GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering “significant tariff relief” for the production of vehicles in the U.S. Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted…
DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September. New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids,…
Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Strong electric vehicle sales are leading to robust third-quarter results for major automakers, as consumers flocked to car dealerships before the end of $7,500 in federal incentives for EVs. Ford Motor,…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a…
Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday….
A view of Cadillac Escalade IQ Sport 2 at Electrify Expo San Francisco, the largest electric vehicles (EV) event in North America at Alameda Point in Alameda, California, United States on Aug. 23, 2025. Tayfun Coskun | Anadolu | Getty Images DETROIT — Automakers and investors are about to find out what the “natural demand”…
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines told staff Friday that it’s suspending about 40 routes, finalizing a 25% cut to its November schedule as it scrambles to slash costs in bankruptcy and…
A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty Images DETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations….
NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025. The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines CEO Dave Davis on Wednesday braced staff for more job cuts and said the carrier plans to slash its schedule in…
