The US Senate Commerce Committee advanced legislation that would ban the sale of connected vehicles in the US by companies with more than 15% Chinese ownership, potentially affecting Mercedes-Benz, which has nearly 20% Chinese investor stakes. The bill aims to prevent data collected by these vehicles from being transmitted to the Chinese government, citing national security concerns. While some senators support the measure to protect American industry, others warn it could shut Mercedes-Benz out of the US market and accuse rivals like GM of influencing the bill. The legislation includes a process for exemptions and still requires full Senate and House approval and presidential signature to become law.
Jefferies has upgraded Ford and General Motors to 'Buy' ratings, citing improving earnings prospects, stronger free cash flow, and progress on operational challenges. Ford's price target was raised to $17.50 ahead of its Q2 earnings, with expectation...
Jefferies upgraded General Motors (GM) stock to Buy with a $99 price target, signaling nearly 20% upside from its current price of $82.64. GM raised its 2026 adjusted EBIT forecast to $14-$16 billion and adjusted EPS to $12-$14, driven by strong Nort...
Jefferies upgraded Ford Motor Company to 'Buy' with a $17.50 price target, suggesting a 22% gain from its current price of $14.35. Ford's attractive 4.24% dividend yield outperforms the S&P 500 average and rivals like General Motors. The company’s st...
An analyst has reaffirmed a Strong Buy rating on General Motors, setting a price target of $104, which implies a 30% upside from the current price of $80. The positive outlook is driven by factors such as the next-generation Silverado and Sierra mode...
