These successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firm’s prominent bets since ...

A federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...

Worldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the ...

Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...

U.S. stock indexes rebounded on Tuesday as positive economic data calmed concerns about a recession. Reports showed a rise in new orders fo...

The Dow rises 144.24 points, the S&P 500 30.23 points and Nasdaq Composite 134.49 points. Amazon, Tesla and Nvidia rise by about 1% each, w...

Foxconn's parent company, Hon Hai Technology Group, said in a statement that it had maintained a "positive attitude" during negotiations wi...

Foxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds a roughly 8.4% ownership stake i...

Having gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...

The short position put Ackman at odds with fellow billionaire, Carl Icahn, who became the company’s biggest holder. Icahn went on to defend...

Tesla’s market value soared past $540 billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the wo...

The remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...

General Motors Co may reopen some shuttered factories because it can't produce certain vehicles fast enough, its North American president s...

Meanwhile, as expected, the United Auto Workers ratified a package of concessions designed to reduce the automaker's labor costs.

GM said the shutdowns will help control high dealer inventories and bring manufacturing in line with sales.

Industry supporters are offering such grim predictions as Congress weighs whether to bail out the nation's largest automakers, which are st...