auto

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles Announced Strong Sales in Europe

Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Friday that it has outperformed the European industry (EU28+EFTA) once again in June, with sales up 7.9% year-over-year (+2.1% for the industry) to 106,700 vehicles. Market share of Fiat Chrysler w..

Porche's Employees Under Investigation by German Prosecutors

Porche's Employees Under Investigation by German Prosecutors

On Monday, The Stuttgart prosecutor’s office said that employees at German sports car maker Porsche AG and a U.S-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.According to an art..

Tesla Inc. Shares Down Sharply After Goldman Sachs Downgrade

Tesla Inc. Shares Down Sharply After Goldman Sachs Downgrade

Tesla Inc. (NASDAQ: TSLA) took a beating this morning as Goldman Sachs Group Inc (NYSE: GS) analysts have downgraded the stock, issuing a valuation of $180 down from previous stance of $190.The automaker had posted record prices earlier this year, a..

O’Reilly Automotive Inc. Stock Crashes After Earnings Miss

O’Reilly Automotive Inc. Stock Crashes After Earnings Miss

O’Reilly Automotive Inc. (NASDAQ:ORLY) missed same-store sales guidance by a large margin and as the result payed the price of a 21% slide on Monday.O’Reilly reported a 1.7% increase in comparable store sales, but missed the mark set ear..

Ford Moving to China

Ford Moving to China

Ford Motor Co. (NYSE:F) expects to move production of its Ford Focus small car from the U.S. to China.U.S. sales of small cars have dropped intensely and as a result many companies want to cut costs producing them. By moving productions to Chin..

Tesla Is Now Closer to Start Manufacturing in China

Tesla Is Now Closer to Start Manufacturing in China

Tesla Inc. (NASDAQ: TSLA) is closer to finalize an agreement that will allow the company to produce cars in China. If successful, the electric car manufacture will get access to the world’s largest auto market. According to a report by Bl..