US auto sales fell slightly in Q3, but GM is a bright spot

DETROIT — US new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new cars, trucks and SUVs may be waning. Edmunds.com said Monday that sales fell 0.9% from July through September, with most automakers reporting declines. General Motors … Read more

Tesla robot slowly walks on stage at AI Day

Washington, DC CNN — Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowd and gestured with his hands for roughly one minute. Tesla CEO … Read more

Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns

Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs. At current prices, the cinema chain could raise up to $1.6 billion from the sale of additional APEs, which was disclosed in a regulatory … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components … Read more

Big SUV And Pickup Sales Undermining EV Emissions Gains

Image: Brandon Bell (Getty Images) EVs sales have been on the rise. We’re still a bit off from mass adoption but we’re slowly getting there. With those EV gains come gains in curbing carbon emissions. But there’s a problem as well The Conversation points out. Sales of big ass trucks and SUVs with bad gas … Read more

Nissan Pauses Sales of New Z With Roll Away-Prone Automatic Transmission

Image: Nissan Earlier in September, Nissan expanded a recall covering more than 200,000 Titan and Frontier pickups relating to a roll away risk in their Jatco nine-speed automatic transmission. You know what other Nissan product shares that slushbox? The new Z. Inevitably, the sharp little coupe has been issued a stop sale, too. As we … Read more

Apple is now the market’s most-shorted stock. If Tesla is an example, that’s bullish.

Apple shareholders need not worry that it’s the most-shorted US stock. I’m referring to the report from short-seller analytics firm S3 Partners that, after 864 days in which Tesla TSLA, -0.13% was at the top of this list, Apple AAPL, -1.10% has acquired this dubious honor. As of Sept. 14, a total of $18.4 billion … Read more

Honda lines up Rs 260 cr to upgrade sales network with SUV push on anvil

Japanese automaker Honda along with its dealer partners plans to invest around Rs 260 crore to upgrade its dealerships across India to make them more premium as it gears up to drive in sports utility vehicles in the market starting next year, as per a senior company official. Honda’s dealer network in the country currently … Read more

Nissan eager to leverage US tax credit to boost EV sales

TOKYO — Nissan will more aggressively push electric vehicles to take advantage of a new US law that gives up to $7,500 in tax credits, the Japanese automaker said Friday. President Joe Biden signed the landmark climate change and health care bill into law last month. The tax credit can be used to defray the … Read more

Nissan eager to leverage US tax credit to boost EV sales

TOKYO — Nissan will more aggressively push electric vehicles to take advantage of a new US law that gives up to $7,500 in tax credits, the Japanese automaker said Friday. President Joe Biden signed the landmark climate change and health care bill into law last month. The tax credit can be used to defray the … Read more