NEWS
Toyota slashes its 2026 EV production plans: Report
2024-09-06
Toyota (TM) is trimming its 2026 electric vehicle production outlook, according to a report by the Nikkei Business Daily. Yahoo Finance senior autos reporter Pras Subramanian joins the Market Domination team to detail Toyota Motor's EV strategy as other auto makers are also scaling back their EV production plans. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
General Motors Co. Appoints Alfred F. Kelly, Jr. as Board of Director
2024-09-06
General Motors Co. announced that Former chairman and CEO of Visa Inc., Alfred F. Kelly, Jr., has joined General Motors Co.'s board of directors. Kelly, 66, was Visa's CEO in 2016 to 2023 and elected...
Toyota plans 30% cut to 2026 global EV output - report
2024-09-06
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NIO Vs. Its Western Peers
2024-09-05
NIO Inc. reported solid Q2 earnings with nearly doubled sales, outperforming peers. Read why IÂ give NIO stock a neutral rating for now.
Why Tesla got 'brownie points' during a rocky week for autos
2024-09-05
It's been a tumultuous week for the auto industry as General Motors (GM) was downgraded by Wolfe Research, Volkswagen (VOW3.DE, VWAGY, VOW.DE, VWAPY) is considering shuttering some of its plants, and Tesla (TSLA) announced plans to release its Full Self-Driving technology in China and Europe in the first quarter of 2025. Autoblog editor-in-chief Greg Migliore joins Catalysts to break down some of the headlines and how some of the biggest names in the industry are performing: "It's a really interesting week for Tesla. We saw some pretty big market movement Tuesday and Wednesday, and it seemed like they almost got credit for not doing anything. Kind of weird, like as we saw with General Motors, that the Volkswagen potential plant closures. I think investors and some many consumers remain confident in just the idea of Tesla, the brand of Tesla. I think, for many people, they are the default EV maker. They're the first point of consideration when you're considering an EV. So I think they almost just kind of got some like brownie points simply by not doing anything wrong." He notes that while Volkswagen is struggling, it is not "in as rough a shape as General Motors and Chrysler were back in [2009]." Migliore believes the company is currently "stretched out pretty thin" and that it is likely dealing with overcapacity. He adds that Volkswagen hasn't closed a factory since 1988, so the news of it considering the move is "surprising." While the company weighs shuttering factories, Migliore believes layoffs are unlikely. Stellantis (STLA) announced that it is scaling back the production of its Jeep Wrangler and Grand Cherokee. Migliore explains that Jeep sales are down 9% this year despite the brand being a "cash cow" and a catalyst for Stellantis over the last 50 years. "It needs a little bit of attention. It needs a little bit of TLC. Wrangler sales are down, Gladiator sales are down... So the Jeep brand needs to put up some good numbers," he adds. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
GM downgraded to Peer Perform by Wolfe Research. Here's why
2024-09-05
Wolfe Research downgraded General Motors (GM) stock to Peer Perform from Outperform on the automaker's 2025 outlook. The Morning Brief's Brad Smith and Madison Mills break down Wolfe Research analyst Emmanuel Rosner's note on GM. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Jeep Hits The Brakes On Wrangler And Grand Cherokee Production Due To Sluggish Sales, Rising Inventory: Report
2024-09-05
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10 Consumer Discretionary Stocks Whale Activity In Today's Session
2024-09-05
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Verizon making $20B fiber buy, Topgolf and Fortive splitting up: Morning Buzz
2024-09-05
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Market Chatter: General Motors to Start Production of Hybrid-Flex Vehicles in Brazil
2024-09-05
Market Chatter: General Motors to Start Production of Hybrid-Flex Vehicles in Brazil