U.S. stock index futures edged higher on Thursday, led by gains in Caterpillar, Merck and Ford after upbeat quarterly earnings, while investors awaited data that will likely throw light on the pace of the economic recovery.
With dozens of companies preparing to roll out new electric vehicles, we're about to see the dynamics of the EV industry change dramatically. In this Fool Live video clip, recorded on Oct. 18, Fool.com contributor and auto industry expert John Rosevear discusses what he thinks in
Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears up to make its market debut in Europe's biggest IPO so far this year.
The benchmark S&P 500 index is back at all-time highs after a paltry 5% dip during the September and October market sell-off. Investors who were hoping for a more attractive buying opportunity might be disappointed, but Wall Street thinks there's still enormous value to be fo
The global semiconductor chip shortage cost Volkswagen and Stellantis a combined 1.4 million vehicles in lost production in the third quarter, Europe's two biggest carmakers said on Thursday, though both reported some early signs of improvement.
Japan's Panasonic Corp on Thursday raised its full year operating profit outlook by 12% helped by a share valuation gain and increased sales of automotive batteries and factory automation equipment.
In wealthy Singapore, where new vehicle registration is tightly controlled to manage the city state's traffic and pollution, Tesla Inc is having a moment: surging sales are gobbling up rivals' market share.
Detroit automakers Ford Motor Co and General Motors Co both took advantage of insatiable demand from U.S. consumers for trucks and SUVs to offset the pain caused by supply chain bottlenecks.
(RTTNews) - Car rental company Hertz (HTZ) on Wednesday announced a partnership with ride-hailing service Uber (UBER) to make available up to 50,000 Teslas by 2023 for drivers to rent when using the Uber network.
Consumer stocks were mixed late in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 0.5% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was climbing 0.4%, giving back a portion of its midday advance.
What happened
After kicking off Wednesday on a positive note and popping by 2% in early morning trading, electric vehicle stock Nio (NYSE: NIO) shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%.
(RTTNews) - Elon Musk, the founder and CEO of Tesla Inc. (TSLA) and also the wealthiest person in the world, could feed 42 million people with just a fraction of his massive fortune, hinted a United Nations executive to CNN on Tuesday.
UN Executive Director for the World Foo
Consumer stocks were broadly mixed in mid-week trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 0.5% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was climbing 1.0%.
What happened
Shares of electric car maker Tesla (NASDAQ: TSLA) have been on a tear recently. The stock broke out into new all-time highs last week and has risen even more this week.
The tech-heavy Nasdaq rose on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies.
Volkswagen CEO Herbert Diess has cancelled a trip to meet investors in the United States and will take part in a Nov. 4 staff meeting instead, a spokesperson said on Wednesday, in a bid to defuse conflict with frustrated labour representatives.
The Nasdaq led gains among Wall Street indexes on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies.
Uber Technologies Inc on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc vehicles as a rental option for its ride-hail drivers by 2023.