Textsize Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan double downgraded shares of both General Motors (ticker: GM) and ford engine (F) to Sell from Buy, skipping Hold. (Analysts typically move ratings one […]
Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]
picture: International Harvester Company Sometimes, there’s good news in the world and today is one of those times: Volkswagen’s board of directors are expected to approve a plan Wednesday to bring back the Scout, this time as an EV brand with an SUV and pickup truck to kick off the new line. Can you even […]
May 10, 2022 12:46 p.m. ET E85 fuel at a gas station in Nevada, Iowa. Photos: Jason Reed/REUTERS Tom Hazelleaf (Letters, May 2) is right about letting markets lead the fight against climate change, but wrong about imposing a carbon tax. Gasoline is the largest emitter by far of new carbon dioxide. The price elasticity […]
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX, +1.00% below 4,000 for the first time since 2021. As investors try to regroup from the worst three-day stock stretch in two years, one more hard day of selling for the S&P might be a […]