automotive

A cyber incident at automotive data provider CDK Global, whose software is utilized by auto dealers, disrupted operations on Wednesday across the U.S. and Canada. What Happened: The company, which was purchased by Brookfield Business Partners (NYSE:BBU) in 2022 for more than $8 billion, is “...

Ford Motor Co (NYSE:F) shares are ticking lower on Thursday. The auto company announced further job cuts at its Valencia, Spain, assembly plant, totaling up to 1,600 positions, following a previous reduction of 1,100 staff last year. The decision reflects ongoing adjustments in Ford’s...

Tesla (NASDAQ: TSLA) is gaining momentum with a strong outlook, despite concerns about slower growth in 2024. At current levels, the stock offers a compelling risk-reward ratio, especially since it's trading over 60% below its all-time highs, suggesting much of the slowdown is already priced in...

The United Auto Workers (UAW) threatened to strike at a Ford Motor Company (NYSE:F) plant in Kentucky if union demands aren't resolved within the next seven days. What Happened: The Detroit union on Friday confirmed that nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant — the company...

Despite the hit made by the six weeks-long UAW strike, Stellantis N.V. (NYSE: STLA) reported otherwise strong earnings for the full year. But the global auto giant reported a profit drop during the second half of 2023 due to halted production. Stellantis Still Delivered Record 2023...

JPMorgan’s latest Global Automotive survey unveiled intriguing insights into the evolving landscape of electric vehicles (EVs), with a particular focus on Tesla Inc‘s (NASDAQ:TSLA) position and the reception of its Cybertruck. The survey, spanning eight countries and over 6,000...

With its fleet of robotaxis currently parked following an accident with a pedestrian in October, can Cruise, the autonomous vehicle (AV) operator, recover the reputational damage the incident has caused — not just for the GM (NYSE:GM)-owned company, but for all operators of AVs? This is what GM is...

Leading automotive company Ford Motor Co (NYSE:F) will report fourth-quarter financial results after market close on Tuesday, Feb. 6, 2024. Here's a look at the key estimates from analysts for the fourth quarter, what analysts are saying and key items for investors to watch. Earnings Estimates:...

Tesla, Inc. (NASDAQ:TSLA) shares fell sharply Monday and pulled back below the $180 level, dragged by a few catalysts, including a downward price target revision by Piper Sandler. The Tesla Analyst: Piper Sandler analyst Alexander Potter maintained an Overweight rating and reduced the price target...

A Delaware judge recently voided a compensation plan for Telsa Inc (NASDAQ:TSLA) CEO Elon Musk from 2018, which was previously approved by the company's board of directors and shareholders. The decision has prompted Musk and Tesla to consider changing their incorporation from Delaware to Texas, the...

Investors in Tesla Inc (NASDAQ:TSLA), the electric vehicle pioneer, are closely monitoring a concerning technical indicator — the Death Cross. This bearish signal, a crossover of the 50-day moving average (yellow line above) below the 200-day moving average (blue line above), has historically been...

Investors in electric vehicle Rivian Automotive Inc (NASDAQ:RIVN) are closely observing a notable technical development that has emerged on the stock charts: the foreboding Death Cross. This bearish signal, marked by the 50-day moving average (yellow line above) slipping below the 200-day moving...

In the rapidly evolving landscape of electric vehicles (EVs), three prominent Chinese automakers — NIO Inc (NYSE:NIO), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) — have recently disclosed their January 2024 delivery figures. These statistics reflect their market performance and provide...

Workers at the sole Hyundai Motor Co. (OTC:HYMTF) plant in the U.S., located in Alabama, have unionized with the United Auto Workers (UAW). What Happened: The UAW has successfully recruited 30% of the workforce at the Alabama Hyundai plant, reported The Hill on Thursday. This marks the third public...

General Motors Co (NYSE:GM) stock beat on EPS and revenue as it reported its fourth-quarter earnings on Jan. 30. Golden Cross On Chart Post Q4 Earnings Lifted by positive sentiments around the company, the stock just made a Golden Cross on the technical price charts. On Jan. 30, the 50-...