U.S. automaker Ford Motor Co will temporarily suspend production on Friday at its Hermosillo plant in Mexico's Sonora state due to a shortage of materials, the plant's labor union said on Thursday.
Major automakers Ford (NYSE: F) and Honda (NYSE: HMC) both reported their September sales data on the same day, Monday, Oct. 4, and both showed startlingly similar trends. Both naturally showed a big negative effect from the ongoing chip shortage on sales. However, both also high
Geely and Volvo Car's joint Lynk & Co brand, which both sells and rents cars to customers on monthly subscriptions, could be profitable within one or two years, its CEO said on Thursday.
South Africa's biggest engineering union, NUMSA, has rejected a new wage offer as a national strike that has already hit output at car maker BMW enters its second week on Thursday, employer body SEIFSA said.
Investors in Ford Motor Co. (Symbol: F) saw new options begin trading today, for the April 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 183 days until expiration the newly trading contracts repres
It's probably easier to list the industries that haven't been affected by the global computer chip shortage, but the automotive industry has been one of the most high-profile victims.
Asia-Pacific airlines have lost billions of dollars this year, with jets grounded in COVID-19 transportation freezes. Now, as some of the world's strictest pandemic-related travel rules begin to ease, they're ramping up flights and ticket offers.
3 Electric Vehicle Stocks To Keep An Eye On Right NowFor investors looking for good stocks to invest in, electric vehicle (EV) stocks could be a viable play in the stock market now. This would be the case even with the current market conditions. Overall, stocks continue to see-sa
More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.
In afternoon trading on Tuesday, Consumer Products stocks are the best performing sector, higher by 0.7%. Within the sector, VF Corp. (Symbol: VFC) and Ford Motor Co. (Symbol: F) are two of the day's stand-outs, showing a gain of 4.2% and 3.6%, respectively. Among consumer pr
More than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Delta Air Lines Inc (Symbol: DAL), where a total of 57,228 contracts have traded so far, representing approximately 5.7 million underlying shares. That amounts to about
China's auto sales slumped 19.6% in September from a year earlier, industry data showed on Tuesday, falling for a fifth consecutive month as a prolonged global shortage of semiconductors disrupts production.
Ford Motor Company (NYSE: F) said that it sold more vehicles in the U.S. than anyone else in September, despite a nearly 18% decline from a year ago, as the global semiconductor shortage continued to wreak havoc with automakers' production plans around the world.While Ford's Sept
Output at luxury carmaker BMW's main vehicle assembly plant in South Africa has been hit by a wage strike in the engineering sector by the country's biggest metalworkers union, a company spokesperson said on Monday.
Luxury carmaker BMW's main vehicle assembly plant in South Africa has been hit by a wage strike by the country's biggest metalworkers union, a company spokeswoman said on Monday.
Tesla (NASDAQ: TSLA) published a solid set of delivery numbers for Q3 2021 late last week, noting that it had delivered a record 241,300 vehicles for the quarter, a sequential increase of 20% and a year-over-year increase of almost 73%. The impressive numbers indicate that Tesl