What happenedShares of Chinese electric vehicle maker NIO (NYSE: NIO) were trading lower on Monday. There was no obvious news driving shares lower, but it may have been caught in a sell-off that affected other recently hot investments including Tesla and Bitcoin.
Toyota Motors’ stock (NYSE: TM) has risen 5.4% over the last 5 trading days, as it reported earnings for Q3 FY 2021 (ended December 2020) last week. For Q3 FY 2021 (ended December 2020) Toyota reported revenues at ¥8150 billion, up 7% y-o-y and earnings at ¥299.97
China's Baidu Inc and automaker Geely hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture, the search engine giant said on Monday.
The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries.
The stock market continued to be choppy on Friday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) struggled to hold onto its ground. After being up sharply in the morning, the Nasdaq dropped into negative territory briefly in the afternoon before rebounding. The index was higher b
Canadian auto-industry supplier Magna International (NYSE: MGA) said on Feb. 19 that its fourth-quarter net income jumped 68% from a year ago, to $738 million, as its automaker clients produced more vehicles than expected. On an adjusted basis, excluding one-time items, Magna ear
U.S. factory activity slowed in early February likely as a global semiconductor chip shortage hurt production at automobile plants, while prices of inputs and manufactured goods soared, which could heighten fears of strong inflation growth this year.
Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.
U.S. factory activity slowed in early February likely as a global semiconductor chip shortage hurt production at automobile plants, while prices of inputs and manufactured goods soared, which could heighten fears of strong inflation growth this year.
(RTTNews) - Ford Motor Co. called back a total of 155,890 vehicles in two safety recalls in North America. The first recall involves 154,224 vehicles for obsolete driver or passenger Takata airbag inflator or module potentially installed during collision or theft repairs after th
Texas energy firms on Friday began to prepare for oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.
The semiconductor crunch that has battered the auto sector leaves carmakers with a stark choice: pay up, stock up or risk getting stuck on the sidelines as chipmakers focus on more lucrative business elsewhere.
Indian shares inched lower on Friday and were on course to close the week lower after two weeks of gains, dragged down by private sector lenders ICICI Bank and HDFC Bank as investors continued to book profits after recent run-ups.
Ford Motor has frozen all projects it was working on with Mahindra & Mahindra while it finalises a new India strategy, three people familiar with the U.S. carmaker's plans told Reuters, weeks after the two companies called off their planned joint venture.
Ford Motor has frozen all projects it was working on with Mahindra & Mahindra while it finalises a new India strategy, three people familiar with the U.S. carmaker's plans told Reuters, weeks after the two companies called off their planned joint venture.
Ford Motor has frozen all projects it was working on with Mahindra & Mahindra while it finalises a new India strategy, three people familiar with the U.S. carmaker's plans told Reuters, weeks after the two companies called off their planned joint venture.