US automotive industry

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Nikola (NASDAQ: NKLA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Nikola is a...

General Motors Co's (NYSE: GM) robo-taxi unit Cruise has reportedly enlisted the expertise of an independent law firm and tech consultants in response to a collision, which resulted in a temporary halt to its self-driving car operations. The board of Cruise has engaged Quinn Emanuel,...

Hyundai Motor Co (OTCPK: HYMTF) cut the minimum asking price for its to-be-divested auto plant in China.   The South Korean automaker has curtailed the price of the plant, located in the southwestern city of Chongqing, by around 30% to 2.58 billion yuan ($353.38 million), as per...

Big tech’s foray into self-driving technology and, as an extension, into the automotive industry hasn’t gone down well with lawmakers. What Happened: Big tech’s expansion into the automotive industry poses serious concerns about emerging competition and consumer protection issues...

Volvo USA is recalling 54,124 vehicles after an airbag defect has been linked to a fatal incident, according to Bloomberg. What Happened: The unit of Geely Automobile Holdings Ltd. (OTCMKTS: GELYF) is recalling 2001-2003 S80 and S60 models registered or sold in the United States. This is after the...

Switzerland-based auto-parts manufacturer Garrett Motion Inc (NYSE: GTX) has voluntarily filed for Chapter 11 bankruptcy protection and proposed a $2.1 billion sale of its business to KPS Capital Partners, LP. What Happened: In less than two years of listing as a public company — post spinoff...

The J.D. Power 2020 Initial Quality Study (IQS) has found that buyers of Tesla Inc.’s (NASDAQ: TSLA) vehicles report more issues with their vehicles in the first 90 days of ownership compared with other new vehicle owners. What Happened The J.D. Power 2020 Initial Quality Study is a survey of...

General Motors Company (NYSE: GM) CEO Mary Barra is confident that North American vehicle production will return close to pre-pandemic levels by end-June. What Happened Speaking at a Wolfe Research automotive conference Wednesday,  Barra revealed GM’s aggressive efforts to restart...

Autonomous driving technology developer Pony.ai has launched "contact last-mile delivery service" in Irvine, California, it announced Thursday. What Happened The startup, co-based in China and California, said that it has partnered with e-commerce company Yamibuy, and would be delivering...

The Trump administration has cut fuel standards and ushered in a plan calling for significantly lower annual increases in fuel efficiency. What Happened On Tuesday, the Environmental Protection Agency and the Department of Transportation finalized a norm titled “The Safer Affordable Fuel-...

Ford Motor Company (NYSE: F) stock continued to drop on Wednesday after the company's disappointing earnings report, but two sell-side analysts kept positive ratings on the beleaguered automotive giant. Ford lost $1.7 billion in the fourth quarter and earnings per share came in at 12 cents, 3...

Fiat Chrysler Automobiles NV (NYSE: FCAU) employees have approved a four-year negotiated contract that guarantees the creation or retention of nearly 8,000 jobs and includes $9 billion in investments by the automaker in its U.S. manufacturing operations. What Happened The United Auto Workers...

Tesla Inc (NASDAQ: TSLA) presented its much-anticipated all-electric pickup “cybertruck” on Thursday. “Trucks have been the same for a long time, like 100 years. We need something different, and we need sustainable energy now. So I present to you the cybertruck,” the company...

Ford Motor Company's (NYSE: F) lowered expectations for full-year earnings hammered the stock on Thursday and brought a downgrade from a sell-side analyst, but a couple others said the expected difficulties and now lower price present a buying opportunity. Ford said it expects more slumping...

Expect a generally uninspiring third quarter from the "Big 3" automakers on continued international uncertainty that’s weighing on sales, one-time product cycle issues and a strike, Bank of America said ahead of earnings reports from the three major U.S. manufacturers. Ford Motor...