All articles tagged with #autos
The article highlights several budget-friendly vehicles that combine style, practicality, and modern technology, including the Nissan Leaf, Subaru Forester Wilderness, Volvo EX30, Honda Civic, and Chevrolet Trax, all offering great value despite rising car prices.
The 2020 Mazda Miata has retained about 64% of its value after five years, with depreciation rates varying by trim, and it compares favorably to similar sports cars like the Toyota 86 and Subaru BRZ in terms of value retention.
The article reviews three popular trucks—Ram 1500, Ford F-150, and Chevrolet Silverado 1500—highlighting their potential drawbacks such as high repair costs, reliability issues, and long-term expenses, suggesting that buyers should consider practicality and long-term costs over flashy features or towing capacity.
Jeep has unveiled its new electric SUV, the Wagoneer S, marking a significant step in the brand's move towards electric vehicles.
Huawei's net profit for 2023 more than doubled, with revenue growing by 9.6% to 704.2 billion yuan, and net profit increasing by 114.5% to 87 billion yuan. The company's smartphone business made a comeback with the release of the Mate 60 Pro in China, boosting sales and market share. Revenue from the intelligent automobile solutions business grew by 128.1%, while the consumer business saw a 17.3% increase in revenue. ICT remained Huawei's biggest revenue driver, with cloud revenue growing by nearly 22%.
Tesla's massive recall has garnered significant attention due to its status as the most valuable auto maker and the involvement of large numbers. The impact of the recall can be better understood through three charts.
Stellantis, an auto maker, is taking inspiration from NIO's playbook to address range anxiety in electric vehicles (EVs). Range anxiety, the fear of running out of battery with no charging options, is a major concern for EV drivers. Stellantis aims to alleviate this fear in order to boost EV sales.
Fisker's stock plummeted after the company reported disappointing third-quarter earnings and reduced its full-year production guidance, raising concerns about the electric vehicle start-up's performance.
Tesla stock is on the rise as news about the company's next car, potentially priced at $27,000, boosts investor confidence after recent volatility.
Cruise has suspended operations of its driverless cars nationwide after the California Department of Motor Vehicles (DMV) suspended their deployment in San Francisco, stating that the vehicles were "not safe for the public's operation" and that the manufacturer had "misrepresented" safety information. Cruise stated that the suspension is not related to any new incidents and that they are taking time to examine their processes and rebuild public trust. The DMV's suspension followed an investigation into a collision involving a Cruise vehicle in San Francisco on October 2. Cruise will continue supervised autonomous vehicle operations.
Tesla's stock has experienced a third consecutive day of decline, raising concerns about its financial performance and investor sentiment. The future outlook for the company remains uncertain, prompting speculation about what comes next for Tesla.
UBS analysts have downgraded Tesla's stock, stating that while the company has been successful in areas such as pricing, production, and technology, these factors are not enough to make the shares attractive at the moment.
European stock markets opened lower as investors continued to digest corporate earnings, with mining shares down 1.1% and autos falling 3%. Banks and insurance were the only sectors to rise. The autos decline follows Tesla's results, which showed a fall in net income, and the company's Tuesday announcement of further price cuts. Falls came despite solid earnings from carmakers Renault and Volvo. Morgan Stanley posted better-than-expected results, but its shares fell by 2% in early trading.
Ford has recalled 1.5 million vehicles due to problems with windshield wipers and brake fluid leaks, highlighting the company's sloppy work and poor quality. The recalls come after Ford's recent component problems with its F-150 Lightning, earnings disappointments, and trouble pricing its vehicles. Despite these issues, CEO Bill Farley remains in his position, raising concerns about the company's future.