Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations. The stock jumped 8% following the earnings release. Here’s how the company did versus Wall Street’s expectations, according to estimates compiled by LSEG: Earnings per share: 13 cents vs. 70 cents expected Revenue: $13.2…
LONG BEACH, Calif. — As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that CEO Jim Farley has described as industry-defining products. Ford’s push comes despite a massive slowdown in EV adoption, $19.5 billion in electric…
NANJING, CHINA – APRIL 30, 2026 – Tourists visit the BYD exhibition area at the Auto Expo in Nanjing, Jiangsu Province, China on April 30, 2026. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images BYD‘s passenger vehicle sales fell for an eighth consecutive month in April, while…
Cavan Images / Gabriel Sean Photography | Cavan | Getty Images Consumers shopping used-car lots may notice that electric vehicles are increasingly sporting more affordable price tags. Even as purchases of new electric vehicles have faltered, used EV sales jumped 27.7% in March from a year earlier and were 53.9% higher than in February, according…
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts…
President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies. “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged…
Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…
AI signage at the Robert Bosch booth at the Beijing Auto Show in Beijing, China, on Saturday, April 25, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — Electric carmakers in China are layering on more of the same artificial intelligence features as they try to survive a prolonged price war in the world’s largest…
The all-new 2026 Jeep Cherokee Hybrid is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images Shares of auto giant Stellantis fell sharply on Thursday after the company reported a near tripling…
A Volkswagen logo at the back of an ID.7 electric car at the Volkswagen electric car factory on February 24, 2026 in Emden, Germany. Focke Strangmann | Getty Images News | Getty Images German auto giant Volkswagen on Thursday reported weaker-than-expected first-quarter profit, citing higher U.S. tariffs and intensifying competition from Chinese car brands. Europe’s…
