Why Chinese Electric Carmaker Nio Shares Are Soaring
Chinese electric vehicle maker Nio reported quarterly earnings Monday that were better than expected and offered a revenue forecast for the current quarter that leapfrogged the consensus estimate.
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Nissan 2019 Cars Sales Worst in America, With Hyundai Kia Most Successful
American car sales are likely to top 17 million again in 2019, the fifth year of sales above that extraordinary level. Even so, the figure will be down 1% from 2018.
VW Accelerates Electric Vehicle Outlook
Volkswagen on Friday shortened its projected timeframe by two years for producing a million all-electric vehicles for the European market.
Tesla Worth 50% More Than GM
As shares of Tesla reached an all-time high, its market cap soared to about 49% higher than that of General Motors.
Another Big Round of Venture Funding for Rivian
Electric pickup truck and SUV maker Rivian landed a Christmas present of $1.3 billion in fresh cash as it works to get its first deliveries out the door by late next year.
Auto Sales Could Dip for December
Although retail auto sales are expected to dip for the 2019 year, there could be a silver lining, at least according to a report from J.D. Power.
Tesla’s Market Value Doubles Ford’s
Tesla's market cap reached $73 billion as its shares rocketed, driven mainly by the anticipation of its success in China. That is double the market cap of troubled Ford.
Fiat Chrysler, Peugeot Merger Has One Clear Winner
The proposed merger of equals between Fiat Chrysler and Peugeot will create the world's third-largest automaker by revenue.
The Least Expensive Car of 2019
There is some debate about what the least expensive car in America is. Some experts include destination charges. Others pick some accessories which cost small amounts of money. These things make the decision to…
Ford Recalls More Than 500,000 Pickups for Fire Risk
Ford has issued its second recall in as many weeks for some model year 2017 through 2019 versions of its popular F-Series pickups. The company has identified more than 750,000 trucks in the two…
US Car Companies Face Wreck in China
China is absolutely critical to U.S. car manufacturers. It is the largest car market in the world, as it moved ahead of the American market in 2009.
Ford Recalls 265,000 Trucks, SUVs in 2 Separate Actions
Ford has issued two recalls for some model year 2017 through 2019 F-Series pickups and some model year 2020 Ford Explorers and Lincoln Aviators.
Will Rising Labor Costs Cripple the US Car Companies?
The UAW has rightly pressed for better deals for its members. An unintended consequence is that higher labor costs have started to meet a flagging industry.
Tesla’s New Sales Pitch–Federal Tax Credits Are Ending
Tesla usually shows its car prices net of the federal tax credit its buyers receive. It makes the cars look less expensive. In reality they are, once customers collect their checks from Uncle Sam.…
People Pay More for VWs Than Any Other Brand Sold in the US
The average transaction price for November U.S. new car sales rose to more than $38,000, led by VW with an average about $7,000 above the industry's.