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Penske Automotive's first-quarter net income rose from a year earlier, as acquisitions and strong sales at its UK dealerships pushed revenue to a record for the quarter.
Seating and electronics supplier Lear reported a 23 percent leap in 2017 first-quarter net income and stronger profit margins.
Only six remaining milestones stand between Tesla's Elon Musk and an estimated $1.4 billion windfall for the carmaker's billionaire CEO.
Of dozens of startup electric car makers in China, only two or three will be around in five years' time, the chief of Nio told Reuters on Thursday.
Volkswagen reported a 28 percent jump in first-quarter operating profit, helped by earnings growth at its core VW brand which has struggled to recover from the carmaker's emissions scandal.
Electric-car startup Lucid Motors has a team recruited from Tesla and a slick concept that boasts impressive performance. Now it's going to need more money.
A defiant Elon Musk took to Twitter to suggest disgruntled investors buy stock in Ford. He sent the tweet after a group of investors urged the company to add two independent directors to its board.
Billionaire David Einhorn's Greenlight Capital doubled down on its pitch for new General Motors dividend shares, saying the automaker misrepresented the hedge fund's proposal for a stock split.
Elon Musk's Tesla surpassed GM to become America's most valuable automaker, eclipsing a company whose well-being was once viewed as interdependent with the nation's.
CEO Elon Musk took a swipe at short sellers after Tesla shares surged to a record high and the automaker topped Ford in stock market value.
Investors have given billionaire hedge fund manager David Einhorn's plan to boost the value of GM shares a frosty reception, according to an Evercore ISI poll.
Tesla CEO Elon Musk just gained a massive and well-connected confidant to help him better crack China's auto market: Tencent Holdings Ltd.
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