Industry
Tesla stock jumps on EV charging tie-up with GM
Tesla shares jumped on expectations that its charging system would become an industry standard after GM agreed to use the Tesla Supercharger network.
EV maker Lordstown plans to sue Foxconn over funding dispute
Lordstown Motors plans to take legal action against investor Foxconn to ensure it completes a planned purchase of nearly 10% of the EV startup's shares.
Some 85% of Toyota shareholders vote to re-elect Toyoda at annual meet
Analysts suggest it points more to governance issues than profitability, which is up.
Ford, GM see strong U.S. consumer demand for vehicles
New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday.
EV startups set to extend blistering rally
EV startups from Nikola to Lordstown Motors are set to extend a stock rally that has put the cash-strapped companies on track for hefty gains.
VinFast's losses widen ahead of U.S. IPO push
VinFast’s net loss widened to 14.1 trillion dong ($599 million) in the first quarter ahead of a bid by the Vietnamese EV maker to go public in the U.S.
Average used car loans are now much more than the vehicles are worth
A new study from J.D. Power and TransUnion found that average loan amounts are growing while vehicle values are not.
