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Category: Manufacturing


Finance Tech, Industries, Manufacturing, Trading

Auto stocks tumble, but technician says one has breakout potential

October 3, 2018

Via: CNBC

Auto stocks have hit the skids. Over the past three months, trade worries and weak sales drove General Motors, Ford, Fiat Chrysler and Toyota to their lowest level of the year. Disappointing declines in monthly car sales for GM and […]


Finance Tech, Industries, Manufacturing, Trading

Tesla shares plunge as Wall Street throws in towel, saying Musk departure could cost stock $130

September 28, 2018

Via: CNBC

Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the action. Shares of the automaker were down 12 percent in Friday’s premarket session. The Securities […]


Industries, Manufacturing

Tesla confirms federal probe over Musk tweets, sending shares lower

September 19, 2018

Via: ABC News

Tesla shares tumbled on Tuesday amid reports of a potential criminal probe over its chief executive officer’s statements about taking the company private. The electric carmaker said it agreed to hand over documents to the Department of Justice in connection […]


Industries, Manufacturing

Saudi Arabia shuns Tesla, invests $1 billion in rival Lucid Motors (TSLA)

September 17, 2018

Via: Business Insider

Tesla slid as much as 2% Monday after Saudi Arabia’s public-investment firm announced a $1 billion investment in rival Lucid Motors. The kingdom’s Public Investment Fund had previously been in talks with Tesla around the time of its exploration of […]


Industries, Manufacturing

Shares in China’s Tesla rival Nio soar more than 75% in a day

September 14, 2018

Via: CNN

Shares in the Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. The spectacular leap is remarkable after Nio (NIO) had to scale back […]


Industries, Manufacturing

Trump’s trade war has forced one of Europe’s most famous automakers to delay a $30 billion IPO

September 10, 2018

Via: Business Insider

Volvo, the Swedish automaker, has reportedly had its initial public offering (IPO) plans delayed by its parent company as a result of uncertainty surrounding US President Donald Trump’s trade war. The Financial Times reports on Monday that Geely, the Chinese […]


Industries, Manufacturing

BMW is hiking the price of American-made SUVs in China

July 30, 2018

Via: CNN

The German automaker said it has hiked the prices of two popular sports utility vehicles in the world’s biggest car market after China put tariffs on American-made imports. The prices of its X5 and X6 models have increased by 4% […]


Finance Tech, Industries, Manufacturing, Trading

Tesla shares rise after analyst raises Model 3 delivery estimate by 50%

June 12, 2018

Via: CNBC

Tesla is making significant progress in ramping up production of its Model 3 electric car, according to one Wall Street firm. KeyBanc Capital Markets significantly raised its second-quarter Model 3 delivery estimate to 30,000 from 20,000, citing its conversations with […]


Industries, Manufacturing

GM, Ford shares rise after US initiates investigation into auto imports

May 24, 2018

Via: CNBC

Domestic auto stocks rose Thursday after the U.S. Department of Commerce started an investigation into automobile imports. The government is looking into whether the imports “threaten to impair the national security” of the United States. It will be carried out […]


Industries, Manufacturing

GM, Tesla shares rise after China says it will cut tariffs on car parts and vehicles

May 22, 2018

Via: CNBC

Auto stocks rose Tuesday after China said it will slash tariffs on some car parts and vehicles as part of ongoing trade negotiations with the United States. The Chinese Finance Ministry said tariffs on certain vehicles will come down to […]