Earnings/Financials

Toyota fined $60 million for illegally bundling high-cost protection products

Scheme prevented borrowers from canceling, says the Consumer Financial Protection Bureau

EV charging company ChargePoint plunges as sales sag, executives replaced

Quarterly revenue drops from a year ago, misses guidance

Will car prices drop in 2024? Here’s what an auto expert predicts

And December's around the corner, usually a good month to get a great deal

Aston Martin F1 team gets a new investor

Private equity firm reportedly pegs the team's worth at $1.2 billion

Warren Buffett's Berkshire ditches GM along with some other big names

Drops Johnson & Johnson, Proctor & Gamble, too — but invests in the Atlanta Braves

Stellantis offers buyout, early retirement packages to 6,400 U.S. nonunion workers

The automaker has about 12,700 U.S. salaried workers who are not union members

Polestar trims EV delivery forecast in 'a more challenging market environment'

Company seeks premium rather than mass market and doesn't plan price cuts

ExxonMobil passed Tesla as the most shorted stock last month

10 companies investors are betting against the most

Renault keeps 15% stake in Nissan, transfers majority of shares to French trust

The two automakers have equalized their cross-shareholdings

Rivian beats quarterly revenue estimate; Lucid cuts production forecast

Plans to sell its delivery van to customers beyond Amazon

Tesla’s slowing growth puts 'Big Seven' status under a spotlight

Lower earnings and generally slower EV demand raise concerns

BMW says 'no interest' in price war as order books bulge

While supply chains have eased, BMW says there's no pressure to drop prices

Volvo Cars' sales of fully electric vehicles jump in October

EV sales slowdowns? Not so fast

UAW deals will raise costs for Detroit. Will they be able to raise prices?

'I don’t think consumers will necessarily readily absorb all the price increases'

Stellantis expects strike to cost it $795 million in third-quarter profits

That's less costly than the hit taken by Ford and GM

Ford shares fall after pulling full-year forecast, wider EV losses

The company has withdrawn is 2023 forecast

Ford withdraws its 2023 forecast, warns of higher losses on EVs

It needs to 'find the balance between price, margin and EV demand'

Volvo Cars' promise of EV boom falls on deaf ears as shares drop 12%

Unlike Mercedes, Volvo sees its EV profit margins going up, not down

Mercedes says 'brutal' EV market will hurt its car sales margins

Stock shares take a dive to their lowest point in a year

Hyundai sticks to EV rollout plans, sees solid growth this year

EV sales are growing strongly but not as much as carmakers had forecast