Tesla reported record production and deliveries for the fourth quarter. It failed Wall Street’s expectations due to slower demand. Tesla’s fourth-quarter deliveries fell approximately 34,000 vehicles short of production. Tesla Inc (TSLA.O) reported record production and deliveries of electric vehicles for the fourth quarter on Monday, but it failed Wall Street’s expectations due to logistics … Read more
The CEOs of General Motors, Ford, Stellantis, and Toyota North America have urged Congress to remove a sales cap on the federal government’s $7,500 electric vehicle tax credit. The CEOs argue that credit is crucial for vehicle affordability in the face of rising manufacturing and commodity costs. To date, GM and Tesla are the only … Read more
BENGALURU: Tata Motors Ltd announced on Monday that its electric mobility unit has agreed to buy Ford Motor Company’s Sanand vehicle production site in Gujarat. Last year, the American automaker halted production in India, where it had a less than 2% market share and had failed to generate a profit for more than two decades. … Read more
Commodity costs have been a headwind for Ford Motor, according to CEO Jim Farley, who told CNBC’s Jim Cramer on Wednesday that the business has been able to counterbalance them through its pricing strategy. “The commodity pressure, the premium freight we’re seeing, I mean it’s really real. … The good thing is, our pricing has … Read more
