Automotive News

Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline in its auto finance...

Rivian is locked in a legal fight with the world’s largest automotive supplier over motors in the R1 pickup truck and SUV as the electric vehicle maker grapples with ongoing production issues.  

Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite. While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same...

U.S. consumers seem eager for the emission-free reinvention of a hippie icon, but it's unclear how many will be available.

The safety equipment supplier's third-quarter sales decreased 0.8 percent in an overall market where global light vehicle production was down 4.8 percent.

Those bets include the most profitable (and increasingly efficient) gasoline-powered vehicles, proven battery-cell chemistries for electric vehicles and the driver-assist technology that more than 90 percent of new vehicles already have.