GM Has a New Business: Fixing Tesla EVs.

General Motors said something surprising at its investor day in New York City on Thursday. Fixing Teslas is a growing business for the 114 year-old auto maker. That’s right. GM (ticker: GM) dealers are fixing Teslas. Since 2021, GM dealers have fixed more than 11,000 electric vehicles from Tesla (TSLA), according to GM President Mark … Read more

Ford Offers Choice of Severance or Performance Improvement to White-Collar Employees Deemed Underperformers

WSJ News Exclusive Autos Industry In internal email, Ford tells managers that certain staffers may take severance, rather than enroll in performance enhancement plan

Ford Stock Is Falling. It Trimmed Guidance, Wrote Off Self-Driving Investment.

Ford Motor earnings met reduced expectations, but guidance was trimmed just a little. It was enough, though, to send Ford stock lower in after-hours trading Wednesday. Ford (ticker: F) reported a third-quarter operating profit of $1.8 billion from $$39.4 billion in sales.

Mobileye Shares Open Higher In Stock-Market Debut

Mobileye Shares Open Higher In Stock-Market Debut

Rivian Recalling Nearly All of Its Vehicles

Rivian Automotive is recalling nearly all of its vehicles to address a potential problem that could cause customers to lose steering control, the company said Friday. The electric truck and SUV maker said the recall was made after it discovered a fastener connecting the upper control arm and steering knuckle may have been improperly installed. … Read more

Hedge fund Millennium’s €126m Porsche short signals bearish bet on IPO

Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, hedge fund Millennium International Management has built a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on 14 September. A rough estimate based on current market capitalisation would … Read more

There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stock futures are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, +1.17% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. … Read more

Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and … Read more

Ford Warns Parts Shortages Will Lead to Higher-Than-Planned Number of Unfinished Vehicles

Ford Motor Co. said Monday that shortages of certain parts will result in a higher-than-planned number of unfinished vehicles in its inventory. “Vehicles on wheels” have been built but are still in need of some parts, the company said. Ford said it expected to have about 40,000 to 45,000 such vehicles in inventory at end … Read more

Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears

BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday. VW, Europe’s biggest auto maker by sales, said the companies’ boards … Read more