Volkswagen to hike wages for U.S. workers by 11%

BYD launches flagship Han sedan in UAE

November 24, 2023 8:41 AM EST

Chinese electric car manufacturer BYD announced Friday the debut of its premier Han sedan in the United Arab Emirates this week.

Additionally, BYD's local website indicates the availability of its ATTO 3 model for purchase in the UAE.

This development signifies a continued effort by Chinese enterprises to... More

Tesla (TSLA) ready to invest $2B to build in India

November 24, 2023 8:27 AM EST

On Friday, a report by The Economic Times revealed Tesla (NASDAQ: TSLA) is ready to invest up to $2 billion towards establishing a factory in India if the countrys government cuts import duty on its vehicles to 15% for the first two years of... More

Toyota Motor (7203:JP) (TM) PT Raised to 3,000 at Morgan Stanley

November 22, 2023 11:18 AM EST

Morgan Stanley analyst Shinji Kakiuchi raised the price target on Toyota Motor (7203:JP) (NYSE: TM) to 3,000.00 (from 2,700.00) while maintaining a Equalweight rating.... More

Honda Motor (7267:JP) (HMC) PT Raised to JPY2,000 at Morgan Stanley

November 22, 2023 11:18 AM EST

Morgan Stanley analyst Shinji Kakiuchi raised the price target on Honda Motor (7267:JP) (NYSE: HMC) to JPY2,000.00 (from JPY1,900.00) while maintaining a Overweight rating.... More

General Motors (GM) call put ratio 5 calls to 1 put

November 22, 2023 11:02 AM EST

General Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 46. Call put ratio 5 calls to 1 put.

... More

Ford Motor (F) call put ratio 2.6 calls to 1 put

November 22, 2023 11:02 AM EST

Ford Motor (NYSE: F) 30-day option implied volatility is at 27; compared to its 52-week range of 27 to 578. Call put ratio 2.6 calls to 1 put.

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New vehicle sales expected to grow 10% in November

November 22, 2023 9:35 AM EST

A recent report by industry analysts J.D. Power and GlobalData, published on Wednesday, projects that November's new-vehicle sales will hit 1,236,000 units, marking a significant 10.2% increase compared to the same period last year.

"Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and... More

Judge finds evidence that Tesla, Musk knew about Autopilot defect

November 21, 2023 7:54 PM EST

By Hyunjoo Jin and Dan Levine

(Reuters) -A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling.

Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The order has not been previously reported.

The ruling is a... More

Active options: TSLA AMZN NVDA PLTR AAPL MSFT AMD PBR

November 21, 2023 3:04 PM EST

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Ford scales back Michigan battery plant, restarts construction

November 21, 2023 10:37 AM EST

By Joseph White

DETROIT (Reuters) -Ford Motor will scale back the investment, capacity and the number of jobs planned for an electric-vehicle (EV) battery plant in Michigan that has drawn fire from U.S. lawmakers for its use of technology supplied by Chinese battery maker CATL, the automaker said on Tuesday.

Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago.

The No. 2 U.S. automaker plans to start producing low-cost lithium-iron batteries by 2026 based on technology licensed from CATL. Ford will own the factory, and has... More

Ford Motor (F) Resumes Construction Of Marshall EV Plant but Cuts Capacity

November 21, 2023 10:32 AM EST

(Updated - November 21, 2023 10:33 AM EST)

Ford Motor (NYSE: F) announced:

While we remain bullish on our long-term strategy for electric vehicles, we are re-timing and resizing some investments. As stated previously, we have been evaluating BlueOval Battery Park Michigan... More

Active options: TSLA AMZN MSFT AAPL NVDA AMD AI PLTR ZM BAC

November 21, 2023 10:02 AM EST

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Popular stocks with increasing volume: BAC INTC M AI PLTR ZM GM

November 21, 2023 10:00 AM EST

Popular stocks with increasing volume: BAC INTC M AI PLTR ZM GM

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Midday movers: Agilent, VMware, Lowe’s and more

November 21, 2023 7:49 AM EST

(Updated - November 21, 2023 12:31 PM EST)

Investing.com Main U.S. indexes declined on Tuesday as investors awaited the release of the minutes from the most recent Federal Reserve meeting, along with key results from chip designer and AI powerhouse Nvidia (NASDAQ: NVDA) after the market close.

