G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking
The automaker reaffirmed its forecast for earnings for the full year.
Tesla will spend more to increase production at two new factories.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
Tesla Profit Falls in Second Quarter
The world’s largest maker of electric cars struggled with production problems in China.
Electric Car Sales Climb Sharply Despite Shortages
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Tesla Sales Slow as the Pandemic Hobbles Production
The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main reason was factory shutdowns in China.
Rivian affirms its 2022 E.V. production goal despite supply problems.
The electric-vehicle maker’s stock has fallen sharply after its initial public offering last year gave it a huge market value.
Lucid Motors sticks to its production target despite a slow quarter.
The Tesla challenger said it continued to have problems finding needed parts.
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.
Tesla’s Profits Jumped in the First Quarter but Challenges Loom
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.