News Home Monday, June 12, 2023 12:11 PM | Investors Observer Analysts Mentioned in this article Mullen Automotive Inc (MULN) stock has fallen -98.48% over the last 12 months. InvestorsObserver’s proprietary ranking system, gives MULN stock a score of 5 out of a possible 100. That rank is mainly influenced by a short-term technical score…
As the West surges toward electric cars, here’s where the unwanted gas guzzlers go
Cotonou, Benin CNN — Standing on the stony ground in the bustling Fifa Park car lot, Rokeeb Yaya is haggling over the price of a dark red car. It is one of a couple hundred vehicles, parked in long lines stretching out across the vast lot – some shiny and new-looking, others dented and dusty….
Stellantis and Vulcan sign a deal for French geothermal projects
Stellantis has signed a new agreement with Australia-listed lithium supplier Vulcan Energy Resources aiming to help decarbonize its European operations, the two groups said. As global demand for electric-vehicle batteries rises, Stellantis has signed deals with multiple miners to secure key minerals, including with Vulcan, in which the automaker is now the second largest investor….
Ford, GM, Volvo exhaust supplier Wescast closing Ontario foundry, Unifor says
Wescast Industries, a Tier 1 automotive supplier of exhaust manifolds, has informed Unifor of its intention to close its foundry in Wingham, Ont., where it has operated for more than 120 years, the union said May 29. Unifor said the closure will devastate workers, families and the community of Wingham, about 190 kilometers northwest of…
Advance Auto Parts 1Q Earnings Fall — Earnings Review
By DeanSeal Advance Auto Parts logged a slimmer profit and lower-than-expected sales for the first quarter. Here’s what you need to know. PROFIT: The automotive parts seller posted a profit of $42.7 million, or 72 cents a share, compared with $139.8 million, or $2.26 a share, in the same quarter a year ago. Analysts polled…
NHTSA faulted for defect investigation delays, internal processes
WASHINGTON — The nation’s top auto safety regulator is failing to complete defect investigations and upload related documents in a timely manner, potentially limiting its ability to address “rapidly evolving and severe” risks to motorists, a government audit found. In a report released Wednesday by the US Transportation Department’s Office of Inspector General, auditors reviewed…
Most Expensive Toyota Grand Highlander Costs Nearly $60k
Automakers can’t have one three-row SUV anymore. They need to have multiple options that fill in the tiny gaps within their lineups. For Toyota, there was a substantial hole between the midsize Highlander and the large Sequoia. With the launch of the all-new 2024 Toyota Grand Highlander, Toyota has filled that gap. For consumers who…
10 Used Luxury Cars With Extremely Low Maintenance And Repair Costs
If you also wonder how expensive it must be to maintain a luxury car, you’re probably not alone. Luxury cars often come with the perception of high maintenance costs. As with any segment, however, the luxury car market definitely has some gems known for being relatively easier on the pocket as far as maintenance is…