Autos

Ford warns investors of an extra $1B in supply chain costs during Q3

2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resul…

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Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO

The name of the car manufacturer Porsche is attached to the curved facade of the newly built Porsche Centre in Magdeburg. Stephan Schulz | picture alliance via Getty Images Volkswagen is targeting a valuation of 70 billion to 75 billion euros ($…

Global Courant

Tesla Nevada Gigafactory works to cut Mosquito Fire smoke exposure

Water tender crews monitor a backfire during the Mosquito fire in Foresthill, an unincorporated area of Placer County, California on September 13, 2022. Josh Edelson | AFP | Getty Images As a massive wildfire chewed through tens of thousands of …

Global Courant

Why Toyota – the world's largest automaker – isn't all-in on EVs

Roughly two decades ago, Toyota Motor became the preferred carmaker of U.S. environmentalists and eco-conscious consumers with its Prius hybrid, an "electrified" vehicle that was among the cleanest and most fuel-efficient vehicles ever …

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Chinese EV maker BYD can rally nearly 40% after overtaking Tesla in deliveries, Barclays says

China EV maker BYD dethroned Tesla in terms of deliveries last quarter and could be a leading global company, according to Barclays. Analyst Jiong Shao initiated coverage of BYD with an overweight rating and set a $40 price target, implying the st…

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