Automotive industry News & Breaking Stories

Severe storms hit central and southeast U.S., Biden won't supply offensive weapons to Israel, Stormy Daniels testifies in Trump trial.

Tesla disappoints with Q1 2024 results, missing earnings and revenue estimates. Caution on 2024 vehicle growth. Zacks Rank #5 (Strong Sell).

Tesla's first quarter adjusted earnings plunged 48%, but plans for a lower-priced model send shares up 8% in after-market trading.

Asset managers are increasingly concerned about companies with low tax bills, leading to exclusions and shareholder action amid growing risks.

Arm's stock gains more than 25% on strong earnings beat and bullish guidance, outperforming Wall Street expectations.

"Ferrari's Revs Up After Signing Lewis Hamilton and Impressive Earnings Report, RACE Stock Surges with Ambitious Growth Targets"

Tesla's CEO Elon Musk discussed investor concerns about profitability, AI, humanoid robots, and Cybertruck deliveries in the fourth-quarter earnings call.

Tesla reports lower-than-expected earnings, missing estimates by 5.33%. Despite this, the stock is expected to outperform the market in the near future.

Michigan's Unemployment Insurance Agency (UIA) gave millions to ineligible people, leaving others without benefits. Audit found $250M improperly disbursed.

Tesla engineer injured by robot at Giga, Tex. factory sparks concerns and allegations of underreported incidents and safety issues.

Toyota recalls 1.12 million vehicles worldwide over air bag issue. 1 million vehicles in the US affected. Owners to be notified in February.

US Commerce Dept to survey semiconductor supply chain in January 2024, as part of national security move amid growing China concerns.

Hyundai sponsors Operation Frodo 1650 to transport shelter dogs to their forever homes, partnering with journalist Nik Miles and Animal Rescue Rigs.

India's MSME sector is evolving into a more equitable and empowering space for women, thanks to the UDAY-PRIDE project.

Barcelona Occasion Show closes 41st edition with over 1,000 cars sold, signaling recovery for the automotive sector. Don't miss out!

Ford has reached a tentative agreement with the United Automobile Workers (UAW) that includes a 25% wage increase and improved retirement benefits. The deal could influence future contracts with other automakers and potentially lead to increased costs. It is seen as a potential deterrent against labor unrest during Ford's transition to electric vehicles. Non-union automakers may face pressure to increase wages in response to Ford's move. The ability to produce innovative electric vehicles will be key in maintaining market position.

Tesla's stock drops after disappointing Q3 earnings, but temporary factors are impacting its bottom line. However, its dominant position and competitive advantages could lead to higher stock prices in the future.

Tesla's Q3 production and delivery numbers were lower than expected due to planned factory upgrades. The company's profit margins also fell, leading to concerns about its high valuation. Tesla's stock price may decrease in the future.

Audi is offering up to $20,000 off its high-performance RS e-tron GT to compete with Tesla's Model S Plaid.

North Dakota Gov. Doug Burgum criticized the recent Republican presidential primary debate for excessive crosstalk and lack of control.

General Motors (GM) has increased its contract offer to a 20% wage hike for US autoworkers in a bid to avoid a strike. Ford Motor has also confirmed it offered a 20% hike and other benefits. The United Auto Workers (UAW) is demanding 40% raises and major improvements in benefits. The UAW has outlined plans for a series of strikes targeting individual auto plants if agreements are not reached. The UAW is asking for 40% raises and major improvements in benefits. A full strike would hit earnings at each affected automaker by about $400 million to $500 million per week.

Jil McIntosh, a professional writer for over 35 years, is a renowned automotive journalist with a passion for old cars. She has received numerous awards for her work.