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
Author: Yarhow_Finance Online News
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
China’s BYD is rivaling Tesla in size. Can it also match its global reach?
BEIJING (AP) — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released… Continue reading China’s BYD is rivaling Tesla in size. Can it also match its global reach?
Is Nio a Top EV Stock for 2024?
While some trends from 2023 may disappear, one that likely won’t is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales… Continue reading Is Nio a Top EV Stock for 2024?
NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
SHANGHAI, China, Jan. 03, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it is notifying holders of its 0.00% Convertible Senior Notes due 2026 (CUSIP No. 62914VAE6) (the “Notes”) that pursuant… Continue reading NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026
Tesla in for a ‘tough’ 2024: Bernstein analyst
Bernstein is warning of a “tough” road ahead for Tesla (TSLA) in 2024. Bernstein’s Toni Sacconaghi believes the EV automaker’s could fall nearly 40%, arguing that the company’s margins will continue to be squeezed and will “disappoint on volumes.” Yahoo Finance’s Madison Mills in reporting Live from the New York Stock Exchange to deep dive… Continue reading Tesla in for a ‘tough’ 2024: Bernstein analyst