Here are some of the biggest U.S. stock movers today:

Lowes (NYSE: LOW) stock fell 3% after the home improvement retailer cut its full-year financial guidance, saying it was hit by a larger-than-anticipated pullback in consumer... More

General Motors (GM) PT Lowered to $25 at Wells Fargo

November 21, 2023 6:55 AM EST

Wells Fargo analyst Colin M. Langan lowered the price target on General Motors (NYSE: GM) to $25.00 (from $26.00) while maintaining a Underweight rating.... More

Ford Motor (F) ticks up on plan to buyback over $500 million in stock

November 21, 2023 6:39 AM EST

Ford Motor (NYSE: F) shares gained 0.7% in early trading Tuesday after the company disclosed it would buy back up to 51 million shares of common stock in what it described as a "modest ani-dilutive share repurchase program."

The shares repurchased will help offset the dilutive effect of... More

Tesla (TSLA) option implied volatility amid price movement

November 21, 2023 4:38 AM EST

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 55; compared to its 52-week range of 42 to 96.

... More

Active options: TSLA MSFT AAPL PLTR NVDA AMZN META INTC

November 21, 2023 4:19 AM EST

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Stellantis, CATL plan factory in Europe to make cheaper EV batteries

November 21, 2023 1:14 AM EST

By Giulio Piovaccari

MILAN (Reuters) - Stellantis plans to build an electric vehicle (EV) battery plant with China's CATL in Europe, its fourth one in the region, as the European carmaker seeks to make cheaper batteries and more affordable EVs.

The EV battery plans also mark a further strengthening of ties with China after the Franco-Italian carmaker shut down its previous JV, Guangzhou Automobile Group, last year. Last month Stellantis announced a $1.6 billion deal to buy a stake in Chinese EV maker Leapmotor.

Stellantis and CATL on Tuesday announced a preliminary agreement for the supply of... More

Tesla raises price of Model Y long-range in China from Nov 21

November 20, 2023 7:38 PM EST

BEIJING (Reuters) - Tesla Inc has increased the price of its Model Y long-range vehicle in China by 2,000 yuan to 304,400 yuan ($42,212.70) from Tuesday, the company said in a notice.

($1 = 7.2111 Chinese yuan renminbi)

(Reporting by Liz Lee and Shanghai newsroom; Editing by Shri Navaratnam)

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Active options: TSLA MSFT AAPL PLTR NVDA AMZN META INTC

November 20, 2023 1:54 PM EST

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GM Cruise cofounder, senior exec Dan Kan quits day after CEO exit

November 20, 2023 1:47 PM EST

By Greg Bensinger

(Reuters) -General Motors' Cruise co-founder and chief product officer Daniel Kan has resigned, the company told Reuters on Monday, a day after Cruise CEO Kyle Vogt quit.

Kan announced his resignation in a Slack message which was viewed by Reuters. The company and Kan offered no other details.

In his message to employees Kan noted that Cruise had been serving 10,000 rides per week. "I know Cruise will achieve that again soon," he wrote.

The new exit comes at a tumultuous time for self-driving taxi maker Cruise, which is undergoing a... More

Honda Motor Co Ltd (7267:JP) (HMC) PT Raised to JPY1,800 at Macquarie

November 20, 2023 10:55 AM EST

Macquarie analyst James Hong raised the price target on Honda Motor Co Ltd (7267:JP) (NYSE: HMC) to JPY1,800.00 (from JPY1,767.00) while maintaining a Outperform rating.... More

Active options: TSLA NVDA AAPL AMZN MSFT AMD PLTR BABA INTC

November 20, 2023 9:48 AM EST

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Tesla 'looks stuck in a slow lane for another 12-18 months' says Jefferies, urges company to cancel Cybertruck

November 20, 2023 8:40 AM EST

Jefferies analyst Philippe Houchois cut the price target to $210 per share on Tesla (NASDAQ: TSLA) stock as 2024 is already a lost year for growth.

The price target cut reflects reduced earnings and free cash flow estimates. The analyst argues that Tesla looks stuck... More

Midday movers: Microsoft, Boeing, Bristol-Myers Squibb, and more

November 20, 2023 7:58 AM EST

(Updated - November 20, 2023 12:29 PM EST)

Investing.com -- U.S. stocks got off to a strong start, with all three major averages moving higher on Monday. The holiday-shortened week includes the keenly-awaited release of the minutes from the most recent Federal Reserve meeting.

Here are some of the biggest U.S. stock movers today:

Microsoft (NASDAQ: MSFT) stock rose 1.9% with the tech giant set to hire Sam Altman to lead a new advanced artificial intelligence research team, just days after the prominent AI-industry figure was ousted as CEO... More

Active options: TSLA NVDA AAPL AMZN AMD MSFT BABA

November 20, 2023 5:04 AM EST

Active options: TSLA NVDA AAPL AMZN AMD MSFT BABA

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