Porsche shares rise in landmark Frankfurt debut

Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Shares of the iconic sports car brand initially traded at 84 euros ($81) on Thursday morning after they had been priced at the top end of their range late Wednesday, at 82.50 euros. It values the … Read more

Ford unveils new F-Series Super Duty trucks

2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor is redesigning a pivotal product lineup, leaning on new software and connected data metrics, to boost profits in its commercial vehicle business. The Detroit automaker on Tuesday revealed its 2023 F-Series Super Duty trucks, a lineup of vehicles ranging from large pickups to commercial … Read more

DOT approves 50 states’ plans

A man charges his car at a Tesla super charging station in Arlington, Virginia on August 13, 2021. Andrew Caballero-Reynolds | AFP | Getty Images The U.S. Transportation Department on Tuesday said it approved electric vehicle charging station plans for all 50 states, Washington, D.C., and Puerto Rico covering roughly 75,000 miles of highways. Earlier … Read more

EV drivers in Britain see jump in public charging cost

The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of using a public, “rapid” charger on a pay-as-you-go tariff rise by 42% since May, according to … Read more

Ford’s supply chain problems include blue oval badges for F-Series pickups

A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its vehicles – the blue oval badges that don nearly every … Read more

This index is signaling that inflation already peaked and is slowing

For signs that inflation may be easing, Wall Street pros have an unlikely source — the price of used cars. The Manheim Used Car Price Index fell to 205.9 in September from 210.8 in August. Since the beginning of the year, the index has declined nearly 13%. The consumer price index paints a similar picture … Read more

Buyers are paying ‘well above sticker’

Forget getting a deal; these days, anyone in the market for a new car could pay thousands over the sticker price before they drive off the lot. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up 10% from a year ago, according to … Read more

Ford warns investors of an extra $1 billion in supply chain costs during the third quarter

2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur $1 billion more in costs than previously expected during the third quarter due to increased costs and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles … Read more