Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
Ford raises 2021 profit outlook, eyes shift to build-to-order
Ford Motor Co (F.N) on Wednesday boosted its 2021 profit forecast after reporting better-than-expected quarterly results, lifting the No. 2 U.S. automaker’s shares nearly 3%.
Analysis: Tesla hikes electric car prices in U.S.; holds line in China
Tesla Inc (TSLA.O) showed signs of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there.
EXCLUSIVE Rivian ready to invest $5 billion in second U.S. assembly plant -document
Amazon.com Inc (AMZN.O)-backed Rivian plans to invest $5 billion initially in its second U.S. electric vehicle assembly plant, according to a company document shared with state economic development officials.
Ford to shut some N. American plants for few weeks on chip shortage
Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors.
GM expects to work with the UAW at battery plants – executive
A top executive of General Motors Co (GM.N) on Tuesday expressed strong support for efforts by the United Auto Workers union to organize U.S. electric vehicle battery plants it is building with a partner, but stopped short of endorsing unionization without a formal worker vote.
Volkswagen’s Mexico unit says it will resume production that was hit by chip shortage
Volkswagen AG’s (VOWG_p.DE) Mexico unit said on Sunday it expects to restart production of three segments from next week and in July after output was curtailed by a global semiconductor chip supply crunch.
COVID deals new blow to foreign carmakers’ Indian dream
Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States.
Ford sees better-than-expected quarterly profit on higher vehicle prices
Ford Motor Co (F.N) said on Thursday its second-quarter operating profit will exceed expectations due to lower costs and rising prices for new and used vehicles amid the global semiconductor chip shortage.
Alphabet’s Waymo raises $2.5 bln in first fresh funding in a year
June 16 (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo said on Wednesday it raised $2.5 billion in its first fresh funding round in a year, after a string of defections of executives rekindled concerns about the technology struggling to scale up.
