's New Strategy: 5 Takeaways From Top Auto Analyst
Jim Hackett's first strategic plan as the new CEO of Ford Motor received a mixed response from industry analysts Wednesday.
Analyst Dismantles GM Narrative Of Tech Edge That's Boosted Stock
RBC Capital Markets suggests expectations that new car technologies will fuel GM's growth may be too lofty.
Week In Review: Stock Win Streak Looks To End, But GM, Netflix Stay Hot
The S&P 500 index, Nasdaq composite and Dow industrials all set record highs through the week, until the weak payroll report ended their hot streaks.
Tesla Balks At Model 3 Production Questions — As More Emerge
Tesla won't take reports that it is struggling to automate Model 3 vehicle production lying down.
As Tesla's Semi Stalls, This Auto Giant Makes Electric Truck Push
Volkswagen and affiliated heavy-truck maker Navistar are targeting the debut of a medium-duty electric truck in North America by late 2019 or early 2020.
Layoffs At U.S. Auto Plants Keep Piling Up As Car Demand Weakens
General Motors reportedly plans to idle a Detroit factory for six weeks starting in mid-November due to weak sales.
Why Ford Earnings Forecasts May Be Too High For The Next Few Years
Ford is unlikely to see meaningful impact to the bottom line any time soon from the raft of changes being spearheaded by its new chief executive, in the view of a prominent Wall Street auto analyst.
Why GM's Testing Of Fully Self-Driving Cars In Manhattan Is So Key
General Motors will early next year start testing self-driving cars in lower Manhattan, a setting that could allow GM to advance and commercialize its autonomous technology at a faster pace.
Google's Venture Arm Invests In Lyft As Anti-Uber Alliance Grows
One of Google parent Alphabet's venture arms is the lead investor in a $1 billion financing round for Lyft
Ford's China Partner Makes Bold EV Move In World's Top Auto Market
A Ford Motor partner in China plans to go all-electric by 2025, in one of the boldest moves yet from a Chinese automaker.
GM's Q3 Earnings Were Great — But This Risk Hangs Over Surging Stock
General Motors showed it can deliver strong profits even when it's forced to idle factories and slow down production, experts said.
Ford Beats Q3 Forecasts, Guides 2017 Earnings High
Ford reported third-quarter results that topped consensus views and gave bullish guidance, two days after General Motors crushed quarterly estimates.
S&P 500, Nasdaq Hit Highs As Amazon, Alphabet, Microsoft, 3M Jump, Celgene, Boeing Falter: Weekly Review
Amazon, Alphabet, Microsoft, 3M, Caterpillar were big earnings winners this week, but Boeing and Celgene were among notable losers.
Ford, GM Top October Sales Views; Fiat Chrysler's Tumble
Ford and GM reported stronger-than-expected October U.S. sales Wednesday. Fiat Chrysler's decline was worse than expected.
U.S. Manufacturing Stays Hot As ISM Index Dips From 13-Year High
The Institute for Supply Management's manufacturing survey index out Wednesday eased to 58.7 from September's 13-year high of 60.8 as the factory sector seemed to get a continued lift from hurricane
Ferrari Raises Earnings, Revenue Views After Tesla's Big Flop
Ferrari boosted full-year guidance after reporting third-quarter results early Thursday, following luxury electric carmaker Tesla's big earnings miss.
Automotive Industry News, Self-Driving Cars And Stocks To Watch
Track the latest self-driving car trends and news from Tesla, GM, Ford, Google, Nvidia and other auto industry leaders and innovators. The post Automotive Industry News, Self-Driving Cars And Stocks
S&P 500 Hits Highs As Apple, Facebook, Tesla, Trump's Fed Pick, GOP Tax Plan, Jobs Headline Busy Week
The S&P 500 index and other major averages rose modestly to record highs. Apple reported strong earnings and guidance as the iPhone X launched. Facebook crushed views but warned of...
These 3 Auto Stocks Hover Near Buy Points; India Carmakers Eye Deals
Ford Motor, Fiat Chrysler and Ferrari flirted with buy points Friday, while General Motors continued to trend lower.