September 15, 2023
“About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis. They want… Continue Reading…
April 4, 2022
“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…
October 4, 2021
” Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production. The drastic decline was narrower than auto forecasters expected, but… Continue Reading…
April 5, 2021
“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…
September 8, 2020
“Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Shortly before the opening bell, Nikola shares… Continue Reading…
August 26, 2020
“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly. The increase… Continue Reading…
August 21, 2020
“Tesla Inc.’s market value has surpassed retail behemoth Walmart Inc. after an astounding surge in the electric vehicle maker’s shares over the past five months. The stock, which touched a low of about $350 in March, has almost quintupled since… Continue Reading…
March 2, 2020
“Financial markets U.S. stocks have suffered their worst week since the depths of the 2007-08 financial crisis as investors flee for safety. All three major U.S. stock indexes have dropped at least 10 percent from their most recent peaks, abruptly… Continue Reading…
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