Auto Industry

Polestar Automotive Holding‘s (NASDAQ:PSNY) shares are trading lower on Monday despite the company reporting a first-quarter revenue jump of 84.2% year over year (Y/Y) to $608 million. Revenue grew on higher volumes and a positive shift in the product mix. Retail sales rose by 76.4% year over year...

JPMorgan analyst Ryan Brinkman raised the price forecast for auto tech company Visteon Corporation (NASDAQ:VC) from $90 to $97. Brinkman kept a Neutral rating following the company’s first-quarter results reported in April. The company reported adjusted EPS of $2.40, which exceeded the $1.88...

Goldman Sachs analyst Mark Delaney upgraded BorgWarner Inc. (NYSE:BWA) from Neutral to Buy, with a price forecast of $34. Per Delaney, BorgWarner has a below-average level of U.S. imports, which means it faces relatively limited risk from ongoing or future tariffs. In contrast to many Western...

Goldman Sachs analyst Mark Delaney is hitting the brakes on U.S. auto sales and global production forecasts, citing tariff troubles and weaker consumer demand. Although the reciprocal tariffs announced on April 9 were delayed, still sector-specific tariffs (including auto tariffs) are projected to...

Shares of Ford Motor Company (NYSE:F) ticked upward on Wednesday, even after Bernstein analyst Daniel Roeska downgraded the stock from Market Perform to Underperform. Roeska also slashed the price target from $9.40 to $7, citing concerns over future performance. Ford navigates shifting trade...

President Donald Trump's decision to slap tariffs on Canada, Mexico and China includes levies on auto imports from all three countries. Additionally, 25% tariffs on steel and aluminum were tacked on and triggered on March 12. S&P Global said the most likely scenario is an "extended disruption...

Shares of General Motors Company (NYSE:GM) are little changed Monday despite news that rivals Honda Motor Co., Ltd. (NYSE:HMC) and Nissan Motor Co., Ltd. (OTC:NSANY) are discussing a merger. This would create the world's third-largest automaker. It is not clear how this would affect the long-term...

U.S. Sens. Ron Wyden (D-Ore.) and Ed Markey (D-Mass.) wrote a letter to Federal Trade Commission (FTC) Chair Lina Khan on Friday, urging the commission to investigate the automotive industry‘s handling of driver data. Letter Overview: The letter asks the FTC to investigate automakers’...

Shares in Stellantis NV (NYSE:STLA), the multinational carmaker, have enjoyed a stellar ride during the past year and investors are hoping this will be justified by its full-year earnings to be revealed on Thursday. Shares have gained 44% over the past year. Compare this with rivals Ford Motor Co (...

The semiconductor crisis worsened for the U.S. automakers in the third quarter as the waiting period for key chips soared to the highest since the start of the pandemic, as per Kerrigan Advisors, a sell-side advisor for auto dealers. What Happened: The wait time for chip deliveries soared to over...

The chip shortage has been going on long enough to generate some survey data, and there are some positive things to be found there, but overall the picture is bleak. The general trend seems to be that the impact will be massive and it will last at least through most of 2021, but there are ways of...

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a "tough ride in a tough environment," Chief Executive Detlef Trefzger said. The second-largest freight forwarder globally, K + N (SIX: KNIN) reported earnings per share of $1.69,...

Good day, "Carmageddon" gripped the nation in 2011 and it is poised to do it again. The reality is outside of California, few people cared about Carmageddon in 2011, but those that moved freight certainly did. The original Carmageddon closed portions of I-405 for 55 hours as the California...