Chinese Automaker SAIC Eyeing Layoffs At Joint Ventures With GM, Volkswagen: Report
Chinese carmaker SAIC Motor is reportedly looking to cut jobs in the thousands at its joint ventures with foreign…
10 Consumer Discretionary Stocks With Whale Alerts In Today’s Session
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums…
Autonomous Anxiety: Self-Driving Cars Still Terrify 66% Of Drivers, Reveals New Study
Greg Brannon, AAA's director of automotive research, noted that the decline in trust is not entirely surprising.
10 Consumer Discretionary Stocks Whale Activity In Today’s Session
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums…
General Motors CFO Discusses EV Progress and Capital Allocation at BofA Securities 2024 Automotive Summit
At the recent BofA Securities 2024 Automotive Summit, General Motors Chief Financial Officer Paul Jacobson provided an insightful overview of the company's current position and future outlook, particularly in relation to its electric vehicle (EV) production and capital allocation strategies.
Former Ford CEO Sees A Bright Electric Future For Established Automakers, Says They Are ‘Well Positioned To Ride Out The Transition’
He added that the automakers' stronghold in the internal combustion (ICE) vehicle business combined with a large installed base is helping them gain investors trust, despite high labour costs.
Nissan Continues Its Global EV Growth Pursuit
On March 27th, Nissan Motor Co Ltd (OTC: NSANY) revealed it will be investing in Renault SA (OTC: RNLSY), more precisely, its EV unit Ampere.
Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure ‘Going To Have An Impact’
Tesla, Ford and GM scramble for alternative shipping routes after a bridge collapse shuts down Baltimore port, disrupting auto business.
Tesla Faces Tough Road Ahead, Analyst Predicts Lower Earnings Citing Market and Production Hurdles
Bernstein analyst maintains Underperform rating on Tesla (TSLA) and lowers price target to $120 due to bearish sentiment, production delays, and weak demand in key markets.
Tesla Persists With Price Nudges, Rivian’s R2 Teaser, Lucid CEO’s Cash Bonus Raises Eyebrows And More: Biggest EV Stories Of The Week
The week's EV news highlights legacy automakers planning to compete with struggling pure-play EV startups.