Electric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. Electric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. When Scott MacFiggen’s neighbor backed into his Rivian R1T pickup truck last summer, … Read more
The stock market is supposed to be efficient, discounting all available information into corporate valuations immediately. It’s pretty good at being efficient, but not everything makes sense all the time. Take the multi-trillion-dollar car industry. It isn’t easy to square how shares of different auto makers are valued. Start in the U.S. General Motors and … Read more
Ford Motor Co. sees revenue from in-car software services, like its hands-free driving feature, surging by 1,000% over the next few years. To harness that growth, the automaker on Monday said it hired Peter Stern, the former vice president of services for Apple Inc., to run a newly created technology-focused unit. Stern is tasked with … Read more