Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario — In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
Tuesday Ticker: Ford pumps the brakes on production; VinFast makes minor gains
Toronto, Ontario — In this weekly, post-American-Thanksgiving Tuesday Ticker, we look into Ford’s decision to scale back EV production in Michigan (and globally). Plus, VinFast makes minor gains amid analyst support. Ford hits the brakes Ford is scaling back its zero-emissions plans in Detroit, Michigan, amid slower-than-anticipated EV demand, according to a statement from the […]
Tuesday Ticker: Analysts talk Tesla, while the automaker sells beer; VinFast acquires its battery maker; GM-Unifor deal ratified
Toronto, Ontario — This week, Tesla dabbles in beer sales while analysts critique its 2023 profitability promises; VinFast tries to cut costs on batteries and General Motors workers ratify a new agreement. Tesla gets tumultuous Analysts expect Tesla’s Q3 margins to drop compared to the previous quarter, mainly due to the automaker’s recent decisions to […]
Tuesday Ticker: VinFast approved for Nasdaq IPO stock listing; Martinrea reports records
Toronto, Ontario — This week, VinFast gets approval to list on Nasdaq; Axalta reports its Q2 2023 results and auto parts manufacturer Martinrea doubles its adjusted net earnings compared to Q2 2022. Go for VinFast Vietnamese electric vehicle manufacturer VinFast will soon trade on the Nasdaq, following the approval of its merger into a special […]
