GM Says Unfinished Cars to Hurt Quarterly Results

General Motors Co. said it built about 95,000 vehicles without certain semiconductors and other parts and had to set the cars aside instead of shipping them to dealers, weighing on its second-quarter results. The company said the hit to wholesale vehicle deliveries would hurt second-quarter net profit, which it now expects to be between $ … Read more

NIO shares extend losses as Chinese EV maker denies short-seller report

NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC. The stock NIO, -2.57% NIO, -11.47% fell by as much as 10% to 167.80 Hong Kong dollars (US $ 21.38) on Wednesday and was recently 9.3% lower at HK … Read more

This ‘underappreciated’ black swan could bring fresh chaos to the global economy

New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond route is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped … Read more

NIOs Hong Kong, Singapore shares hit new highs as outlook brightens

NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, + 3.95% gained 4.1% to US $ 24.77 while its Hong Kong stock 9866, + 2.71% rose 4.3% to 196.60 Hong Kong dollars (US $ 25.05), both … Read more

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow – The Wall Street Journal

Tesla, Ford and GM Raise EV Prices as Costs, Demand GrowThe Wall Street Journal

McMurtry Spearling Smashes Goodwood Hillclimb Record

Photo: McMurtry Automotive Over an exceptional four-day event, the biggest highlight of this year’s Goodwood Festival of Speed ​​was the breaking of the outright record up the hill climb. Max Chilton, a former Formula 1 and IndyCar driver, drove the McMurtry Spéirling up the 1.16-mile hill climb in 39,081 seconds. The Spéirling is an electric … Read more

Ford Motor Co. stock rises Friday, outperforms market

Shares of Ford Motor Co. F, + 3.89% advanced 3.89% to $ 12.01 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, + 3.06% rising 3.06% to 3,911.74 and the Dow Jones Industrial Average DJIA, + 2.68% rising 2.68% to 31,500.68. This was … Read more

Polestar Shares Slip in Electric-Vehicle Maker’s Market Debut

Updated June 24, 2022 10:46 am ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC fell on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim … Read more

Here’s how much S&P 500 companies that make most of their money in US have outperformed their global-faced rivals

Multinational is one thing, but 2022 has not been the year for stocks to have a truly international presence. According to analysis from Goldman Sachs, S&P 500 companies with high domestic sales exposure have been outperforming stocks with high international sales by 9 percentage points. Granted, it’s not a great performance, with the domestic basket … Read more

Tesla Inc. stock falls Thursday, underperforms market

Shares of Tesla Inc. TSLA, -0.43% shed 0.43% to $ 705.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.62% rising 1.62% to 11,232.19 and the Dow Jones Industrial Average DJIA, + 0.64% rising 0.64% to 30,677.36. This was the stock’s … Read more