GM trucks drive Q1 profitability as EVs begin to gain traction

GM positive now that contract talks with the United Auto Workers are over, and its ability to launch more EVs without battery woes are resolved. Read More

As electric car sales slump, Tesla shares relinquish a year's worth of gains

Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth. Read More

China expert talks dark side of Chinese auto industry: Spying, slave labor, killing the U.S. car market

Author and China expert Gordon Chang spoke about the various dangers that the Chinese electric vehicle industry poses to Americans and the rest of the world. Read More

S&P 500 Gains and Losses Today: Auto Parts Provider LKQ Sinks Amid Soft Demand

Key Takeaways The S&P 500 jumped 1.2% on Tuesday, April 23, 2024, as tech stocks helped drive a second straight day of gains ahead of key earnings reports this week.Globe Life shares moved higher ... Read More

Used car sales skyrocket in March as consumers hunt for deals

Used car sales surged ahead of other segments in March as buyers hunted for budget-friendly options in today's challenging market. Read More

Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline

Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline ... Read More

US issues auto dealers over $580 million in advance EV tax rebates this year

The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1, the Treasury said on Friday. Read More

US Opens Probe into 130,000 Ford Vehicles Over Hands-Free Tech

The National Highway Traffic Safety Administration is opening an investigation into Ford Motor's hands-free driving technology BlueCruise after two fatal crashes involving Mustang Mach-E SUVs striking ... Read More

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic ... Read More

Market movers: Stocks that saw on Thursday - and why

Revenue from the company’s services business ... US$5-billion to US$5.5-billion for the year. In the near term, hybrids are a top priority for Ford to ease customers into a battery-powered future, and ... Read More

News updates from April 25: US economy grew less than expected in Q1; Microsoft and Alphabet beat Wall Street estimates

Prime Minister Kyriakos Mitsotakis said Greece will not send Patriots and S-300s to Ukraine, despite pressure from EU and Nato allies to provide more air defence systems to Kyiv. Read More

Saudi Electronic University Launches GameOn Hackathon

The Saudi Electronic University (SEU), in collaboration with HP and AMD, has launched the “GameOn” hackathon, held under the theme “From Diriyah, the ancient capital, to Neom, the city of the future". Read More