TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%

Headlines

Weekly roundup: GM exceeds Q3 earnings, EV sales surge, Trump proposes U.S. car tax breaks

- October 25, 2024
Earlier this week: GM surpassed Wall Street Expectations with robust Q3 earnings. The U.S. electric vehicle market sees record growth as EV sales hit new milestones. Trump proposes tax breaks...
Nearly 80 members of Congress have called on automaker Stellantis to fulfill its investment commitments tied to its contract with the UAW

Lawmakers urge Stellantis to honor UAW investment commitments amid rising tensions

- October 24, 2024
Nearly 80 members of Congress, including Senate Majority Leader Chuck Schumer and Senator Dick Durbin, have called on automaker Stellantis to fulfill its investment commitments tied to its contract with...
Tesla reported a strong net income of $2.2 billion for the third quarter, reflecting a 17% increase compared to the same period last year.

Tesla posts robust Q3 earnings with $2.2B net income

- October 24, 2024
Tesla reported a strong net income of $2.2 billion for the third quarter (Q3), reflecting a 17% increase compared to the same period last year. The company's total revenue for...
Hyundai has reported a 7% drop in Q3 operating profit, citing a slowdown in demand & increased competition in the global auto industry

Hyundai warns of slowing demand and rising competition amid 7% drop in Q3 profit

- October 24, 2024
Hyundai Motor has reported a 7% drop in third-quarter operating profit, citing a slowdown in demand and increased competition in the global auto industry. The company posted an operating profit...
Lithia Motors successfully reduced expenses and anticipates saving an additional $100 million in 2025, increasing the total savings.

Lithia Motors surpasses cost-cutting target, achieves $200M in savings

- October 24, 2024
According to COO Adam Chamberlain, Lithia Motors successfully reduced expenses by $200 million by the end of the third quarter, surpassing its original cost-cutting target by $50 million. The initiative,...
U.S. Energy Secretary Jennifer Granholm said the U.S. DOE is swiftly finalizing $1.7 billion in grants to convert plants for EV production

U.S. Energy Department races to finalize $1.7 billion in EV plant conversion grants

- October 23, 2024
U.S. Energy Secretary Jennifer Granholm said on Tuesday that the U.S. Department of Energy is moving swiftly to finalize $1.7 billion in grants to convert automotive plants for electric vehicle...
During a rally on Oct. 22 in Greensboro, North Carolina, Donald Trump highlighted his proposal to offer tax breaks for purchasing vehicles

Trump proposes tax breaks for U.S.-made car purchases as election nears

- October 23, 2024
During a rally on Oct. 22 in Greensboro, North Carolina, Donald Trump highlighted his proposal to offer tax breaks for purchasing vehicles, but only if they are manufactured in the...
Honda is recalling approximately 720,000 vehicles in the United States due to a potential fire risk caused by a cracked fuel pump component.

Honda recalls 720,000 vehicles over fuel pump leak risk

- October 23, 2024
According to safety regulators, Honda is recalling approximately 720,000 vehicles in the United States due to a potential fire risk caused by a cracked fuel pump component. The affected models...
According to the latest data from Cox Automotive, the U.S. electric vehicle market continues its rapid expansion, with new and used EV sales

U.S. electric vehicle market sees record growth as EV sales hit new milestones

- October 23, 2024
According to the latest data from Cox Automotive, the U.S. electric vehicle (EV) market continues its rapid expansion, with both new and used EV sales showing significant growth. In September,...
GM exceeded Wall Street's earnings expectations in its third quarter, reporting a net income of $3.056 billion on revenue of $48.757 billion.

GM surpasses Wall Street Expectations with robust Q3 earnings

- October 22, 2024
General Motors (GM) exceeded Wall Street's earnings expectations in its third quarter, reporting a net income of $3.056 billion on revenue of $48.757 billion, up 10.5% year-over-year. While net income...
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