Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Gotion High-Tech launches 1000km range EV battery

Chinese battery maker, Gotion High-Tech on Friday launched its in-house L600 Astroinno battery cell and pack under the LMFP lineup at the 12th Gotion Technology Conference. The companye new battery features a range of up to 1000km, setting a precedent for developing NCM-free batteries. The batterys debut follows a procurement letter from Volkswagen designating Gotion as a supplier for the automaker's overseas markets.

Dr. Cheng Qian, Executive President of the International Business Unit of Gotion High-Tech, who released... More

Lawsuit claims Revel driver experienced 'unintended acceleration' in Tesla (TSLA)

A driver for electric ridesharing startup, Revel is suing Tesla (NASDAQ: TSLA) over claims of "unintended acceleration". The plaintiffs lawyer noted that a Tesla suddenly and automatically took off, forcing the driver to crash the vehicle.

The lawsuit was filed earlier this week with the New York State Supreme Court. The filing noted that plaintiff Akm Shamsuzzaman showed up for work at Revel Transit, where he was employed as a driver, on January 29 and was assigned to... More

Ontario boosts financial support for Stellantis (STLA) to resume battery plant

On Friday, Premier Doug Ford of Ontario announced that his government would increase its financial support to help Stellantis (NYSE: STLA)) resume construction of its battery plant in Canada.

Stellantis on Monday halted construction at its $3.7 billion electric-vehicle battery plant in Canada, which is being built in partnership with South... More

U.S. administration announces $51M investment towards EV charging network

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

Nio (NIO) and Autoliv (ALV) to collaborate on safety technology for future EVs

Autoliv, Inc. (NYSE: ALV) and NIO Inc (NYSE: NIO) announced Friday that they have signed a strategic cooperation framework agreement to collaborate on several new safety technologies for electric vehicles with an overarching focus on sustainable solutions.

Autoliv wrote in a press release that The strategic cooperation between NIO and Autoliv marks a significant milestone in our shared objective to redefine the way people experience... More

Deutsche Bank 'encouraged' by Tesla (TSLA) following tour of Texas Gigafactory

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) and maintained their 12-month price target on the stock at $200.00 after hosting investors in Austin for a guided tour of the electric automakers Texas Gigaplant. They also held meetings with the companys Head of IR Martin Viecha and Director Travis Axelrod.

Analyst Emmanuel Rosner was, once again, impressed with the plant, which he says is well designed and runs very efficiently, and is clearly making good progress in ramping up both vehicles and battery cells volumes, and in installing tooling for... More

Nio (NIO) goes nuclear, invests in fusion technology startup

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has made an investment in, Neo Fusion, a company that is developing fusion technologies, according to a company filing.

According to a report by Reuters, citing unnamed sources with direct knowledge, Neo Fusion will... More

Tesla (TSLA) Tesla 'serious' about establishing presence in India says Minister

During an interview with Reuters on Friday, the Deputy Minister for Technology of India said that Tesla Inc. (NASDAQ: TSLA), the electric automaker, is "serious" about plans to establishing a manufacturing presence in the country. This week, Tesla engaged in discussions with Indian officials, covering multiple subjects such as incentives for car and battery manufacturing,... More

Fisker (FSR) explores collaboration with other companies

Fisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.

"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.

During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More

Tesla (TSLA) reopens talks with India, proposes new EV factory

Reuters reports, citing a source with direct knowledge of the matter, that electric vehicle giant Tesla (NASDAQ: TSLA) told government officials on Wednesday they would like to build a factory in India to build electric cars for domestic sale and... More

Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules

American automaker, Ford (NYSE: F) on Wednesday called for the post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric.

"Ford is calling for current trade requirements to be extended to 2027, to allow time for the battery supply chain to... More

Active options: TSLA AMZN AMD NVDA AAPL GOOGL MSFT TGT META

Active options: TSLA AMZN AMD NVDA AAPL GOOGL MSFT TGT META

China's BYD launches autonomous driving division and extensive recruitment drive

BYD Co, the largest electric vehicle manufacturer in China, is well aware of its lag behind competitors in autonomous driving technology. In order to address this weakness, the company has established a new division and launched an extensive recruitment campaign.

During an investor forum this month, Senior Vice President Stella Li revealed that BYD Co has successfully recruited approximately 4,000 to 5,000 software engineers. In a transcript verified by the company, she stated, "Although we are currently not leading the pack, we are committed to delivering a... More

Tesla (TSLA) to finally enter India, will build a local EV factory for domestic sales and export

Tesla (NASDAQ: TSLA) is looking to further expand its global footprint with a new EV factory in India, as reported by Reuters early Wednesday.

