automobiles
Jaguar’s Rebrand Sparks Backlash, ‘Woke’ And ‘Outdated’
The car brand Jaguar may be facing its own Bud Light moment after receiving online criticism from a new ad released on Tuesday.
automobiles
US opens probe into over 110,000 Ford SUVs on seat belt concern
The National Highway Traffic Safety Administration said it had received three complaints, alleging an inadvertent deployment of the seat belt retractor pretensioner.
assembly plants
GM Cuts 1K Jobs In Cost-Cutting Reorganization
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
adjusted loss
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
banks
Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
automobiles
Wall Street Soars To New Records Following Donald Trump’s Historic Election Victory
Donald Trump’s election victory was welcomed happily by Wall Street, with all three major benchmarks hitting record highs on Wednesday.
automobiles
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car, saying it would be “pointless” unless the car was fully autonomous.
2020 election
Stacey Abrams Claims Voter Suppression Amid Georgia’s Record Early Turnout
Former Georgia gubernatorial candidate Stacey Abrams is claiming that “voter suppression” is occurring in Georgia despite record turnout in the state.
AI
Tesla promises paid robotaxis next year, but significant hurdles remain
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year.
adjusted profit
Tesla Shares Soar After Company Announces Better-Than-Expected Profit Of $2B
Elon Musk’s company Tesla said on Wednesday that it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter, sending shares up 5% after hours.