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Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal

Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal

Business News

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, […]

Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal Read More »

Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses

Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses

Business News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of

Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses Read More »

Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

Business News

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with

Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations Read More »

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids

Business News

A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022. Phil Noble | Reuters Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into plug-in hybrid electric vehicles until at least 2035. The

Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids Read More »

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump

Business News

Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has

Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump Read More »

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

Business News

e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales.  Shares of the company rose nearly 10% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain Read More »

Lucid slightly tops Wall Street’s third-quarter expectations amid widening losses

Foreign automaker stocks slide on Trump tariff fears

Business News

Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024.  Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will

Foreign automaker stocks slide on Trump tariff fears Read More »

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