Autos

Volkswagen posted record first-half earnings on Thursday while also raising its target for profit margin.

The company on Wednesday said about 75% of the reservation holders are new to Ford.

Ford Motor reported earnings after the bell. Here are the results.

Ford’s move follow General Motors last week reinstating a mask mandate at a plant in Missouri due to an increase in cases in the area.

Tesla is shuttering a number of its showrooms in high-end shopping malls, according to a report from Electrek.

Makoto Uchida, the CEO of Nissan, said that the global chip shortage needs to be closely monitored as supply issues are yet to be fully resolved.

Elon Musk’s electric vehicle company beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time.

Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings on Monday.

Steve Ricchetti’s brother Jeff lobbied the National Security Council on behalf of General Motors in the second quarter.

Consumers have reported losing more than $500 million to Covid-related fraud since the beginning of 2020, according to the Federal Trade Commission.

Lucid Motors expects to deliver its first electric vehicle, the Lucid Air, in the second half of this year.

GM said officials with the automaker and LG Energy Solution, which supplies the battery cells, have identified a second “rare manufacturing defect” in the EVs.

Following years of turmoil, Faraday Future has new life – and $1 billion in fresh capital – as it begins trading on the Nasdaq following a SPAC deal.

A host of automotive companies have announced plans to expand their offering of low and zero-emission vehicles.

Musk also expressed his support for cryptocurrency in general, despite environmental concerns related to mining.

Musk also acknowledged that Tesla is still not manufacturing its custom-designed 4680 cells for commercial use in electric cars or energy storage systems yet.

GM confirmed production cuts Wednesday for plants in Michigan, Indiana and Mexico that produce the Chevrolet Silverado and GMC Sierra pickups.

Although dealerships aren’t negotiating much on price, there may be ways to capitalize on the current elevated values of used cars.

Self-driving rides with safety drivers will roll out this year in Miami by request and next year in Austin.

Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking firm called MoonX, as it looks to commercialize self-driving tech.