In a candid industry forecast, Volvo's outgoing CEO Håkan Samuelsson states that manufacturing efficiencies and falling battery costs will make EVs cheaper to produce than internal combustion vehicles within five years, a shift that could redefine auto market dynamics.
Wall Street analysts are bullish on Cars.com Inc. (NYSE:CARS), with hedge funds positioning it as a top pick in the used-car sector. The company's rollout of new AI-powered advertising and expansion tools aims to transform dealer sales strategies.
Shares of the online auto marketplace Cars.com have slumped 10% over the past six months, starkly underperforming the broader market. With growth stagnating and profitability under pressure, analysts are questioning its near-term prospects. We examine the key concerns and highlight a more compelling investment opportunity.
Elon Musk reframes Tesla ownership as a potential income source, proposing an 'Airbnb-for-cars' model where private vehicles join an autonomous ride-hailing fleet, offsetting ownership costs.
The wealth management sector kicks off the year with strategic acquisitions and rebranding moves. Corient expands its Silicon Valley footprint, Carson integrates a long-time partner, and Cetera lures a team from Raymond James, highlighting the ongoing consolidation and competition for advisor talent.
The Swedish automaker, majority-owned by China's Geely, reports a sharp decline in quarterly earnings, citing U.S.-EU tariffs, currency pressures, and softening demand as key challenges to its near-term outlook.
Ford Motor Company and China's Geely are negotiating a strategic partnership that could see Geely utilize Ford's European factories for production, while sharing advanced vehicle technologies, in a move that reshapes the continent's automotive landscape.
Veteran Democratic strategist James Carville has sharply criticized House Republicans' focus on the Clintons in the Jeffrey Epstein document review, calling it a self-defeating political stunt. He predicts the upcoming depositions will backfire on the GOP.
Anduril co-founder Palmer Luckey argues that AI-driven manufacturing will slash costs so dramatically that major purchases like vehicles and homes could become radically affordable, pointing to regulatory hurdles as the main barrier.
In a landmark shift, every vehicle on Consumer Reports' 2026 '10 Best' list is either a hybrid or fully electric, underscoring a decisive move toward electrification in the mainstream auto market.
Chinese EV maker Li Auto announces a significant organizational overhaul, dissolving its dedicated autonomous driving team to focus resources on 'embodied intelligence' and humanoid robotics, signaling a bold strategic realignment.
In a revealing moment during Tesla's earnings call, Elon Musk disclosed that his Saturdays are dedicated to the company's next-generation AI5 chip project, signaling a fundamental strategic shift from automaker to vertically integrated AI hardware powerhouse.
A luxury car sale took an unexpected turn when a buyer casually wired a quarter-million dollars, revealing an unconventional fortune built not on Wall Street, but on trading cards. The incident highlights the blurring lines between niche hobbies and serious wealth generation.
Despite shrinking margins on new vehicle sales, Group 1 Automotive posted its highest-ever annual revenue, powered by robust growth in its service departments and finance operations. The auto retailer credits strategic investments in technician retention and a shift toward higher-margin repair work.
As subscription models become ubiquitous from smart rings to cars, companies like Oura defend recurring fees as essential for innovation, even as consumers grapple with 'subscription creep' and mounting monthly bills.
Amid warnings that China is pulling ahead in the autonomous vehicle race, U.S. lawmakers and industry leaders from Waymo and Tesla are pressing Congress to break a legislative logjam and accelerate the deployment of self-driving cars on American roads.
Brussels-based clean transport group Transport & Environment warns that the European Commission's proposed easing of 2035 emissions targets may allow combustion-engine cars to make up half of new sales, marking a significant retreat from earlier climate ambitions.
A multi-year investigation in North Georgia has led to the indictment of nine individuals accused of running a sophisticated scheme that falsified vehicle paperwork, enabling unlicensed drivers to illegally purchase and register cars while netting over $1 million.
Bank of America extends its partnership with Volvo Car Financial Services through 2030, solidifying its position in automotive lending. Concurrently, the bank joins JPMorgan Chase in matching contributions to the new federal 'Trump Accounts' child savings program, while advancing a dual-track expansion in digital services and physical branches.
As Chinese automakers reshape Europe's automotive landscape, Ford is in advanced talks with Geely to share technology and manufacturing capacity, signaling a strategic shift for Western carmakers facing intense competition.
