Mortgage rates drop to the 5% range for the first time since September

Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five deal since a brief blip … Read more

Ford January 2023 sales boosted by F-Series and Bronco

Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new US vehicle sales started 2023 on a stronger footing than a year earlier but were down 18.4% from December, the company reported Thursday. January is … Read more

Peloton (PTON) Q2 earnings 2023

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Platoon said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy … Read more

General Motors expects to boost EV production in the second half

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – When General Motors launched the GMC Hummer EV … Read more

McDonald’s (MCD) Q4 2022 earnings

A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Tuesday. Here’s what analysts surveyed by Refinitiv are expecting the company to report: related investing news Earnings per share: $2.45 expected … Read more

General Motors (GM) earnings Q4 2022

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $1.69 Revenue: $40.65 trillion GM in November tightened its projected range for 2022 … Read more

Boeing plans to add new 737 Max production line

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing said it plans to add a fourth 737 Max production line in the second half of next year as it … Read more

Ford, General Motors demand in focus during earnings

Attendees view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York, on Friday, April 15, 2022. Jeenah Moon | Bloomberg | Getty Images DETROIT – Let’s talk about pricing power. At least, General Motors spirit Ford Motor likely will be doing that this week … Read more

Ford cuts price of EV Mustang Mach-E, following Tesla’s cuts

People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The … Read more

EV carmakers work to fit auto dealers into their future plans

Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new electric vehicles, they face an existential question: how best to bring franchised auto … Read more