Used vehicle prices rising at an unseasonably strong rate

A made use of auto dealership is observed in Annapolis, Maryland on May well 27, 2021, as numerous car dealerships across the region are managing lower on new autos as…

Ferrari’s 2022 earnings jump 13%, supercar maker guides to strong 2023

Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long expression technique, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday…

Tesla says its 4Q profit rose 59%, expects strong margins

DETROIT — Tesla on Wednesday posted document net income in the fourth quarter of last 12 months, and the company predicted that supplemental application-connected revenue will hold its margins bigger…

Porsche, freshly listed, sees strong 2023 as nine-month profits soar

BERLIN — Porsche described a 40.6% leap in operating gain to more than 5 billion euros ($5 billion) in the first 9 months of 2022 and predicted a potent 2023…

Ford’s fundamentals remain strong, despite recession worries, productions snags

The overall economy faces a heightened chance of a recession, Ford (F) CEO Jim Farley advised CNBC on Tuesday, a 7 days just after the automaker warned investors of $1…

Ford 2Q profit up 19% on strong prices, sales increase

DETROIT — Ford Motor Co.’s web revenue rose 19% in the second quarter as the firm pulled collectively sufficient laptop chips to raise manufacturing unit output and sales. The Dearborn,…

NIO XPEV LI report strong deliveries for June as Covid wanes

Nio’s ES7 sports utility automobile adds a further competitor to Tesla’s Product X and Design Y in China. Nio Chinese electrical-vehicle maker Nio reported Friday that it delivered approximately 13,000…

EV sales stay strong despite rising battery costs

Purchasers all around the globe are lining up to buy electrical motor vehicles this yr even with sticker rates surging, flipping the script on a decade and a 50 percent…

Ford’s 2021 sales fall 6.8%, but company ends with strong fourth quarter

Ford autos are viewed on the product sales great deal at the Helfman Ford dealership on Oct 28, 2021 in Houston, Texas. Brandon Bell | Getty Photos DETROIT – Ford…

Elon Musk has strong views on hydrogen. Not everyone agrees

A car is fueled with hydrogen at the Frankfurt Auto Show IAA in Frankfurt am Principal, Germany, on September 13, 2017. TOBIAS SCHWARZ | AFP | Getty Visuals Tesla CEO…