Wall Street closed red for 4th week, S&P 500 in correction territory after trade war fears. Inflation cools but not enough to boost markets.
Tesla plans to release an affordable version of Model Y in Shanghai by 2026, using existing production lines and targeting China market.
Benzinga readers show support for the one-month pause on tariffs for the auto sector. The poll also shows whether consumers are likely to rush to buy a vehicle before tariffs come back.
Tesla's stock has fallen 50% since its all-time high, but still ranks high in momentum. Ford and GM may be deep value plays compared to Tesla.
The U.S.-trade tensions are a concern for automakers, with potential for reduced production and higher costs. Tariffs on auto parts may have far-reaching supply chain impacts. Domestic production may limit impact for Tesla and Rivian, but GM and Ford face significant risk.
Musk facing challenges managing multiple businesses while working with Trump for DOGE. TSLA stock drops 15%, erasing $130B in value.
Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.
Trade tariffs fuel market volatility, causing dollar to fall and stocks to decline. GDP forecasts down and Fed expected to cut rates. Bitcoin prices soften despite Strategic Bitcoin Reserve. Auto stocks rebound after tariff postponement.
Canadian Prime Minister Justin Trudeau has announced a 25% tariff on $155 billion worth of U.S. goods. This decision comes as a direct response to the 25% tariffs imposed by U.S. President Donald Trump on Canadian goods, as reported by BNN Bloomberg.
Ford, GM and Stellantis could be hit hard by tariffs on Canada and Mexico. Tesla isn't immune from higher costs and could pay more for parts from Mexico.
Trump pauses tariffs on Mexico and Canada for one month for automotive industry, citing USMCA. Tariffs can raise car prices and hurt sales.
Investors may be assessing trade policy along with President Donald Trump's plan to make interest payments on automobile loans tax deductible for US-made vehicles.
Barclays has issued a warning that the tariffs recently imposed by U.S. President Donald Trump could potentially eliminate the profits of Detroit's "Big Three" automakers - General Motors (NYSE: GM), Ford (NYSE: F), and Stellantis NV (NYSE: STLA).
Ohio Senator supports Trump's tariffs on auto imports from Canada and Mexico, despite industry concerns. He also wants to repeal emissions rules.
Tariffs on Mexico and Canada could hit the automotive sector hard. A look at the cost impact for automakers and what it could mean for consumers.
Ford Motor Co sold 7,326 electric vehicles in February in the U.S., marking a growth of 15% from the corresponding period last year.
Shares of Ford Motor increased following a report showing a 15% rise in U.S. electric vehicle sales in February. The company sold 7,326 EVs, driven by strong demand for the E-Transit van and Mustang Mach-E SUV.
General Motors consumers are most loyal to the manufacturer while Tesla vehicle owners are most loyal to the vehicle make.
Trump reaffirms tariffs on imports from Canada and Mexico, citing need for reciprocal trade. Analysts warn of economic impact and supply chain disruption.
Honda Motor Co. is willing to resume merger negotiations with Nissan Motor Co. if CEO Makoto Uchida steps down.
President Donald Trump hinted at the possibility of imposing tariffs on automobiles, continuing his aggressive trade policy.
Over 1.3 million EVs were sold in the U.S. in 2024, marking a growth of 7.3% year-on-year, and accounting for 8.1% of total auto sales.
Rivian Automotive deployed vehicles to support relief activities in Los Angeles battling wildfires. Tesla and Ford also contributed.
Hyundai and Kia surpassed Ford in EV sales in the U.S. Tesla was the top-selling brand, while GM's brands sold less.
A look at the top 10 EV models in the U.S. for 2024 and the winners and losers in a record year for the electric vehicle sector.
California-based EV startup Rivian Automotive sold more electric vans last year in the U.S. than Dearborn-based legacy automaker Ford Motor Co, according to recent data from automotive research firm Kelley Blue Book.
Ford sold 51,745 Mustang Mach-E SUVs in the U.S. last year, trumping the sales numbers of its gas-powered counterpart Mustang.
Ford Motor Co. unveiled two new Mustang variants Thursday in Detroit, showcasing American performance innovation while the automaker's stock trades near its 52-week low of $9.49.
A "supermajority" of workers at BlueOval SK battery plant in Kentucky has filed a petition with the NLRB for a vote to form their union.
Ford's F-150 Lightning sales have been falling in the U.S. over the past two months as compared to the corresponding months of 2023, while sales of its rival Tesla Cybertruck have risen drastically.
Ford announced that it will cut about 14% of its European workforce.
