Plus, Scout issues a stern warning to VW dealers about direct sales, and the VW-Rivian bromance is heating up.
Deutsche Bank analyst Edison Yu raised his rating on GM stock to Buy from Hold, and lifted his price target to $60 from $56.
GM’s Factory Zero did not shut down because of any executive orders signed by Donald Trump, according to a GM spokesperson.
State Democrats revised a statement that originally asserted incorrectly that "factories (are) already idling because of Trump’s presidency."
Donald Trump’s tariff threats stand to hurt American economic interests because they would disturb automotive supply chains where the US is strong and drive up consumer prices, said the head of General Motors Co.
President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.
President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor's legacy when it comes to electric vehicle promotion.
Once Donald Trump swears in on Jan. 20, he will receive the Presidential state car, a custom Cadillac nicknamed "The Beast".
Stellantis’ chairman detailed several plans for U.S. investments when meeting with President Donald Trump before his Monday inauguration.
President Donald Trump has signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden.
Hyundai, which with affiliate Kia is the world's third-biggest automaker by sales, on Thursday forecast 2025 revenue growth of 3.0% to 4.0%, versus 7.7% a year earlier. It expects an operating margin of 7.0% to 8.0%, from 8.1% in 2024.
Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday as some expect the cheaper car to help the company hit its goal to increase deliveries by up to 30% this year.