Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
DETROIT -- Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.'s profits this year, causing...
Electric vehicles
Volkswagen’s employee council says automaker plans to close at least 3 German plants
BERLIN -- Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head...
Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago
DETROIT -- Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose...
Miners are razing forests to meet surging demand for metals and minerals, report says
JAKARTA, Indonesia -- Whether it's digging for metals and minerals for cellphones and electric vehicles or coal for power generation,...
GM reports a $3 billion quarterly profit despite US sales drop, China losses and its stock surges
DETROIT -- Shares of General Motors jumped more than 10% Tuesday after the automaker posted a third-quarter profit of $3...
The world will be fueled by electricity but even more clean energy is needed, report says
The world is set to make abundant energy by the second half of the decade as the production of batteries...
Biden administration announces $750 million investment in North Carolina chipmaker Wolfspeed
The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to semiconductor developer and manufacturer...
Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
WASHINGTON -- The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with...
Biden admin to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips
WASHINGTON -- The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with...
Stellantis CEO says company is on pace to fix sales problems after poor performance this year
DETROIT -- Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this...
