Ford sold 91 million shares of EV startup Rivian last year
Ford liquidated most of its ownership stake last year in EV maker Rivian Automotive. Source link
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Detroit
Biden administration expands EV tax credits in boost for Tesla, Cadillac, others
The EV tax credit change follows Tesla CEO Elon Musk publicly criticizing the former standards as well as GM and
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
The auto industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.
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GM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
GM is expected to continue with its plans to build the plant but is searching for another partner, according to
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10 auto industry predictions for investors to keep an eye on this year
Cox Automotive's predictions for the U.S. auto industry point to a challenging year ahead. Source link
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Used vehicle prices are falling but not enough to offset grossly inflated levels
Cox Automotive expects wholesale used vehicle prices to end the year down 4.3% from December 2022. Source link
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Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
Automakers are hoping last year's new vehicle sales — the worst in more than a decade will mark a bottom
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Ford pickup truck sales in December help narrow overall sales decline in 2022
Ford reported sales of more than 1.9 million vehicles in 2022, including an increase of 3.2% during the final month
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Ford again hikes the starting price of the F-150 Lightning pickup, now up 40% since launch
A new price increase of $4,000 means Ford has upped the entry-level pricing of the F-150 Lightning electric pickup by
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