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Yahoo FinanceAdvance Auto Parts tanks 35% after slashing guidance and dividend
Advance Auto Parts plunged 35% after cutting the company cut its dividend and slashed its full year guidance.
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Tesla Cybertruck could be as mainstream as the Model Y: ARK Invest
Cathie Wood’s ARK Invest is out with another bullish call on Tesla, specifically its upcoming Cybertruck pickup.
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Tesla Model Y was the best-selling car worldwide in the first quarter
According to a new report, Tesla scored a huge milestone on its path to ramping up global EV adoption — though the electric vehicle maker may have paid a big price for it.
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Why Lamborghini's Huracán Sterrato is the wildest supercar on the road today
Yahoo Finance's Pras Subramanian tests the Lamborghini Huracán Sterrato both on, and off-road in the California desert.
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New car sales to surge 15.6% in May with higher prices still in play, report says
Auto research firm J.D. Power is projecting a huge bump in new car sales for May, which appears to be good news for automakers, but also shows higher prices are still in play for consumers.
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XPeng reports 45% sales drop in Q1, forecasts EV deliveries to fall in Q2
Chinese pure-play electric vehicle maker XPeng reported a steep drop in sales in the first quarter, likely due to increased competition in the tight Chinese EV market and an uneven recovery in the China following its lifting of COVID-19 protocols.
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Elon Musk worries about an advanced AI that 'eliminates or constrains humanity's growth'
Tesla CEO Elon Musk weighed in on the dangers of artificial intelligence (again) today, with a dire warning. Speaking at the Wall Street Journal’s CEO Summit, Musk said, “There is a risk that advanced AI either eliminates or constrains humanity's growth.”
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Ford's CFO: The 'secret formula' to making profitable EVs — and more
At its Capital Markets Day this week, Ford’s (F) goal was for investors to hear the story of the new Ford: why it’s now positioned to be valued as a high-growth industrial company—not a low-margin auto business. Ford CEO Jim Farley made his case to Yahoo Finance, contending the company will leverage high-margin vehicles in its traditional gas powered business, rely more on its resilient Ford Pro commercial business, and switch to more cost-efficient gen-2 electric vehicles in the coming years.
- Yahoo Finance
Ford no longer stuck in ‘valuation box,’ 2nd-gen EVs will unlock profitability, CEO says
Ford’s transformation into three business units focused on gas-powered cars, electric vehicles, and commercial customers is less than two quarters old. And investors still have a lot of questions for the 120-year old automaker - and how CEO Jim Farley intends to push profitability.
- Yahoo Finance
Toyota overhauls best-selling Tacoma pickup as competition ramps up
The Toyota Tacoma, the mid-size pickup king here in the US, is getting a total redesign and will be all new for the 2024 model year. The current-gen Tacoma, which has been out since 2015 and very similar to its predecessor that debuted in 2003, is nearly 20 years old - an astoundingly long period in an automotive world where cars and trucks are generally given a 7-year lifecycle. The fact that the Tacoma was so popular for so long is a testament to its strength in the segment.
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GM's new Silverado EV work truck will have industry-best 450-mile range, company says
General Motors is throwing down the gauntlet in the burgeoning EV pickup wars, with a range-topping figure for its new model for fleet customers.
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Tesla would be 'lucky' to keep Cybertruck price at $75,000, MotorTrend CEO says
New data from enthusiast motor magazine, TV network, and car shopping site MotorTrend finds that electric vehicles are hot on their users’ buying lists. And one upcoming EV pickup truck could be the most polarizing.
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Used-car market in ‘uncharted territory’ as high prices remain sticky, Edmunds says
With spring car buying season in full swing, those looking for a deal in the used car market are likely not going to find one. According to a new report titled “Used Market Enters Uncharted Territory Post-Pandemic” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago.
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Rolex dealer: Lean times may be ahead for luxury watch retailers
One of the top luxury watch dealers in the world says it sees a softening of sales, signaling even new watch dealers might be facing leaner times. Watches of Switzerland group saw its shares drop over 10% today as the company warned supply challenges would impact sales following its fiscal Q4 earnings release.
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Tesla shareholder meeting: Straubel elected to board; Musk reiterates 'production Cybertrucks' coming this year
Tesla held its annual shareholder meeting after the bell on Tuesday, with the company dealing with a variety of items like board composition, shareholder votes on various measures, long-term planning and the return of a former Tesla exec as a new board member.
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Tesla Model 3 refresh reportedly near trial production in China
New reporting today suggests Tesla’s long-awaited Model 3 refresh is almost here, at least in China.
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NHTSA demands the recall of 67M potentially deadly airbag inflators; company disagrees
The National Highway Traffic Safety Administration (NHTSA) is demanding that a manufacturer of an airbag component recall 67 million defective units due to a safety defect, but the manufacturer disagrees with the conclusion, and isn’t proceeding with the recall.
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A monthly fee for heated seats? Car subscriptions are coming — whether Americans like them or not
Americans are more than willing to pay for add-on features for apps and monthly subscriptions like Netflix. But monthly fees are now coming to their cars.
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Ford debuts new Ranger pickup, 1st-ever Raptor edition for North America
Ford is giving the all-new Ranger pickup more performance, tech niceties, and a new Raptor version to do battle in the competitive mid-size pickup field.
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Nikola: Customers prefer hydrogen fuel cell trucks and we have 'first-mover' advantage
Electric and hydrogen-fuel cell powered truckmaker Nikola is hoping a re-focusing will be good for business.
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