Stellantis, the parent company of Chrysler, Jeep, and Ram, announced plans to introduce nine new vehicle models priced under $40,000 by 2030, including several starting below $30,000. This move aims to capture budget-conscious customers amid rising inflation and high average vehicle prices, which have reached $50,000 in the US. The company plans to expand its US market share by 50% and cut costs by $3.5 billion by 2028, with new models including compact trucks, crossovers, and performance vehicles across its brands. This strategic shift follows a period of underinvestment and aims to revive legacy brands while adapting to changing consumer preferences.
Ford's shares reached their highest closing price since July 2023, rising over 9% in a single day and marking a four-day winning streak. The stock's surge is driven by investor optimism about potential future partnerships involving artificial intelli...
Ford Motor Company shares rose 8% on strong Q1 2026 results, including higher earnings and revenue, and raised full-year profit guidance. The company’s growth is driven by its Ford Pro software subscriptions and new ventures like Ford Energy, which i...
Over 4,500 workers at 27 community organizations in Ontario, represented by OPSEU/SEFPO, are set to strike starting May 25 due to chronic underfunding and unpaid retroactive wages linked to Bill 124. The workers demand the Ford government increase fu...
Tesla's stock is down over 10% YTD with high valuation metrics and slowing growth, relying on future promises like robotaxis for upside. In contrast, legacy automakers General Motors, Ford, and Stellantis show strong cash flow, earnings beats, divide...
Tesla's stock is down 7% this year as its core electric vehicle (EV) sales remain flat globally, with declines in key markets like the EU and stiff competition in China. Elon Musk's AI ambitions, including costly projects like Robotaxi and Optimus ro...
