Ford Touts ‘Strategic Progress’ But Stock Falls 9%
Investors eager to see returns from Ford's $11 billion global restructuring plan were disappointed by its Q4 and full-year results.
Tesla Hits $420 to Complete Wall Street ‘U-Turn’
Reaching $420 a share “is about the most significant milestone for [Elon Musk's] investor credibility in the last several years."
Fiat Chrysler, Peugeot to Create No. 4 Automaker
The companies see the $48 billion deal as a move to "capture the opportunities and manage effectively the challenges of the new era in mobility.”
Tesla Shares Jump 20% on Surprise Q3 Profit
The car maker said it removed substantial costs from its business during the quarter and delivered a record number of vehicles.
GM’s Pickups, Cost-Cutting Drive Profit Increase
“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
Tesla Stock Dives on ‘Demoralizing’ Q2 Results
Despite record deliveries, the company posted a larger-than-expected loss as rising costs weighed on profitability.
Tesla to Raise $2B in Return to Public Markets
Stock and convertible debt offerings will boost Tesla's cash position as it faces expensive challenges, including developing new models.
GM Posts Earnings Beat, Market Share Slips
The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
Pricey Pickups Power GM Earnings in Q4
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.
Tesla CFO Ahuja’s Retirement Stuns Wall St
Deepak Ahuja's departure overshadowed Tesla's Q4 results, with one analyst calling it a “significant loss of institutional knowledge.”
Ford Profit Hit by Losses in Overseas Markets
“It was not a year we were happy with and the fourth quarter continued that theme," CFO Bob Shanks said.