The Los Angeles Post
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Today: April 11, 2025
Today: April 11, 2025
Nathan Gomes

Nathan Gomes

Staff Writer

Latest From Nathan Gomes

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CarMax boosts newer pre-owned car inventory as tariffs impact buying trends

CarMax is expanding its inventory of newer pre-owned vehicles, as U.S.

CarMax boosts newer pre-owned car inventory as tariffs impact buying trends
Business|Economy|Political|US

US first-quarter auto sales get a lift from looming Trump tariffs

U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump's tariffs on auto

Business|Economy|Political|US

Why Trump's auto tariffs will hurt his working-class supporters

Working-class car buyers will be the hardest hit by U.S.

Why Trump's auto tariffs will hurt his working-class supporters
Business|Crime|Economy|Technology|US

Hyundai, Kia's anti-theft measures fuel steep dip in US vehicle thefts

Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures

Hyundai, Kia's anti-theft measures fuel steep dip in US vehicle thefts
Business|Economy|Political|US

Ford projects mounting EV losses for 2025, Q4 profit up

Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last

Ford projects mounting EV losses for 2025, Q4 profit up
Business|Economy|Finance|Stock Markets|US

Harley-Davidson forecasts weak 2025 as spending falters

Harley-Davidson on Wednesday forecast 2025 profit and motorcycle revenue to be flat to down 5% as consumers temper big-ticket purchases, sending its

Harley-Davidson forecasts weak 2025 as spending falters
Business|Economy|Finance|US

US steelmakers set for strong start to 2024 as UAW strike fuels price gains

U.S. steelmakers are on course to post higher profits in the first quarter of 2024 as prices spike from a scramble by buyers to restock following a brief

US steelmakers set for strong start to 2024 as UAW strike fuels price gains
Business|Economy|Technology|US

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|Science|Technology

Analysis-Hertz's EV sale to fan cost concerns, dampen used-car market

Electric vehicles were already considered expensive and hard to repair.

Analysis-Hertz's EV sale to fan cost concerns, dampen used-car market
Business|Finance|Technology|US

Ford cuts F-150 Lightning production as EV demand softens

Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) softens. The No.

Ford cuts F-150 Lightning production as EV demand softens
Business|Economy|Finance|US

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|Finance|Technology

Ford CEO open to working with rivals to compete with China

Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the

Ford CEO open to working with rivals to compete with China
Business|Technology|US

Boeing CEO Calhoun's exit leaves uphill task for successor

Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named

Boeing CEO Calhoun's exit leaves uphill task for successor
Business|Finance|US

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows
Business|Economy|News|US

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
Business|Finance

AerCap sees tight jetliner market, places big engine order

The head of aircraft leasing giant AerCap predicted that tightness in global jet markets would last through the rest of the decade, fuelled by supply chain

AerCap sees tight jetliner market, places big engine order
Business|Technology|US

CDK auto dealer software unlikely to be restored before June end, memo says

CDK Global does not expect the cyber attack-led ongoing outage in its dealer management software, used by dealers across the United States, to be restored

CDK auto dealer software unlikely to be restored before June end, memo says
Business|Finance|News|Stock Markets|US

Activist investor Elliott calls for Southwest Airlines leadership, board changes

Elliott Investment Management called for leadership and board changes at Southwest Airlines after reporting a stake worth about $1.9 billion in the

Activist investor Elliott calls for Southwest Airlines leadership, board changes
Business|Finance|Stock Markets|Technology

GM cuts EV production forecast, approves $6 billion share buyback

General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on

GM cuts EV production forecast, approves $6 billion share buyback
Business|Technology|US

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|Finance|Stock Markets

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|Finance|Stock Markets

Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion

Cleveland-Cliffs will buy Canadian steelmaker Stelco Holdings for C$3.85 billion ($2.8 billion), it said on Monday, marking its first acquisition since

Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion
Business|Technology|US

Ford pivots from EV plans to heavy-duty trucks at Canada facility

Ford Motor on Thursday outlined plans to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-

Ford pivots from EV plans to heavy-duty trucks at Canada facility
Business|Finance|Stock Markets|Technology

GM, Ford profit may take a hit from cooling EV demand, US dealer software outage

General Motors and Ford may post lower profit when they report quarterly results this week, as the industry's high-stakes bet on EVs fails to pay off, while

GM, Ford profit may take a hit from cooling EV demand, US dealer software outage
Business|Economy|Finance|Technology

Ford profit disappoints, stock falls 11% as quality issues dog automaker

Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is

Ford profit disappoints, stock falls 11% as quality issues dog automaker

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