Tag: auto manufacturing

Industries, Manufacturing

Tesla stock could slump 50% while 3 legacy automaker pose challenge to EV leadership, says Livermore hedge fund manager

January 19, 2022

Via: Markets Insider

Tesla stock is ripe for a big decline in the event of a market slump as several legacy automakers catch up in the electric-vehicle space, according to hedge fund manager David Neuhauser. In an interview with CNBC, the chief investment […]

Industries, Manufacturing

GM reports $3.3B first-quarter net profit despite semiconductor chip shortage

May 5, 2021


General Motors says it will finish the year strong, in part because of its strategy in dealing with a worldwide shortage of semiconductor chips. In an unusual move, GM CEO Mary Barra issued a Letter to Shareholders simultaneously with GM’s […]

Industries, Manufacturing

Ford joins motor industry race to all-electric future

February 17, 2021

Via: Sky News

The motor giant also said its commercial models would be 100% zero-emissions capable, all-electric or plug-in hybrid by 2024. The move comes after Ford reported a return to profit in Europe in the fourth quarter of 2020. The firm said […]

Industries, Manufacturing

Trump promises 100,000 new ‘high-paying’ auto jobs — but are they a sure thing?

February 7, 2020

Via: Market Watch

If you’re looking for work, would the auto industry provide job security? President Trump promised “nearly 100,000 new high-paying American auto jobs” in his State of the Union address Tuesday, a result of the U.S.-Mexico-Canada Agreement (USMCA). He added that […]

Enterprise, Industries

Ford reports $1.7 billion quarterly loss, shares tumble

February 5, 2020

Via: Market Watch

Ford Motor Co. shares fell as much as 11% in the extended session Tuesday after the U.S. auto maker missed adjusted profit expectations and posted a GAAP loss for its fourth quarter. Ford F, +2.23% said it lost $1.7 billion, […]

Industries, Manufacturing

PSA and Fiat-Chrysler Finalize Merger, Forging Carmaking Giant to Rival VW

December 18, 2019

Via: Fortune

PSA Group and Fiat Chrysler Automobiles NV agreed to combine in a deal that will create the world’s fourth-biggest auto manufacturer. The French and Italo-American carmakers signed a binding accord for a 50-50 merger of their businesses, they said Wednesday. […]

Industries, Manufacturing

German cars have the most to lose from changes facing the auto industry

March 1, 2018

Via: The Economist

GERMAN carmakers have much in common with the self-confident roadhogs who favour their vehicles. The cars they produce, with sleek design, doors that close with a satisfying thunk and roomy interiors swagged with leather and technology, are the dominant force […]

Finance Tech, Industries, Manufacturing, Trading

If you want to buy Tesla stock, ‘now’s the time,’ Evercore says

January 10, 2018


Tesla shares are seeing a strong start to the year, and some market watchers expect further gains. The stock fell in Tuesday trading, just one session after surging over 6 percent — its best day since September. Although the stock […]