Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes […]
Rivian (RIVN) earnings Q4 2024 Read More »
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter while guiding for another “strong” year in 2025. Carvana, as it has in the
Carvana (CVNA) earnings Q4 2024 Read More »
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, on Dec. 3, 2019. Massimo Pinca | Reuters DETROIT — Nikola Corp.
Nikola files for Chapter 11 bankruptcy protection Read More »
Actor Harrison Ford touts Jeep and Americana while taking a dig at another Detroit automaker during a Super Bowl ad for automaker Stellantis. Stellantis DETROIT — A CEO’s exit, electric vehicles making the industry run around like “headless chickens” and
Why Stellantis was the only automaker to advertise Read More »
President Donald Trump greets General Motors CEO Mary Barra (R) prior to a meeting with automobile industry leaders in the Roosevelt Room of the White House in Washington, DC, January 24, 2017. Saul Loeb | AFP | Getty Images DETROIT
GM has plans to mitigate up to 50% of potential North American tariffs Read More »
President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest
As Trump ups tariffs, GM and Hyundai increase South Korean imports Read More »
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. Robyn Beck | Afp | Getty Images DETROIT – Both General Motors and Ford
GM, Ford 2024 U.S. sales are best since 2019 Read More »
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The
Rivian meets 2024 vehicle production target after lowering projections Read More »
CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation.
Hindenburg shorts Carvana, calls turnaround a ‘mirage’ Read More »
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect
Trump’s 25% tariffs an existential threat to Canada’s auto industry Read More »
