Tag: automotive industry

Ford Motor Co announced on Friday that it is set to resume the production of its F-150 Lightning vehicles on Monday. The company halted production after 18 electric trucks were recalled due to a battery cell manufacturing defect. The automaker stated it is set to...

Sigma Lithium Corp's U.S. shares soared by 21% during extended trading on Friday after it was reported that Tesla is looking to buy out the Canada-based battery metals miner. According to a Bloomberg report, Tesla is in the process of speaking with potential advisors about...

Lyft stocks descended into a 35% freefall on Friday after the release of the company's fourth-quarter financial results. The ridesharing company reported an adjusted loss of 74 cents per share on revenue of $1.2 billion. This falls short of investors' expectations of earnings of...

Carvana stock surged by 6% by the market's close on Wednesday after experiencing an already turbulent week and year. The online car retailer's stock has skyrocketed by over 200% for the year to date. Having been heavily shorted with 67% of its float consisting of...

Mercedes-Benz announced its final sales figures for 2022 on Tuesday. The company revealed that it delivered 2.05 million passenger cars over the course of the year, down 1% from 2021. Aside from the marginal year-on-year decline, the auto manufacturer experienced a strong end to 2022...

Hyundai Motor Co and fellow South Korean company SK On have agreed to invest approximately $2.5 trillion won ($1.88 billion) in the construction of a new joint venture battery factory in the United States. The two parties are expected to sign a memorandum of...