Ford Said Sales in January Increased 2%
The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs
Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
Ford Follows Tesla in Cutting Electric Vehicle Prices
The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged
The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.
Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos
Automakers have been hampered by the supply of semiconductors and higher interest rates.
Rivian Lost $1.7 Billion in the Third Quarter
The electric truck maker said it had enough cash to fund its operations through 2025.
Lucid Said It Will Raise Up to $1.5 Billion in Capital
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
Ford Lost Money in the Third Quarter as Costs Surged
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
GM Reports Increased Profits in Third Quarter Amid High Inflation
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
G.M. Reports Jump in Profit on Strong Sales
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
Tesla’s Profit Jumped in Third Quarter on Strong Sales
The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
G.M. Reports 24% Increase in Auto Sales for Quarter
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.
Tesla Sold 343,000 Vehicles in Third Quarter, an Increase
The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.
Toyota adds $2.5 billion to its investment in a North Carolina battery plant.
The plan is part of a global push by the automaker to develop and produce electric vehicles.
Honda and LG will jointly build a U.S. battery plant.
The announcement comes as the auto industry ramps up its efforts to switch to electric vehicles.
California E.V. Mandate Finds a Receptive Auto Industry
The move to phase out gasoline-powered cars, with other states expected to follow, matches automakers’ plans. The challenge will be making it happen.
Ford to Cut 3,000 Jobs to Reduce Costs in Transition to Electric Vehicles
The automaker said the move was needed to be competitive and reallocate resources.
Rivian Lost $1.7 Billion in the Second Quarter
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
Ford Raises Prices of F-150 Lightning Electric Truck
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.