Hyundai Adds Weekend Production Despite Korean Truckers Strike

Photo: Yelim Lee / AFP (Getty Images) Hyundai is adding weekend production at its massive complex of five factories in Ulsan, South Korea. The increase in production days is to compensate for the decrease in output caused by a strike and to catch up to the automaker’s production targets. Currently, there’s an ongoing strike action … Read more

Modest-income buyers being priced out of new-vehicle market – WWMT-TV

Modest-income buyers being priced out of new-vehicle marketWWMT-TVView Full Coverage on Google News

Limit to buy Spirit Airlines in cash-and-share agreement

Ultra-low cost airlines, designed to reduce costs and fares by offering a more basic flight experience, have shifted the airline industry in recent years. The deal, announced Monday, would bring together two of the largest such airlines, which the airlines said would allow them to compete more aggressively against bigger rivals. “This transaction is centered … Read more

How Tesla could be bigger than Ford and GM – combined – in just 5 years

Text size A Tesla Model Y electric car. oe Raedle / Getty Images Tesla could be larger than both General Motors and Ford Motor combined with sales in just five years – if all goes well, as Morgan Stanley analyst Adam Jonas thinks. It’s a provocative idea for investors to consider – and a bit … Read more

How Tesla could be bigger than Ford and GM – combined – in just 5 years

Text size A Tesla Model Y electric car. oe Raedle / Getty Images Tesla could be larger than both General Motors and Ford Motor combined with sales in just five years – if all goes well, as Morgan Stanley analyst Adam Jonas thinks. It’s a provocative idea for investors to consider – and a bit … Read more

It’s a tough day for Ford investors. CEO Jim Farley expects better times.

CEO Jim Farley posed with the all-electric F-150 Lightning when it was unveiled to the public in 2021. Bill Pugliano / Getty Images Text size Ford investors ask if the current environment is as good as it gets for the company. CEO Jim Farley says it’s wrong. Ford Motor (ticker: F) stock fell 9.3% to … Read more

Ford stock falls to 3-month low as light volumes, profits scare Wall Street

Ford Motor Co. shares fell more than 10% on Friday to reach their lowest level in more than three months after Wall Street accused the carmaker of its bottom-line misses and light volumes amid ongoing supply problems. Ford stock F, -10.28% was heading for the lowest close since October 29, closing at $ 17.08, with … Read more

Ford records $ 17.9 billion in full-year net income, providing positive outlook

Ford Motor Co. reported a strong surplus for 2021 and issued an optimistic forecast for this year, the latest sign that the automotive industry could return to a level of stability after two years of pandemic-related disruptions. Still, the automaker’s shares fell nearly 4% in Thursday’s aftermarket trading, following fourth-quarter earnings that did not live … Read more

Ford Motor’s earnings and guidance were not enough. The stock is falling.

Text size Ford had fourth-quarter revenue of $ 37.7 billion. Christof Stache / AFP via Getty Images Ford Motor the stock fell in late trading after the bilgiant reported a weaker-than-expected quarter Thursday night. Ford needed to surprise investors to drive its stock up after this report. To put it mildly, its disappointing results and … Read more

Nine deliveries fell last month. What it means for Tesla shares.

Text size In total, deliveries for XPeng, Li and NIO fell in January, resulting in a two-month series of gains. Hector Retamal / AFP via Getty Images Delivery of electric cars at NIO , XPeng , and Li Auto everything fell in January from a record high December, which took the latest sales momentum. After … Read more