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Ford drops 12% as earnings fall short and automaker warns of continuing shortage in key chip components
Despite the disappointing quarterly results, the second-largest US automaker issued an optimistic f…
Phil Rosen
The chip crisis is helping automakers and dealers do something they've wanted to do for decades: quit offering incentives and deals
On average US automakers are making $3,000 more per car and up to $10,000 more on pickups and SUVs …
Dominick Reuter
Ford Announces A Huge Hiring Increase In The US
The new jobs are part of how Ford plans to fulfill a promise it made to the United Auto Workers uni…
Agence France Presse
This Tiny Car Gets 84 Miles Per Gallon And Costs Just $6,800
The car, made by American auto-startup Elio Motors, gets 84 miles per gallon and costs only $6,800.…
Jillian D'Onfro
Tesla shares jump 12% on first day of post-split trading
Shares of Tesla have gained more than 70% since the company announced in early August that it would…
Carmen Reinicke
MG Motor retail sales up 2% to 4,154 units in November
MG Motor India on Friday said its retail sales increased by 2 per cent to 4,154 units in November 2…
PTI
Here's why there's a global computer chip shortage that is slamming automakers during the pandemic
It has to do with automakers and consumer electronics companies vying for computer chips that have …
Katie Canales
Huawei aims to make electric cars later this year
Chinese tech giant Huawei is planning to make electric cars under its own brand, and some models ma…
Automakers will find themselves in a 'big trap' if the transition toward EVs slows down, Stellantis CEO says
Carlos Tavares said automakers will have to wrestle with higher costs as they have to invest in bot…
Kwan Wei Kevin Tan
Automakers are facing an uphill battle as inventory piles up and workers threaten to go on strike
Everyone seems mad at the Detroit automakers these days: Dealers, workers, and parts makers. Here's…
Alexa St. John
Toyota records highest-ever monthly sales in February
Toyota Kirloskar Motor on Friday reported its best-ever monthly wholesales at 25,220 units in Febru…
PTI
Automakers must soon install tech in new cars that can detect and stop drunk drivers, Congress says
Biden's infrastructure bill says carmakers must install tech that can check if a driver is drunk an…
Kate Duffy
It's not just the chip shortage — other supply chain disruptions are wreaking havoc on automakers and helping keep prices high
Despite huge profits, high demand, and low inventory, automakers are bracing themselves for more su…
Alexa St. John
Fisker tells employees that 4 automakers are in talks to buy the struggling startup
Fisker is in talks with four automakers for possible acquisition, CEO Henrik Fisker told employees,…
Grace Kay
The sneaky way automakers are keeping car prices high
Automakers are using a variety of tricks to limit how much inventory they have sitting on dealershi…
Alexa St. John
Automakers like Ford and GM are scrambling to make EVs cheaper as battery prices rise for the first time in years
Automakers have a few tricks to drive battery costs down, but experts say car buyers shouldn't expe…
Alexa St. John
Luminar jumps 19% after Mercedes acquires stake in the company and plans to use its tech for self-driving cars
Shares of Luminar skyrocketed after Mercedes-Benz announced plans to use the technology supplier's …