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  • Is Rivian Automotive Stock a Buy Now?
    Automotive

    Is Rivian Automotive Stock a Buy Now?

    March 6, 2023 /

    Rivian Automotive‘s (RIVN 7.63{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}) inventory plunged 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} on March 1 right after a triple whammy of undesirable news. To start with, the electric powered vehicle maker posted a disappointing fourth-quarter report. It created $663 million in profits, which was a massive leap from $54 million a year before but broadly skipped analysts’ expectations by $66 million. Its adjusted web loss widened from $1.24 billion to $1.59 billion, or $1.73 for each share, but still cleared the consensus forecast by $.22. Next, Rivian announced that it had manufactured 24,337 cars in 2022, which skipped its individual focus on of 25,000. It had currently halved the complete-calendar year focus on from 50,000…

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    Wall Street Bulls Look Optimistic About Rivian Automotive (RIVN): Should You Buy?

    Wall Street Bulls Look Optimistic About Rivian Automotive (RIVN): Should You Buy?

    December 19, 2022
    Why many EV buyers still prefer dealerships

    Why many EV buyers still prefer dealerships

    September 28, 2022
    Dec. U.S. auto sales: SAAR tops forecasts; GM reclaims sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

    Dec. U.S. auto sales: SAAR tops forecasts; GM reclaims sales crown; Toyota, Ford edge up; Hyundai, Kia post double-digit gains to finish 2022

    January 9, 2023
  • Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know
    Automotive

    Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

    February 26, 2023 /

    Rivian Automotive (RIVN) closed at $19.02 in the hottest investing session, marking a -.31{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} transfer from the prior working day. This transfer lagged the S&P 500’s every day decline of .16{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. At the identical time, the Dow dropped .26{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, and the tech-large Nasdaq attained 1.58{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Prior to modern buying and selling, shares of the a company of motor cars and passenger cars and trucks had received 5.71{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} over the previous month. This has lagged the Vehicle-Tires-Trucks sector’s get of 18.85{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} and outpaced the S&P 500’s obtain of .84{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in that time. Rivian Automotive will be seeking to show strength as it nears its upcoming earnings release, which is anticipated to…

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    Francis McGee Comments Off on Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

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    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    February 3, 2023
    Global Automotive Steel Market size to accrue 193.2 BN while expanding at 5.21{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} CAGR through 2028

    Global Automotive Steel Market size to accrue 193.2 BN while expanding at 5.21{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} CAGR through 2028

    November 24, 2022
    Boulware: Excellence before expansion | Automotive News

    Boulware: Excellence before expansion | Automotive News

    January 2, 2023
  • Barclays Says These 2 Automotive Stocks Are Hot Buys Right Now
    Automotive

    Barclays Says These 2 Automotive Stocks Are Hot Buys Right Now

    February 25, 2023 /

    Let us take a appear at the automotive business, which is undergoing a dramatic transformation. We’re in the center of a change from common combustion engine vehicles to electric autos, and at the similar time the marketplace is also introducing new technologies – this sort of AI, driver support, and enhanced sensors – into the cars and trucks we generate. In a latest report from British isles banking giant Barclays, analyst Dan Levy notes that “Auto providers will have to harmony two clocks – the ‘near’ (i.e. cycle) and the ‘far’ (i.e. secular – electrification, autonomous, and program-described vehicles).” Levy goes on to observe that some car – and automotive-connected…

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    Workers go on strike at key automotive insulation plant in Pa.

    Workers go on strike at key automotive insulation plant in Pa.

    December 8, 2022
    Magna Seating plans $100M plant to supply GM near Detroit

    Magna Seating plans $100M plant to supply GM near Detroit

    April 1, 2023
    FTC sending $415K to Tate’s Auto Group dealership customers

    FTC sending $415K to Tate’s Auto Group dealership customers

    September 28, 2022
  • Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance
    Automotive

    Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance

    February 24, 2023 /

    Stellantis has steered skillfully through the global computer chip shortage, maintaining the most abundant vehicle inventory in the U.S. auto industry for the past year while other automakers struggled with skimpy supply. Still, Stellantis posted a decline in U.S. sales in the fourth quarter while also cutting incentives. Its average transaction price rose to over $55,000, thanks mostly to a pair of pricey new Jeeps and strong Dodge pricing increases. Europe and the U.S. are Stellantis’ most important markets. Here are some data points from Cox Automotive on Stellantis’ U.S. Q4 market performance. Stellantis’ Q4 Sales Pulled Down by Jeep Stellantis Q4 sales totaled 347,649 vehicles, down 15.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from Q4…

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    Francis McGee Comments Off on Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance

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    Tesla’s Q4 2022 Revenue Beyond Its Automotive Business

    Tesla’s Q4 2022 Revenue Beyond Its Automotive Business

    April 9, 2023
    The UK car industry’s prospects go from bad to worse

    The UK car industry’s prospects go from bad to worse

    November 27, 2022
    EV startups are burning through cash. Can they attract more investment?

    EV startups are burning through cash. Can they attract more investment?

    March 19, 2023
  • Carvana Turns 10, Celebrating A Decade of Disrupting The Automotive Industry
    Automotive

    Carvana Turns 10, Celebrating A Decade of Disrupting The Automotive Industry

    February 22, 2023 /

    Automotive E-Commerce Pioneer Seems to be Again At Thousands and thousands of Clients Served, Thousands and thousands A lot more In advance PHOENIX, February 21, 2023–(Business WIRE)–Carvana, an business pioneer for buying and selling employed automobiles on the web, is celebrating 10 several years of disrupting the automotive sector and generating outstanding purchaser ordeals. Run by proprietary technological know-how and a thriving nationwide logistics network, Carvana’s group of focused folks across the country are driving the future of automotive e-commerce. The organization set the electric power in the hands of the purchaser with a chopping-edge digital answer, allowing for customers to store on-line as a result of a vast range…

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    Francis McGee Comments Off on Carvana Turns 10, Celebrating A Decade of Disrupting The Automotive Industry

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    Tesla recalls 363,000 vehicles with Full Self-Driving beta

    Tesla recalls 363,000 vehicles with Full Self-Driving beta

    February 17, 2023
    U.S. regulators are reviewing ‘self-certification claims’ made by Zoox

    U.S. regulators are reviewing ‘self-certification claims’ made by Zoox

    February 18, 2023
    Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

    Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

    February 26, 2023
  • 10 Cars That Changed The Automotive Industry Forever
    Automotive

    10 Cars That Changed The Automotive Industry Forever

    February 19, 2023 /

    Many cars signify a specific time in history. For instance, classic cars like the Mercedes-Benz C 111 and Ford Galaxie 500 remind us of the time during the Cold War when the Soviet Union and the United States competed against one another to see who could conquer space; also known as the “Space Race” era. However, sometimes a car comes along and changes the world around it. Big automotive brands like Porsche, BMW, Volkswagen, and Italian exotic carmakers played a pivotal role in how the automotive industry evolved. Although brands like Ferrari have glaring problems no one talks about, a minute issue like this is irrelevant when looking at the…

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    EPA’s car pollution rules may drive EV sales to 67{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} by 2032

    EPA’s car pollution rules may drive EV sales to 67{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} by 2032

    April 14, 2023
    Android Automotive goes mainstream: A review of GM’s new infotainment system

    Android Automotive goes mainstream: A review of GM’s new infotainment system

    January 7, 2023
    Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

    Rivian Automotive (RIVN) Dips More Than Broader Markets: What You Should Know

    February 26, 2023
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