According to a "source with direct knowledge of the matter," the new plant, if materialized, will produce cars for both domestic sales and... More

Tesla's (TSLA) shareholder meeting: Musk unveils product updates, strategic plans, and an advertising shift; Analysts positive

Tesla (NASDAQ: TSLA) held its annual shareholder meeting in Austin Texas on Tuesday where CEO Elon Musk updated investors on the companys current product fleet, FSD, its Cybertruck production ramp, and plans to complete Part 3 of its Master Plan to provide a path towards a 100% sustainable economy.

The meeting took place just days after Musk announced that there will be a new person heading up Twitter, signaling to TSLA shareholders he may have more time to spend on the electric vehicle giant.

The multi-billionaire reiterated his commitment to... More

Target, TJX and EVgo fall premarket; Western Alliance and Tesla rise

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 17th. Please refresh for updates.

Target (NYSE: TGT) stock fell 0.9% after the retail giant forecast a gloomy second quarter even as it maintained its 2023 annual profit expectation after beating first-quarter results, benefiting from steady demand for beauty... More

Tesla restarts India market talks with new factory proposal - source

By Aditya Kalra and Aditi Shah

NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter.

The proposal comes after India refused to agree to Tesla's request last year to lower the import tax on cars, which can reach as much as 100%. India wanted the carmaker... More

Stifel starts EVgo (EVGO) at Buy, believes company is positioned well to capitalize on growth trend

Stifel initiated coverage of EV fast charging company, EVgo Inc. (NASDAQ: EVGO) with a Buy rating and set their 12 month price target for the stock at $9.00.

EVgo is a leading EV charging company based in Los Angeles. Their primary business is the... More

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

6 key takeaways from Tesla's (TSLA) shareholder meeting - Bernstein

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA). Six key takeaways from the meeting:

Wedbush Reiterates Outperform Rating on Tesla (TSLA) after annual meeting

Wedbush analyst Daniel Ives reiterated an Outperform rating and $215.00 price target on Tesla (NASDAQ: TSLA).

"While Musk cited a choppy macro for the next year we heard an optimistic Musk with Tesla set to have a strong year of innovation and... More

CFRA Reiterates Buy Rating on Tesla (TSLA) after annual meeting

CFRA analyst Garrett Nelson reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).

"We consider comments coming out of TSLA's annual meeting a positive. CEO Elon Musk said it remains on track to achieve first deliveries of the... More

CFRA Reiterates Strong Buy Rating on Tesla (TSLA) Following Comments from Annual Meeting

CFRA analyst Garrett Nelson reiterated a Strong Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA) saying they view comments coming out of TSLA's annual meeting a positive.

The analyst commented, "CEO Elon Musk said it remains on track to achieve first... More

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Tesla (TSLA) May option implied volatility into annual shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 58, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.

Elon Musk reverses course and says Tesla will advertise its cars

By Hyunjoo Jin and Sheila Dang

SAN FRANCISCO (Reuters) - Tesla Inc boss Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the automaker would try it and see whether it produced results.

Musk said it was "ironic" that as CEO of Tesla, he now owns Twitter. The social media platform is... More

Tesla (TSLA) CEO Elon Musk said the company may try advertising

Tesla (NASDAQ: TSLA) CEO Elon Musk said the company may try advertising.

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT

Midday movers: Home Depot, Capital One Financial, Tesla and more

Investing.com -- Stocks were mixed at midday Tuesday as investors waited for clarity on the direction of negotiations over raising the debt ceiling, with a June 1 deadline just weeks away. Here are the market movers for May 16.

Tesla (TSLA) Model 3 dominates reliability study, outperforming ICE counterparts

Teslas (NASDAQ: TSLA) participated in a new reliability study by the Allgemeiner Deutscher Automobil-Club (ADAC) in Germany where their electric Model 3 crushed its internal combustion engine (ICE) counterparts.

It should come as no surprise that electric vehicles (EVs) are generally more reliable than their fossil-fuel-powered counterparts, given their remarkable mechanical simplicity. The superiority of EVs in terms of reliability has been... More

Canada increases subsidy support for Stellantis (STLA) battery plant in effort to resolve construction stalemate

Canadas Industry Minister, Francois-Philippe Champagne announced Tuesday that the country has increased its planned support to carmaker Stellantis (NASDAQ: STLA) in an effort to end a stalemate between the two entities and continue construction on a battery plant in Windsor, Ontario.

The automaker halted construction Monday due to a disagreement with the federal government regarding subsidies.

To break the "stalemate," it is important that Ontario "pay its fair share," Champagne told reporters at a news... More

Canada increases subsidy support for Stellantis (STLA) battery plant in effort to resolve construction stalemate

Canadas Industry Minister, Francois-Philippe Champagne announced Tuesday that the country has increased its planned support to carmaker Stellantis (NASDAQ: STLA) in an effort to end a stalemate between the two entities and continue construction on a battery plant in Windsor, Ontario.

