automaker

GM Makes Bold Promise to Create New Formula for Electric Car Batteries

GM Makes Bold Promise to Create New Formula for Electric Car Batteries

Mary Barra, General Motors Company (NYSE: GM) Co Chief Executive, has promised investors that the company will be selling profitable electric cars by 2021. There has been no major automaker that has done this before. GM plans to achieve this by comb..

Automakers Report Mixed U.S. December Sales

Automakers Report Mixed U.S. December Sales

On Wednesday, major automakers reported mixed U.S. sales for the month of December due to big consumer discounts targeted at moving cars off dealer lots before the year ended. New vehicle sales for that month marked a strong year, almost meeting las..

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..