What happened
Shares of DiamondPeak Holdings (NASDAQ: DPHC) rose as much as 12.5% Friday, and are currently 10% higher, as of 2:15 p.m. EDT. The special purpose acquisition company (SPAC) announced news on its plans to merge with aspiring electric-truck maker Lordstown Motors.
President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.
Honda Motor Co is redesigning the looks and the marketing for its sport utility vehicles and trucks to appeal to U.S. consumers who are paying premiums for rival automakers' vehicles that offer a more rugged, off-road adventure image.
(RTTNews) - Auto major Ford motor unveiled its Bronco Overland concept that is built on a 2021 Bronco four-door SUV Badlands model. Ford showcased the all-new 2021 Ford Bronco, also called Bronco Overland concept, at an event called "Bronco Super Celebrations East" that began on
Millions of U.S. workers have lost their jobs to the pandemic, but in the auto industry, suppliers are scrambling to find enough people to staff production lines, resorting to such approaches as rewards for good attendance and at-work teachers to lure job seekers.
Brazil's auto trade group Anfavea on Wednesday published slightly less dim 2020 forecasts for Latin America's largest car market, which has been slammed by the effects of the coronavirus pandemic on the economy.
Three months ago, Ford Motor Company (NYSE: F) reported that its domestic vehicle deliveries plunged by 33% in the second quarter, as the COVID-19 pandemic weighed on traffic to car dealers and devastated fleet sales.
Tesla (NASDAQ: TSLA) stock has soared by over 4x this year and Tesla’s market cap stands at about $400 billion, compared to about $50 billion for the BMW Group. Tesla also trades at a trailing P/S multiple that is almost 40x BMWs. This comes despite the fact that BMW’s r
The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.
For years, electric-vehicle investing meant one company: Tesla (NASDAQ: TSLA). Sure, Nissan had the Leaf and there were a few hybrids riding around, but Elon Musk's game-changing start-up was the only major player in the space.
Yesterday, Tesla (NASDAQ: TSLA) announced it will make a $25,000 electric vehicle sometime in the near future, and it had me feeling some deja vu from the last decade following the solar industry. Ten years ago, I was extremely high on solar energy because costs were coming dow
Tesla’s (NASDAQ: TSLA) network of Superchargers enables Tesla drivers to recharge their cars in as little as an hour, reducing range anxiety and improving the experience of owning a Tesla. Below, we take a look at how Tesla’s supercharger network is expanding and compare
As we move closer to Nov. 3, election madness is going from high to off the charts. But as of today, Biden is clearly in the lead, according to pollsters. The former vice president has offered a well-articulated vision of the changes he wants to make if he's elected, including e
(RTTNews) - Ford Motor Company (F) reported third quarter U.S. vehicle sales of 551,796 units, down 4.9 percent from a year ago. Retail sales were down 2.0 percent, for the quarter.
Ford Motor Co on Friday continued to show signs of a recovery from the COVID-19 pandemic as demand for sports utility vehicles and pickup trucks helped boost third-quarter sales in the United States.
Reuters
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