U.S. automaker Ford plans to assemble 300,000 units of a new model per year at its Spanish plant in the Valencia region starting 2027, Spain’s Industry Ministry said on Friday.
Shares of China’s Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top end of its marketed range.
U.S. stock index futures rose on Friday, as investors eagerly awaited comments from Federal Reserve officials to get more clarity on rate cuts, after economic data this week supported bets of monetary policy easing.
A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The U.S. central bank likely remains on track to cut interest rates this year even if the timing and extent of the policy easing is uncertain and further declines in inflation come only slowly, Atlanta Federal Reserve President Raphael Bostic said in an interview with Reuters.
Elon Musk’s decision to gut Tesla’s electric-vehicle charging team is scrambling plans for rolling out new fast-charging stations and may delay President Joe Biden’s efforts to electrify U.S. highways.
The U.S. auto safety regulator said on Friday it was opening a preliminary evaluation into 210,960 Ford vehicles following complaints alleging diesel fuel leaks that may result in a fire.
The U.S. auto safety regulator on Friday opened a preliminary probe into 6,813 Ocean SUVs made by Fisker in 2023, after complaints that the automatic emergency braking system used in the electric vehicles had activated inadvertently.
China’s car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers’ caution about spending on big items during a shaky economic recovery.
