automotive

General Motors Company (NYSE: GM)’s announcement last month that it would contract and reorganize its workforce continues a long trend among automakers. “The shift away from traditional sedans to utility vehicles has been ongoing for several years but has dramatically quickened in the...

Ford Motor Company (NYSE: F) has warned of layoffs in the first half of the coming year, and one analyst speculates that Dearborn's salaried workforce reduction could surpass General Motors Company (NYSE: GM)’s recent slashing of 8,000 salaried jobs, according to The...

General Motors Company (NYSE: GM) is closing five plants in 2019 as part of plans to cut $4.5 billion in costs and lower capital expenditures by $1.5 billion by 2020, the automaker said Monday.  Assembly lines in Oshawa, Ontario; Detroit; and Warren, Ohio, and propulsion plants in White Marsh...

BTIG initiated coverage Tuesday of digital automotive marketplace companies TrueCar, Inc. (NASDAQ: TRUE) and CarGurus Inc (NASDAQ: CARG) with bullish stances.  The Analyst BTIG's Margin Fong initiated coverage of TrueCar with a Buy rating and $13 price target. The analyst also initiated...

Elon Musk has little faith that the Big Three will emerge “big” or even “three” from the next economic downturn. By his calculations, a strong economic headwind could blow Ford Motor Company (NYSE: F) right off track. “Ford and Tesla made it barely through the last...

Nearly all automakers outperformed estimates in October despite economic headwinds. “Many signs in the economy would suggest that vehicle demand should be moderating — higher interest rates, import tariffs, weak housing market, stock market volatility, elevated gas prices —...

Two popular vehicles manufactured by Tesla Inc. (NASDAQ: TSLA) and Honda Motor Co. (NYSE: HMC) were removed from Consumer Reports' recommended list Wednesday.  The publication's annual reliability survey compiles data from more than 500,000 test subjects who specify problems...

More than half of Ford Motor Company (NYSE: F) analysts have Holds on the stock — a fact that startled Jefferies into an upgrade. “Rarely have we seen an OEM generate so little passion,” the firm’s analysts said Tuesday. The Rating Jefferies’ Philippe Houchois and...

The expanding online marketplace for vehicles was assessed in a D.A. Davidson report released Tuesday. The Ratings D.A. Davidson’s Tom White initiated coverage on: CarGurus Inc (NASDAQ: CARG) with a Neutral rating and $41 price target; Cars.com Inc (NYSE: CARS) with a Buy rating and...

Cox Automotive expected last month to have seen 2.6-percent year-over-year and 22-percent sequential pops in auto deliveries. “March is the year’s first month that traditionally delivers high volumes and this March is no exception, with sales expected to increase nearly 300,000 units...