4 articles tagged
General Motors raised its profit forecast for the year, leading to a nearly 10% stock surge, after scaling back its near-term electric vehicle production plans.
Ford's stock rose over 2% as CEO Jim Farley marked five years at the helm, focusing on capital efficiency and quality amid a cautious 'Hold' rating from analysts.
Chinese EV maker BYD confirms plans for a third European factory as part of a strategy to localize all production for the continent within three years.
Tesla is navigating declining sales and profit margins by focusing on a long-term strategy of scaled production to lower vehicle costs and building recurring revenue.
