Stephen Wilmot

Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details.

The car giant said it will accelerate its push to cut inventories on U.S. dealer lots by adding discounts and shipping fewer vehicles.

Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the country.

Both the carmaker and its home country are suffering from high costs, eroding tech leadership and a reliance on China.

BMW is leading a selloff in car stocks. A profit warning from the Munich-based manufacturer sent its shares down around 9% and dragged down peers such as Stellantis and Mercedes-Benz. U.S. auto stocks such as Ford and GM traded lower premarket. BMW is facing three headaches: a

The auto giant is considering cuts it has long avoided in Germany as it contends with tepid interest in a high-cost technology.

The auto giant is considering cuts it has long avoided in Germany as it contends with tepid interest in a high-cost technology.

Volkswagen, General Motors and other big brands are losing their grip on a once-lucrative market as Chinese consumers embrace homegrown electric vehicles.

6 hours ago ... As Ford struggles with the cost of repairs, Chrysler owner Stellantis and Nissan focus on thinning out dealer lots.

Tesla’s Auto Woes Crash Elon Musk’s AI Dreams