FTXR

General Motors Should Leave China, Analyst Says: 'It's A Material Drag'

General Motors lost $210 million in the first half of the year. The company plans to restructure its joint venture with SAIC General Motors Corporation in China. Bank of America analyst says GM should exit the Chinese market. The automotive giant has lost more than $200 million in China so far this year.

U.S. weekly rail traffic rises 1.4% year-over-year

U.S. Weekly rail traffic rises 1.4% year-over-year for the week ending July 20, 2024. Five of the 10 carload community groups posted a year-to-year increase. The Association of American Railroads reported U.S., Canadian and Mexican rail traffic was 480,083 carloads and intermodal units.

What's Going On With General Motors Stock Today?

GM delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026. The company reported second-quarter financial results with losses in China. GM Defense Canada has been awarded a contract by the Canadian Armed Forces. GM stock has gained over 18% in the past year.

Weekly Report: what happened at FTXR last week (0715-0719)?

What's Going On With American Airlines Stock Today?

Ford Invests $3B to Boost Super Duty Production, New Plant to Meet Surging Demand

Ford Motor Company announced plans to invest $3 billion to expand Super Duty production. The company will add a third North American assembly plant in Ontario, Canada. Ford is expanding production of its popular F-Series Super Duty trucks. The move will initially add capacity for 100,000 trucks.

U.S. weekly rail traffic rises 1.3% year-over-year

U.S. Weekly rail traffic rises 1.3% year-over-year for the week ending July 13, 2024. Five of the 10 carload commodity groups posted an increased compared with the same week in 2023. The Association of American Railroads reported that U.s. Rail traffic was 483,806 carloads and intermodal units.

What's Going On With Ford Motor Stock Premarket Thursday?

Ford Motor Company's commercial division launches the Ford Pro Smart Charging Bundle in California. The all-electric E-Transit eliminates gasoline expenses and reduces maintenance by 48%. Ford Pro’s automated demand-to-grid response pauses EV charging during high demand, reduces brownout risks.