Author: Yarhow_Finance Online News

NIO pops on SUV demand, Rivian downgrade, McGraw Hill IPO

00:00 Speaker A It’s time for your Yahoo! Finance’s market minute. Stocks not much changed as investors digest tariff risks and look ahead to the June CPI report on Tuesday. Shares of Chinese EV maker Neo jumping on strong demand for its new SUV. Shares up over 5%, actually over 6% after Morgan Stanley said… Continue reading NIO pops on SUV demand, Rivian downgrade, McGraw Hill IPO

State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses

‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war

Once China’s dominant carmaker before being overtaken by fast-growing EV leader BYD, Volkswagen is now in a rebuilding year. VW Group China boss Ralf Brandstätter says he’s willing to sacrifice market share during the price war to protect the equity of his company’s car brands. Relief is due to come next year with a new… Continue reading ‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war

Analysis-Despite tariffs, it’s still America first for Asia’s legacy automakers

By Hyunjoo Jin, Maki Shiraki and Heekyong Yang SEOUL/TOKYO (Reuters) -Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported automobiles have upended the outlook… Continue reading Analysis-Despite tariffs, it’s still America first for Asia’s legacy automakers

GM to produce lower-cost battery cells at Tennessee plant

By Nora Eckert DETROIT (Reuters) -General Motors is planning to produce lower-cost battery cells at its joint-venture plant with South Korea’s LG Energy Solution in Tennessee. The Detroit automaker is rolling out production of lithium-iron-phosphate (LFP) batteries, a technology that is gaining popularity at other automakers in the U.S. including at cross-town rival Ford Motor.… Continue reading GM to produce lower-cost battery cells at Tennessee plant

General Motors Halts Production at Mexico Plant for Several Weeks

General Motors Company GM is temporarily halting production at its pickup truck plant in Silao, Mexico, for several weeks, which will affect the output of its highest-selling models, per Reuters. While GM acknowledged the production pause, it did not specify the break time.  Per sources, the Silao facility, which manufactures the Chevrolet Silverado and GMC… Continue reading General Motors Halts Production at Mexico Plant for Several Weeks

3 Stocks Under $50 Skating on Thin Ice

The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead. They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers. Luckily for you, our mission at StockStory is to help you make… Continue reading 3 Stocks Under $50 Skating on Thin Ice

Chinese EVs take off in the UK as BYD closes in on Tesla

The UK has become a pivotal market for Chinese electric vehicle (EV) manufacturers, accounting for 30% of all Chinese electric models sold across Europe. The number of electric cars on UK roads has nearly doubled in the past two years, and nearly one in five new cars sold in 2024 was electric. BYD (1211.HK), China’s… Continue reading Chinese EVs take off in the UK as BYD closes in on Tesla