Fisker FSR announced to develop an innovative Dealer Partnership model in North America. The new strategy aligns with FSR’s asset-light business model and will expedite the expansion of its sales and delivery network. In Europe, the automaker plans to pursue a hybrid model comprising direct sales and dealer arrangements. Fisker expects to have nearly 100… Continue reading Fisker (FSR) Adopts Dealer Partnership Model to Boost Sales
Author: Yarhow_Finance Online News
Why Shares of Rivian, Nio, and Fisker Raced Higher in December
Providing a gift to investors during the holiday season, electric vehicle stocks accelerated through the finish line of 2023 and ended notably higher than where they were at the end of November. From encouraging delivery figures to new partnerships, there was a variety of things that led investors to park Rivian (RIVN 1.23%), Nio (NIO… Continue reading Why Shares of Rivian, Nio, and Fisker Raced Higher in December
Ford (F) Recalls 112,965 F-150 Trucks Over Rear Axle Defect
Ford F has asked owners of F-150 pickups with the Trailer Tow Max Duty package to contact the dealership to get their vehicles tested for newly identified defects. Per the National Highway Transportation Safety Administration (“NHTSA”) website, the auto manufacturer is recalling 112,965 F-150 pickups due to a defect in the rear axle hub. Per… Continue reading Ford (F) Recalls 112,965 F-150 Trucks Over Rear Axle Defect
How China’s BYD Beat Tesla at Its Own Game
(Bloomberg) — “The biggest car brand you’ve never heard of.” Those are the words China’s top carmaker is using to promote itself as it looks to expand across the globe. Having become China’s best-selling auto brand at home, BYD Co. (which stands for Build Your Dreams) has now surpassed Tesla to be the world’s biggest… Continue reading How China’s BYD Beat Tesla at Its Own Game
Mobileye Global Stock Plummets After Revenue Warning
The Wall Street Journal Ford Posts Single-Digit Sales Increase in 2023 Ford’s U.S. sales rose 7.1% in 2023, boosted by strong demand for its pickup trucks and commercial vans. The Dearborn, Mich., automaker, which released full-year figures Thursday, sold around 2 million vehicles last year, a result that wasn’t significantly impacted by the six-week long… Continue reading Mobileye Global Stock Plummets After Revenue Warning
Webcast Alert: BorgWarner 2023 Fourth Quarter and Full Year Results Conference Call
AUBURN HILLS, Mich., Jan. 3, 2024 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announces the following Webcast: BorgWarner Logo (PRNewsfoto/BorgWarner) What: BorgWarner 2023 Fourth Quarter and Full Year Results Conference Call When: February 8, 2024 @ 9:30am Eastern Time Where: … Continue reading Webcast Alert: BorgWarner 2023 Fourth Quarter and Full Year Results Conference Call
Mobileye Global Stock Plummets After Revenue Warning
The Wall Street Journal Ford Posts Single-Digit Sales Increase in 2023 Ford’s U.S. sales rose 7.1% in 2023, boosted by strong demand for its pickup trucks and commercial vans. The Dearborn, Mich., automaker, which released full-year figures Thursday, sold around 2 million vehicles last year, a result that wasn’t significantly impacted by the six-week long… Continue reading Mobileye Global Stock Plummets After Revenue Warning
General Motors (GM) Logs Strong Growth in US Sales in 2023
In 2023, General Motors GM sold 2.6 million vehicles in the United States, representing an uptick of 14% year over year. The automaker led the industry in total sales and was a top seller of trucks, full-size pickups, full-size sport utility vehicles (“SUVs”), affordable SUVs and fleet vehicles. GM’s total market share grew 0.3 percentage… Continue reading General Motors (GM) Logs Strong Growth in US Sales in 2023
Short sellers target world’s top EV maker as rivalry intensifies
(Bloomberg) — Bearish bets against Chinese electric vehicle maker BYD Co. have surged to the highest since September, reflecting worries that sales growth may slow as competition intensifies. Most Read from Bloomberg Short interest on the shares accounted for about 5.5% of the stock’s free float in Hong Kong as of Jan. 1, according to… Continue reading Short sellers target world’s top EV maker as rivalry intensifies
GM, Stellantis US Sales Hit by UAW Strikes, High Sticker Prices
(Bloomberg) — General Motors Co., Stellantis NV and other automakers reported slowing US sales growth toward the end of last year while rival Toyota Motor Corp.’s volume remained strong, as near-record sticker prices and high interest rates led to uneven impacts across the auto market. Most Read from Bloomberg GM’s deliveries ticked up less than… Continue reading GM, Stellantis US Sales Hit by UAW Strikes, High Sticker Prices