Automobile Stocks

Ford Motor Co (F) sells its Rivian (RIVN) shares worth US$214 mn

 Ford Motor Co (F) sells its Rivian (RIVN) shares worth US$214 mn

Highlights US car giant Ford Motor Company (Nasdaq: F) sold shares of EV maker Rivian worth US$214 million. Ford is still the fourth-largest shareholder in Rivian, with 94 million shares. Rowe Price Associates Inc. is the largest shareholder i...

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LCID stock rises on Lucid Air delivery, HYZN shares tank after charges

LCID stock rises on Lucid Air delivery, HYZN shares tank after charges

Highlights Lucid Group Inc (Nasdaq: LCID) stocks jumped 10.18% on Sep 29 after it announced the launch of a sedan car. The company will start delivery of Lucid Air sedan cars from next month. Hyzon Motors Inc. (NASDAQ: HYZN) stocks crashed a...

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Ford (F), Toyota (TM) stocks in focus after positive business update

Ford (F), Toyota (TM) stocks in focus after positive business update

Highlights Ford Motor Company (NYSE: F) and its Korean battery partner SK Innovation to invest US$11.4 billion to build a mega assembly plant and three battery factories in the US. It is the single largest manufacturing investment in Ford&rsquo...

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Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?

Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?

Highlights Tesla Inc (Nasdaq: TSLA) stocks soared on Monday after the company launched a software update of its FSD beta last week. The FSD beta will enable drivers to navigate across the complex environment of cities using the new auto-steer ...

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Eight hot stocks to consider in a booming EV market

Eight hot stocks to consider in a booming EV market

Highlights Tesla, Inc. (NASDAQ: TSLA) has a P/E ratio of 368.88. The stock closed at US$680.26 on Aug 20. NIO Inc. (NYSE: NIO) delivered 21,896 in Q2, 2021. The stock closed at US$36.92 on Aug 20, 2021. General Motors (NYSE: GM) has a P/E rati...

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Uber, Lyft stocks in focus after court strikes down California ruling

Uber, Lyft stocks in focus after court strikes down California ruling

Stocks of Uber Technologies, Inc. (NYSE: UBER) and Lyft, Inc. (NASDAQ: LYFT) were in focus on Monday after a California judge ruled that Proposition 22, a ballot measure that rejects drivers' right to be accepted as workers, is unconstitutiona...

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Six auto stocks to explore as the industry heralds a green era

Six auto stocks to explore as the industry heralds a green era

Highlights Ferrari’s (NYSE: RACE) net income in Q2, 2021, was US$205.8 million against US$8.9 million in Q2, 2020. Ford Motor Company’s (NYSE: F) total revenue in Q2 was US$26.7 billion against US$19.3 billion in Q2 the previous yea...

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Can these 5 green EV stocks be the blue chips of future? 

Can these 5 green EV stocks be the blue chips of future? 

The electric vehicle market has been in high spirits since President Joe Biden signed an executive order last week to boost EV sales by at least half of all new cars sold in the US by 2030. Following the order, stocks of electric vehicle makers and...

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Why did Kaixin Auto (KXIN), Carvana (CVNA) stocks rally on Friday?

Why did Kaixin Auto (KXIN), Carvana (CVNA) stocks rally on Friday?

Summary Kaixin Auto popped more than 50 percent, while Carvana rose 3 percent on Friday. Chinese car dealer Kaixin will establish a new business unit for electric vehicles. Carvana swung to profit in the second quarter as revenue almost triple...

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Which are the popular auto stocks to explore in August?

Which are the popular auto stocks to explore in August?

Summary The auto industry is recovering at a faster pace from the impact of the pandemic last year. However, the automakers are now grappling with the shortage of semiconductors. Electric vehicle maker Tesla is the largest automaker in market ...

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Earnings Alert: General Motors (GM), Honda Motor (HMC) net income soars

Earnings Alert: General Motors (GM), Honda Motor (HMC) net income soars

Summary General Motors Company (NYSE: GM) reported revenue of US$34.2 billion in Q2, 2021. The Michigan-headquartered company’s net income increased to US$2.8 billion in the period. Honda Motor Company Ltd (NYSE: HMC) net income rose to ...

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