Category: Manufacturing

January 18, 2019

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]

January 7, 2019

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday. Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price […]

December 10, 2018

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future. But selling electric vehicles (EVs) will get tough without a […]

November 29, 2018

Volvo, the Swedish automaker, has confirmed plans to shelve an IPO potentially worth $30 billion, having previously blamed President Donald Trump’s trade war for postponing the share sale. “There are no plans or time schedule for entering into the equity […]

October 3, 2018

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 […]

September 28, 2018

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 […]

September 19, 2018

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 […]

September 17, 2018

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 […]

September 14, 2018

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 […]

September 10, 2018

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 […]