Ford CEO Farley outlined plans for automaker’s electric vehicle shift

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to … Read more

The week in review, the week ahead — July 29, 2022

The major averages all gained for another winning week, capping the best month for stocks in 2022. It was also a week that perfectly exemplified why it’s often the expectations that matter far more than the actual numbers reported. On the macro front, in addition to a 75 basis point rate hike from the Federal … Read more

5 things to know before the stock market opens Wednesday, July 27

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022.  Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures looking up Stocks were poised to open higher on a pivotal Wednesday morning. … Read more

5 things to know before the stock market opens Tuesday, July 26

Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide U.S. equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see … Read more

Toyota Faces Spiraling Build Costs of New Cars

Photo: Toshifumi Kitamura/AFP (Getty Images) Toyota will not press its suppliers to lower component costs, Boeing workers agree to strike, and U.S. automakers struggling to fill job vacancies. All that and more in The Morning Shift for July 25, 2022. 1st Gear: Toyota Everything is getting more expensive these days, because of inflation, or so … Read more

States spend billions on EVs to replace automotive capital Michigan

For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in … Read more

GM Reclaims Top US Sales From Toyota After 90-Year Streak Ends

2024 Chevrolet Blazer EVImage: General Motors The General has stolen the number one spot back from Toyota, Stellantis is anticipating another slow year of production in Italy and Jaguar has a new plan for the future: be Range Rover. All that and more in this Tuesday edition of The Morning Shift for July 5, 2022 … Read more

Why QuantumScape investors are still waiting for new EV batteries

A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards.   QuantumScape, which was founded in 2010, went public via a merger with a special-purpose … Read more