U.S. Congress members urge EPA to enforce stricter emissions cuts

Ford (F) slashes F-150 Lightning prices

Ford (NYSE: F) revealed Monday that the Detroit automaker is utilizing expanded plant capacity, ongoing efforts to scale production and reduce costs, as well as improved battery raw material expenses to effectively reduce the price of their F-150 Lightning.

All models of the electric pickup truck will be adjusted down by approximately $8,400 with the F-150 Pro being adjusted by $9,979, while the Platinum... More

Ford (F) unveils Mach-E Rally electric SUV at Goodwill Festival

Ford (NYSE: F) made a surprise unveiling of its Mustang Mach-E Rally at the Goodwood Festival of Speed Friday, marking the first time in nearly 60 years that a Mustang has been associated with rallying.

While specific details surrounding the vehicle are still unknown, we... More

Stellantis To Build New Jeep Compass As Fifth Model In Melfi - Reuters

Stellantis To Build New Jeep Compass As Fifth Model In Melfi - Reuters

5 EU auto stocks to watch

The European automotive OEM sector has witnessed continuous improvement in recent years. However, markets are looking through higher returns and cash flows, and are pricing in a mean-reversion to pre-pandemic years. Bernstein acknowledges the significant advancements made by the sector during the pandemic but believes that such a negative outlook would require a global recession of significant scale in the coming year.

Analyst Daniel Roeska takes a more optimistic view, pointing out that pent-up demand could partially offset macroeconomic challenges and affordability concerns. This could result in a free cash flow upside of more than 25%, aiding OEMs in... More

HSBC cuts European and U.S. EV penetration, raises China estimates

HSBC Research on Wednesday cut their 2024-30 European BEV forecasts for the fourth time in a row as they expect a slower adoption curve. The research company also cut their EV penetration forecasts in the US while raising forecasts in China.

Sales penetration of BEV in the EU big 5 countries reached 13% in 2Q23 and 12.4% in 1H23, a 180bps increase y/y. HSBC expects BEV penetration to pick up towards 17-18% in 2H23, similar to the... More

Bank of America upgrades Stellantis (STLA), forecasts strong performance despite challenges

Bank of America upgraded Detroit automaker Stellantis (NYSE: STLA) to a Buy rating (From: Neutral) and raised their 12-month price target on the stock to 20.00 Euro (From 19.00 Euro) ahead of the companys 2Q earnings release.

Bank of America predicts that as the limitations on supply chains become less strict, there is a high... More

Citi opens upside catalyst watch ahead of General Motors (GM) 2Q earnings report

Citi reiterated a Buy rating on top pick, General Motors (NYSE: GM) and raised their 12-month price target on the stock to $89.00 (From $85.00) ahead of the companys 2Q earnings release. Citi also opened a 30-day upside catalyst call as they continue to see plenty of upside from strong North American pricing and expect a solid 2Q beat.

Analyst Itay Michaeli wrote in a note, If GM delivers another beat/raise with continued confidence in the... More

Ford (F) PT Raised to $17 at Citi

Citi analyst Itay Michaeli raised the price target on Ford (NYSE: F) to $17.00 (from $16.00) while maintaining a Buy rating.... More

BofA Securities Upgrades Stellantis NV (STLA) to Buy on above consensus view

BofA Securities analyst Michael Jacks upgraded Stellantis NV (NYSE: STLA) from Neutral to Buy with a price target of EUR20 (= U.S. $22.04).

The analyst commented, "OEMs, including Stellantis, have been over-earning on favourable mix and price in a supply-constrained market. With supply chains easing, earnings... More

Citi Raises PT, Opens Catalyst Watch General Motors (GM)

(Updated - July 12, 2023 6:29 AM EDT)

Citi analyst Itay Michaeli reiterated a Buy rating and raised its price target to $89 (from $85) price target on General Motors (NYSE: GM) and opened an upside 30-day catalyst watch.

The analyst... More

Italian Minister predicts Fiat-parent Stellantis (STLA) will double domestic car production

Italian Industry Minister, Adolfo Urso appeared on SkyTG24 news Tuesday where the minister revealed that he expects Fiat-parent Stellantis (NYSE: STLA) to more than double the number of cars it produces in the country.

The announcement comes a day after Minister Urso... More

Honda Motor (7267:JP) (HMC) PT Raised to JPY5,000 at Citi

Citi analyst Arifumi Yoshida raised the price target on Honda Motor (7267:JP) (NYSE: HMC) to JPY5,000.00 (from JPY4,800.00) while maintaining a Buy rating.... More

U.S. to investigate 356k Ford (F) SUVs as doors unexpectedly open

The National Highway Traffic Safety Administration (NHTSA) revealed Tuesday that the U.S. regulator has opened an investigation into Detroit automaker, Ford Motors (NYSE: F) after receiving 118 questionnaires pointing to the potential for poor spot welds in the check arm bracket for the front... More

U.S. investigates 346,000 Ford Escape SUVs over door issues

By David Shepardson

WASHINGTON (Reuters) -U.S. auto safety investigators on Tuesday said they are opening an investigation into 346,000 Ford Escape sport utility vehicles because a weld in the door assembly may fail, potentially resulting in a door inadvertently opening while driving.

The National Highway Traffic Safety Administration... More

General Motors (GM) PT Raised to $46 at Barclays

Barclays analyst Dan Levy raised the price target on General Motors (NYSE: GM) to $46.00 (from $42.00) while maintaining a Equalweight rating.... More

Ford (F) PT Raised to $14 at Barclays

Barclays analyst Dan Levy raised the price target on Ford (NYSE: F) to $14.00 (from $13.00) while maintaining a Equalweight rating.... More