The automaker halted construction Monday due to a disagreement with the federal government regarding subsidies.

To break the "stalemate," it is important that Ontario "pay its fair share," Champagne told reporters at a news... More

Tesla (TSLA) May option IV above June into shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 56, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.

Stellantis (STLA) agrees to acquire 33.3% of Symbio

Automaker, Stellantis (NASDAQ: STLA) on Tuesday, made an announcement regarding its partnership with Faurecia and Michelin. They have signed a binding agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent company specializing in zero-emission hydrogen mobility. Faurecia and Michelin will continue to be shareholders, each holding a 33.3% stake in Symbio.

This announcement marks a notable milestone in the efforts to decarbonize the mobility industry and showcases Symbio's exceptional expertise in hydrogen fuel cell advancements. With Stellantis coming on board as a shareholder, Symbio's growth will receive a substantial boost, both... More

Stellantis (STLA) agrees to acquire 33.3% of Symbio

Automaker, Stellantis (NASDAQ: STLA) on Tuesday, made an announcement regarding its partnership with Faurecia and Michelin. They have signed a binding agreement wherein Stellantis will acquire a 33.3% stake in Symbio, a prominent company specializing in zero-emission hydrogen mobility. Faurecia and Michelin will continue to be shareholders, each holding a 33.3% stake in Symbio.

This announcement marks a notable milestone in the efforts to decarbonize the mobility industry and showcases Symbio's exceptional expertise in hydrogen fuel cell advancements. With Stellantis coming on board as a shareholder, Symbio's growth will receive a substantial boost, both... More

Polestar (PSNY) COO calls for partnerships to tackle supply chain decarbonization challenges

Polestar Autos (NASDAQ: PSNY) COO, Dennis Nobelius said Tuesday that the electric automaker is open to partnerships to tackle the challenges of decarbonizing the supply chain.

While speaking at the Reuters Automotive Conference in Munich, Nobelius said, If we align with partners and say this is how we decarbonize the supply chain... we can make an impact... we would like to team up".

Polestar, whose cars are produced by... More

Home Depot, Wells Fargo, Vodafone fall premarket; Capital One rises

Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.

Home Depot (NYSE: HD) stock fell 2.4% after the largest U.S. home... More

Tesla (TSLA) seeks approval to expand Shanghai plant, add pouch battery cell production

Tesla (NASDAQ: TSLA) has applied for and is seeking regulatory approval to expand its Shanghai plant and begin producing for the first time pouch-type battery cells in limited quantity.

According to an undated public notice, the Shanghai Gigafactory could potentially expand its capacity to manufacture 1.75 million powertrain units per year, an increase from its current production capacity of 1.25 million units.

Its unclear from the notice, which was posted... More

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) introduces discounts for business and fleet buyers in Germany

Electric automaker, Tesla (NASDAQ: TSLA) announced Monday that they have implemented additional discounts for business customers in Germany, signaling the companys increasingly aggressive pricing strategy.

According to a company representative, fleet buyers can now take advantage of an extra 2,250 euro ($2,447) discount. This... More

Elon Musk says Tesla not immune to tough economy that he foresees

By Hyunjoo Jin and Akash Sriram

(Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.

At the company's annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed Cybertruck pickup would start this year.

In a sign of tough times even for Tesla, the market leader in electric... More

Stellantis (STLA) to Acquire Equal Stake with Faurecia and Michelin in Symbio

Stellantis to Acquire Equal Stake with Faurecia and Michelin in Symbio, a Leader in Zero-emission Hydrogen Mobility

Faurecia, a company of the FORVIA group, Michelin and Stellantis (NYSE: STLA) announce today the signing of a binding agreement for Stellantis to acquire 33.3% stake in Symbio, a leader in zero-emission... More

Stellantis (STLA) to Acquire Equal Stake with Faurecia and Michelin in Symbio

Stellantis to Acquire Equal Stake with Faurecia and Michelin in Symbio, a Leader in Zero-emission Hydrogen Mobility

Faurecia, a company of the FORVIA group, Michelin and Stellantis (NYSE: STLA) announce today the signing of a binding agreement for Stellantis to acquire 33.3% stake in Symbio, a leader in zero-emission... More

Tesla applies to expand Shanghai plant, add pouch battery cell output

(Reuters) - Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers.

An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from 1.25 million currently.

It was not clear from the notice, posted on the website of the district where the factory is located, whether Tesla is committed to moving ahead with the expansion or is only seeking approval for potential, future capacity.

