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Autos

Uber reports better-than-expected earnings and revenue for second quarter

Uber reports better-than-expected earnings and revenue for second quarter

Uber on Tuesday reported second-quarter earnings results that topped Wall Street estimates. The stock rose about 4% in premarket trading. Here’s how the company did for the period ending June 30, compared with what Wall Street was expecting based on a survey of analysts by LSEG: Earnings per share: 47 cents vs. 31 cents expected Revenue:  […]

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Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice

Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice

2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s

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Carvana beats Wall Street’s second-quarter expectations, guides toward record year

Carvana beats Wall Street’s second-quarter expectations, guides toward record year

In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California.  Justin Sullivan | Getty Images Shares of Carvana jumped as much as 12% during after-hours trading Wednesday as the company topped Wall Street’s expectations for the second quarter and disclosed

Carvana beats Wall Street’s second-quarter expectations, guides toward record year Read More »

UAW union endorses Vice President Kamala Harris for president over Trump

UAW union endorses Vice President Kamala Harris for president over Trump

U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024. Andrew Harnik | Getty Images The United Auto Workers on Wednesday endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement

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Ford reveals 2025 Maverick pickup with new technologies, hybrid options

Ford reveals 2025 Maverick pickup with new technologies, hybrid options

DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle. Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen; an all-wheel-drive hybrid option; and connectivity features such as a 5G modem and wireless Apple CarPlay

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Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs

Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China’s Zhejiang province on May 14, 2024.  – | Afp | Getty Images DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as

Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs Read More »

Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI

Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI

BEIJING, CHINA – JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty Images Self-driving

Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI Read More »

Ford, GM, Stellantis face a daunting second half of 2024

Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings

A Ford Bronco on display at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early

Ford shares, on pace for worst day since 2009, lead autos rout after disappointing earnings Read More »

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