What happened
Shares of Cerence (NASDAQ: CRNC) were up by more than 13% as of 12:45 p.m. EDT Friday after the artificial intelligence solutions provider for automobiles announced it was being added to S&P MidCap 400 stock index. The change will become effective at the start o
What happened
Shares of embattled electric-truck start-up Lordstown Motors (NASDAQ: RIDE) fell sharply on Friday, after The Wall Street Journal reported that the U.S. Department of Justice (DOJ) is probing the company.
Ford Motor Co's U.S. auto sales in the second quarter rose 9.6% to 475,327 units, benefiting from strong SUV and EV demand in June, the No.2 U.S. automaker said on Friday.
Ford Motor Corp on Friday reported
a 117% rise in U.S. electrified vehicle sales for June, as the
U.S. automaker benefited from strong demand during the COVID-19
pandemic. [nASA02CZP]
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju
Samuel)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
@SanjanaShivdas;))
nL3N2OE2WD
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As tourism-reliant Thailand struggles with a collapse in foreign visitors, the country's auto sector is picking up some of the slack with the value of car exports tipped to surge to a record this year as the global economy reopens.
A top executive of General Motors Co on Tuesday expressed strong support for efforts by the United Auto Workers union to organize U.S. electric vehicle battery plants it is building with a partner, but stopped short of endorsing unionization without a formal worker vote.
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Reuters
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