Tesla did not... More

Tesla (TSLA) option implied volatility into annual shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting today.

Capital One (COF) gains as Buffett's Berkshire shows new stake

Shares of Capital One Financial (NYSE: COF) gained 5.7% after-hours Monday after Warren Buffett's Berkshire Hathaway disclosed the credit card firm as its newest stock holding.

Berkshire disclosed in a 13F with the SEC after the close of trading that it owned 9,922,000... More

Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by US Virgin Islands

By Tom Hals

WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses by late sex offender Jeffrey Epstein.

The subpoena, issued on April 28, came to light on Monday in a request by the Virgin Islands to serve Musk by alternative means because it had been unable to locate and serve him.

The U.S. territory did not seek to question Musk under oath, and its effort to subpoena him does not implicate him in any wrongdoing.

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

Buffett's Berkshire Hathaway shows new stake in Capital One Financial (COF), Raises Apple - 13F

Warren Buffett's Berkshire Hathaway released its 13F for the quarter ended March 31, 2023. Below is a summary":

New Stakes
Capital One Financial (NYSE: COF) new 9,922,000 share position
DIAGEO PLC (NYSE: DEO) new 227,750 share position
Vitesse Energy, Inc. (NYSE: VTS) new 51,026 share position

Raised Stakes
Apple Inc. (NASDAQ: AAPL) raised from 895,136,175 shares to 915,560,382 shares
Bank of America Corp (NYSE: BAC) raised from 1,010,100,606 shares to 1,032,852,006 shares
Citigroup Inc. (NYSE: C) raised from 55,155,797... More

Tesla (TSLA) option implied volatility into annual shareholder meeting on May 16

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Musk tells Tesla staff he must approve all hiring- memo

(Reuters) - Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters.

According to the email, Musk told executives to send him a list of hiring requests... More

Musk Tells Tesla (TSLA) Staff He Must Approve All Hiring - The Information

Musk Tells Tesla (NASDAQ: TSLA) Staff He Must Approve All Hiring - The Information

Stellantis (STLA) halts plant construction in Windsor over subsidy disagreement

Stellantis (NYSE: STLA), on Monday, made an announcement stating that it has halted the construction of its electric vehicle battery manufacturing facility in Windsor, Canada. According to a company spokesperson, this decision was made due to a disagreement with the federal government regarding subsidies.

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said.

The move follows an agreement between... More

Stellantis (STLA) halts plant construction in Windsor over subsidy disagreement

Stellantis (NYSE: STLA), on Monday, made an announcement stating that it has halted the construction of its electric vehicle battery manufacturing facility in Windsor, Canada. According to a company spokesperson, this decision was made due to a disagreement with the federal government regarding subsidies.

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said.

The move follows an agreement between... More

Musk: Tesla to make significant investments in France at some point

PARIS (Reuters) - US electric car manufacturer Tesla will make significant investments in France, its CEO Elon Musk said in Versailles on Monday, adding that he could not give a timetable.

Asked after a meeting with French President Emmanuel Macron whether Tesla planned to announce investments in France,... More

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Tesla (TSLA) option IV into annual shareholder meeting

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Newmont, Magellan Midstream, Ford and Meta rise premarket; ONEOK falls

Investing.com -- Stocks in focus in premarket trade on Monday, May 15th. Please refresh for updates.

Newmont Goldcorp (NYSE: NEM) stock rose 0.6% after Australian target Newcrest Mining (OTC: NCMGF) said it would back the U.S. gold... More

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Ford (F) aims to reduce costs in China in attempt to boost business

Ford (NYSE: F) announced Monday that the American automaker is working to reduce costs in China as it strives to recover from a long sales slump in the world's largest auto market.

Our costs are not competitive, and we are working... More

Ford says it will reduce costs to boost China business

SHANGHAI/BEIJING (Reuters) - Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world's largest auto market.

Our costs are not competitive, and we are working internally and with our partners to reduce... More

Analysis-Tesla’s new car-making process stokes debate among industry experts

By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee

(Reuters) - Tesla Inc's new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk's so-called unboxed process is radical, revisionist or derivative - or all of the above.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to build more affordable - and profitable - electric vehicles in higher volumes.

Investors have been waiting for Tesla, the world's most valuable automaker, to announce what is perceived as the company's... More

General Motors (GM) Recalls 994,763 US Vehicles Over Air Bags - NHTSA

General Motors (GM) Recalls 994,763 US Vehicles Over Air Bags - NHTSA

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Ford (F) PT Raised to $12.80 at Citi

Citi analyst Itay Michaeli raised the price target on Ford (NYSE: F) to $12.80 (from $12.50) while maintaining a Neutral rating.... More