Ford recalls 462,000 vehicles for rear camera display failure

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Go back to Ford recalls 462,000 vehicles for rear camera display failure

Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an

January 31, 2023 11:59 AM EST

BYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More

Ford to cut prices while 'significantly' increasing Mach-E production amid Tesla cuts

January 30, 2023 8:53 AM EST

(Updated - January 30, 2023 9:06 AM EST)

Ford (NYSE: F) announced Monday morning that the American vehicle maker will significantly increase production of their Mustang Mach-E this year to help reduce customer wait times. The company also announced that they will be taking advantage of the streamlined costs to reduce prices across the board.

The Mustang Mach-E was the #3 EV model in the U.S. in 2022. The... More

Morgan Stanley Bullish as Tesla (TSLA) ushers in the 'Great EV Deflation'

January 27, 2023 11:55 AM EST

Morgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle giants recent price cuts usher in, what analyst Adam Jonas calls, the Great EV Deflation.

Jonas wrote in a note, In recent days, Ive asked several dealers and automotive experts if theyve ever seen a car company cut prices by 13 to 20% across the vast majority of its product range in one move. Nobody can think of a precedent.

Some... More