G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking
The automaker reaffirmed its forecast for earnings for the full year.
Ford increases its battery supply to meet its electric-vehicle goals.
The automaker said it had reached deals to acquire more battery packs in its push to produce 600,000 electric vehicles a year by the end of 2023.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Ford recalls 2.9 million vehicles over a flaw in securing the gear shift in park.
Regulators said 1 percent of the vehicles recalled could have the defect. The products affected include 1.7 million Escape S.U.V.s.
Auto Safety Agency Expands Tesla Investigation
NHTSA will take a broad look at whether the electric carmaker’s driver-assistance system can increase the risk of crashes.
Stellantis and Samsung to spend $2.5 billion on an electric vehicle battery plant in Indiana.
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.
GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.
G.M.’s Profits Fell 3% in the First Quarter
The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
Ford Has Made 2,000 Electric F-150 Lightning Trucks, It Says
Deliveries of the F-150 Lightning, Ford’s most important new vehicle in many years, will begin in the coming week, it said.
Jim Farley Tries to Reinvent Ford and Catch Up to Elon Musk and Tesla
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
Toyota’s U.S. Sales Fell 15% in the First Quarter Amid a Chip Shortage
The company struggled to produce vehicles in the first three months of the year, a sign that shortages could last longer than executives had hoped.
Stellantis, maker of Chryslers and Jeeps, and LG will spend $4 billion on a new battery factory in Ontario.
The automaker, which was created by the merger of Fiat Chrysler and Peugeot, has lagged in the fast-growing market for electric cars.
Cadillac Lyriq Starts Production, Expanding G.M.’s Electric Lineup
The sport utility vehicle, made in Tennessee, is one of more than 20 E.V. models that General Motors plans to roll out in the U.S. within three years.
Cadillac Lyriq Starts Production, Expanding G.M.’s Electric Lineup
The sport utility vehicle, made in Tennessee, is one of more than 20 E.V. models that General Motors plans to roll out in the U.S. within three years.
Ford Splits Into Electric and Gas Divisions to Speed Up Transition
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
Ford Splits Into Electric and Gas Divisions to Speed Up Transition
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
Stellantis Reports Big Profit Even as Chip Shortage Cut Output
The automaker, which owns Jeep, Ram and Fiat, said its profit more than doubled, thanks to higher prices and cost-cutting measures that outweighed interruptions caused by the semiconductor shortage.
Regulators Investigate Tesla Over Reports of ‘Phantom Braking’
Some drivers have complained that cars using the company’s Autopilot system have been slowing down suddenly even when there are no hazards ahead.
Tesla Faces New Scrutiny Over Racial Bias and Elon Musk’s Tweets
The electric carmaker disclosed the new legal issues in its annual report to securities regulators, which was made public on Monday.
Ford earned $17.9 billion in 2021, bolstered by a large gain on its Rivian stake.
Ford ended the year with more revenue than General Motors for the second year in a row.