Today: September 20, 2024
Today: September 20, 2024

Latest From Nathan Gomes

Business|Finance|Technology

Ford Pro CEO, who made commercial vehicles more profitable, to retire

Ford Motor said on Thursday head of its highly profitable commercial vehicle business unit, Ted Cannis, would retire at the end of the month after more than 35 years with

Ford Pro CEO, who made commercial vehicles more profitable, to retire
Business|Finance

Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast

Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations, but

Advance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast
Business|Finance|News

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies

Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles

Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies
Business|Technology

US new-vehicle sales growth slows after CDK cyberattack

Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the

US new-vehicle sales growth slows after CDK cyberattack
Business

Hybrids, gas vehicles fuel legacy automakers' shares past EV rivals

Shares of legacy automakers have outpaced their electric counterparts over the last few weeks, as investors respond to company decisions to prioritize higher-margin, gas-

Hybrids, gas vehicles fuel legacy automakers' shares past EV rivals
Business

US auto retailers' falling new vehicle margins compress quarterly profits

Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a strain on new-

US auto retailers' falling new vehicle margins compress quarterly profits
Business

EVs struggle with reliability due to charging, battery issues - Consumer Reports survey

Electric vehicles continue to grapple with poor reliability due to charging and battery issues, a survey by an influential U.S. non-profit organization showed on Wednesday,

EVs struggle with reliability due to charging, battery issues - Consumer Reports survey
Business|News

Daimler Truck reaches deal with United Auto Workers, averts U.S. strike

Daimler Truck agreed to a new labor contract on Friday with over 7,300 hourly workers represented by the United Auto Workers (UAW) at six facilities in the

Daimler Truck reaches deal with United Auto Workers, averts U.S. strike

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