Hertz shares surge more than 50% after Bill Ackman takes big stake in rental car firm
Bill Ackman’s Pershing Square took a sizable stake in Hertz, the rental car company that exited from bankruptcy four years ago,
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Autos
GM board approves new $6 billion share buyback authorization
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General
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UAW president under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education,
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GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images
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Ford EV and hybrid sales surge 65% in May
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC
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See inside Ford’s new tech campus, a century-old Detroit train station restored for $950
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight
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Jeep expects to grow plug-in hybrid SUV sales by as much as 50% in 2024
A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York,
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Rollback in IRA’s EV incentives would benefit China, says GM board member
Any significant reduction or a rollback of the Inflation Reduction Act’s support for electric vehicles would benefit China, according to
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Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024. CNBC | Evelyn Cheng
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GM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael
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