Autos

While Ford stock is at the back of the pack in terms of its performance, the outlook provided with recent earnings doesn’t paint an encouraging picture going forward, for neither the stock nor the...
Chris Lange
General Motors reported better than expected first-quarter financial results before the markets opened on Wednesday.
Chris Lange
GM has started to offer 0% APR financing for 84 months for cars and trucks sold at its big Chevy division. The question is, do people want to own a vehicle for seven years?
Douglas A. McIntyre
The Ford family can't afford to see its namesake company implode, and with it the fortune they have enjoyed for over 100 years.
Douglas A. McIntyre
Over the past four weeks, confidence in electric car company Tesla has improved, while traditional manufacturers are considered to be in deep trouble.
Douglas A. McIntyre
After markets closed Wednesday, Tesla reported $1.24 in earnings per share and $5.99 billion in revenue compared with consensus estimates that called for a net loss of $0.36 per share and $5.9...
Chris Lange
Tesla is scheduled to release its most recent quarterly results after the markets close on Wednesday. Will record sales turn into a record quarter?
Chris Lange
Chinese electric car maker Nio got a $990 million investment from provincial and local governments in exchange for 24.1% stake in a new entity called Nio China.
Paul Ausick
Ford reported a first-quarter net loss of $2 billion after markets closed Tuesday. The loss in the current quarter is expected to be more than double that amount.
Paul Ausick
Dealership networks are critical to the auto industry. Most are not funded to handle months of a downturn in sales. Hundreds will disappear and car companies will not have dealers at all in some...
Douglas A. McIntyre
GM announced Monday that it has extended two credit agreements while suspending its dividend and buybacks as it builds liquidity during the coronavirus pandemic.
Paul Ausick
Ford has filed a preliminary prospectus for three senior unsecured note offerings to raise more cash. This is the company's first offering since its debt was downgraded to junk last month.
Paul Ausick
New car sales in the European Union fell by 55% in March leading to a decline of more than 25% for the first quarter. Lockdowns related to the coronavirus pandemic get the blame for the declines.
Paul Ausick
Auto industry research firm J.D. Power has released revised estimates for new car sales in the United States for 2020. The COVID-19 lockdowns have already chopped estimated April sales by more than...
Paul Ausick
It has been presumed for some time that U.S. new car sales would plunge due to the spread of COVID-19. In fact, New York City sales were nearly zero for the week.
Douglas A. McIntyre