Autos
- BusinessReuters
Nissan unveils four concept cars to fuel China comeback
BEIJING (Reuters) -Nissan Motor unveiled four concept cars for the Chinese market on Thursday as the Japanese carmaker looks to regain lost ground in the world's largest auto market. Nissan introduced two battery EV concept cars and two plug-in hybrids at the Beijing autoshow, highlighting its drive to make vehicles tailored to Chinese consumers, who demand software-loaded, electric-powered cars. The four cars are a joint effort with the automaker's local partner, Dongfeng, and Nissan CEO Mako
1-min read - BusinessReuters
China's BYD seeks to redefine luxury for the EV generation
Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development citing slow sales. The Denza Z9GT is the fruit of BYD founder Wang Chuanfu persisting with the brand after Mercedes-Benz effectively became a sleeping partner in their decade-old 50-50 premium EV venture by cutting its stake to 10%. The car will complement Denza's N7 and N8 S
5-min read - BusinessYahoo Finance
Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
4-min read - BusinessAssociated Press Finance
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline. Excluding one-time items, Ford made 49 cents per share, enough to beat analyst estimates of 43 cents, according to FactSet. Chief Financial Officer John Lawler told reporters Wednesday that Ford will recover sales volume and selection later in the year, positioning the company for strong earnings.
2-min read - BusinessReuters
UPDATE 3-Ford profit beats on commercial sales; EVs still dragging
Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street's expectations, bolstered by a strong performance in its commercial vehicle division and an increase in its hybrid vehicle sales. Ford shares rose more than 3% in after-market trading on the news. In the near term, hybrids are a top priority for Ford to ease customers into a battery-powered future, and the auto company aims to increase hybrid sales by 40% this year and quadruple them in the coming years.
3-min read - BusinessReuters
Ford profit beats on commercial sales; EVs still dragging
(Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street's expectations, bolstered by a strong performance in its commercial vehicle division and an increase in its hybrid vehicle sales. Ford shares rose more than 3% in after-market trading on the news. Still, Ford is grappling with what CEO Jim Farley called "a huge drag not just on Ford, but on our whole industry": electric vehicle production.
3-min read - NewsAssociated Press Finance
Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot
A Tesla that may have been operating on the company's Autopilot driving system hit and killed a motorcyclist near Seattle, raising questions about whether a recent recall went far enough to ensure Tesla drivers using Autopilot pay attention to the road. After the crash Friday in a suburban area about 15 miles (24 kilometers) northeast of the city, the driver of a 2022 Tesla Model S told a Washington State Patrol trooper that he was using Autopilot and looked at his cellphone while the Tesla was
3-min read
