EV owners around the world want to go back to buying gas cars

EV owners around the world want to go back to buying gas cars

Ford Mustang Mach E electric vehicles are offered for sale at a dealership on June 05, 2024 in Chicago, Illinois.  Scott Olson | Getty Images News | Getty Images Car buyers who were among the first to make the EV switch are far from wholly converted. Nearly 30% of electric vehicle owners globally are likely … Read more

Ford, GM, Stellantis stocks fall after disappointing earnings reports

Ford, GM, Stellantis stocks fall after disappointing earnings reports

A Ford Bronco on display at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC DETROIT — Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford closed Thursday at $11.16, down by 18.4% — … Read more

Chinese EV startups are spending more on research than Tesla is

Chinese EV startups are spending more on research than Tesla is

Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in … Read more

Ford Motor (F) earnings Q2 2024

Ford Motor (F) earnings Q2 2024

The Ford display at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC DETROIT — Ford Motor is set to report second-quarter earnings after the markets close Wednesday. The Detroit automaker’s results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong … Read more

GM, Ford, Stellantis second-quarter earnings: What analysts expect

GM, Ford, Stellantis second-quarter earnings: What analysts expect

General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and vehicle prices stable during the first half of the year for America’s … Read more

Tesla and other EV makers like Volvo are betting big on gigacasting

Tesla and other EV makers like Volvo are betting big on gigacasting

In the race to make EVs cheaper and more profitable, companies are pulling just about every lever they can. But while improving battery technology often hogs the spotlight, automakers are investing heavily into changing how the rest of the car is made. One such method is megacasting, or gigacasting, as Tesla calls it. Gigacasting is … Read more

Ford to expand large truck production to Canada

Ford to expand large truck production to Canada

2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford’s Oakville … Read more

NASCAR debuts electric race car prototype ahead of Chicago Street Race

NASCAR debuts electric race car prototype ahead of Chicago Street Race

A prototype of an electric NASCAR race car sits on the lawn during the NASCAR Xfinity Series The Loop 110 at the Chicago Street Course on July 6, 2024. Ben Hsu | Icon Sportswire | Getty Images NASCAR on Saturday unveiled a prototype electric race car as part of a new initiative that aims to … Read more

Ferrari’s success as a luxury brand comes down to five secrets

Ferrari’s success as a luxury brand comes down to five secrets

In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000. … Read more

Ford sales Q2 2024 edge 1% higher

Ford sales Q2 2024 edge 1% higher

Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups … Read more