At home in the US, one of Detroit’s Big Three stood out as vulnerable to a potential trade war: General Motors.
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The stakes could hardly be larger for General Motors, which pitched a simple message to investors: We have a plan and the future is bright.
US manufacturers might not have the best grasp on what drivers want. The ones who seem to know reside about 6,000 miles away in Japan.
Fisker, the electric vehicle startup, filed for Chapter 11 bankruptcy Tuesday. The real surprise is that it stuck around as long as it did.
Stocks are mostly stuck in neutral as investors await two key pieces of data on Wednesday.
The average age of cars and light trucks reached a record high of 12.6 years in 2024, up by roughly two months from last year.
GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.
The EV startup’s stock fell even further on Monday after news that talks fell through on a potentially company-saving partnership.
The company’s Cruise now has double the road for autonomous driving, but many consumers continue to have safety concerns.
Overseas sales of China-made cars hit a record high in 2023, likely outpacing Japan to make China the world’s top exporter.
America’s largest auto manufacturer is trying to regain Wall Street’s favor with buybacks and spending cuts on less promising projects.
Tesla has gone all-in on electric vehicles, but Toyota is getting to say “I told you so” with its focus on hybrids.
While the price of aluminum has climbed off the mat in recent months, it’s still well below the heady days of early 2022.
The good news is that GM generated about $3.1 billion in profit in the quarter. The bad news is that this is the only good news.