China slowly squeezes global carmakers out of its massive market
Legacy automakers have been sounding optimistic lately about vehicle sales in China heading higher following the great reopening. Volkswagen boss Oliver...
Carmakers riding wave of pent-up demand: Auto sales update
Many automakers are seeing stronger US new car sales as dealer inventories are replenished by higher production volumes, but those...
Rivian stands by EV output goal despite production slowdown
Rivian Automotive Inc. reaffirmed its 2023 target for electric-vehicle production even as the automaker’s output slowed in the first three...
Fed-favored inflation gauge rises by less than forecast, spending moderates
A key gauge of US inflation rose last month by less than expected and consumer spending stabilized, suggesting the Federal...
First Citizens to buy SVB after biggest bank failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
Ford sees electric-vehicle losses growing to $3B in 2023
Ford Motor Co. predicts losses in its electric vehicle business will grow to $3 billion this year as it spends...
Fed hikes quarter point, signals it still expects higher rates
The Federal Reserve raised interest rates by a quarter percentage point and signaled it’s not finished hiking, despite the risk...
Carvana plans $1 billion debt swap to restructure balance sheet
Carvana Co. said it’s offering to exchange up to $1 billion of bond principal at below-par prices as the struggling...
