Earnings/Financials

Stellantis expects strike to cost it $795 million in third-quarter profits

That's less costly than the hit taken by Ford and GM

Ford shares fall after pulling full-year forecast, wider EV losses

The company has withdrawn is 2023 forecast

Ford withdraws its 2023 forecast, warns of higher losses on EVs

It needs to 'find the balance between price, margin and EV demand'

Volvo Cars' promise of EV boom falls on deaf ears as shares drop 12%

Unlike Mercedes, Volvo sees its EV profit margins going up, not down

Mercedes says 'brutal' EV market will hurt its car sales margins

Stock shares take a dive to their lowest point in a year

Hyundai sticks to EV rollout plans, sees solid growth this year

EV sales are growing strongly but not as much as carmakers had forecast

Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor

It's the latest attempt by the carmaker to boost its presence in the world’s biggest auto market

GM earnings: Automaker withdraws 2023 guidance as auto strikes take toll

GM did beat on both the top and bottom lines, but said the UAW strike has cost $800 million so far

Tesla's stock had its worst week of 2023, plunging 16% on Elon Musk's earnings-call nightmare

The nightmarish week wiped nearly $130 million off the EV maker's total market capitalization

Tesla 'is increasingly looking like a regular auto company,' says one analyst

Its 'valuation looks increasingly unsustainable,' says another

Elon Musk: 'We dug our own grave with the Cybertruck'

'There will be enormous challenges in reaching volume production with the Cybertruck'

Tesla's net income slumped 44% in Q3 as its price cuts ate into profits

A few Cybertruck deliveries will begin Nov. 30

Volkswagen's Europe and US sales offset China weakness in Q3

China deliveries fell 5.8%

Canadian auto workers, GM reach tentative agreement, ending strike

GM's deal followed Ford's; the union expects Stellantis to do the same

Underwater trade-ins are costing new car buyers almost $6,000

Values are tumbling but the payments stay the same

China's EV sector is hemorrhaging cash — but government subsidies keep the lights on

One company loses $35,000 per car

AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

SP Plus manages parking facilities nationwide

Ford's third-quarter U.S. sales rise on pickup, crossover SUV demand

U.S. Q3 sales across automakers totaled 1.33 million vehicles

UAW President Fain says Tesla workers are 'scraping to get by'

'So that 'greedy people like Elon Musk can build more rocket ships'

Musk denies rumors of Tesla factory in Saudi Arabia

Funding has clearly not been secured this time around