News
Costco Fuel Sales Reach Record Volume Amid High Gas Prices
3+ hour, 41+ min ago (238+ words) Costco generated a record-breaking volume of sales in its gasoline business during the third quarter as soaring fuel prices prompted budget-conscious Americans to visit warehouse pumps, as reported by Detik Finance. The budget-friendly retailer leverages its $65 annual membership program to…...
Ford Motor Company Launches Ford Energy to Power Future Data Centers
12+ hour, 41+ min ago (359+ words) Long-term investors often remain cautious about placing capital into the automotive sector due to its narrow profit margins, high capital requirements, and vulnerability during economic recessions. However, Ford Motor Company offers a steady dividend payout and frequently distributes supplemental dividends…...
Ferrari Luce EV Reveal Sends Company Stock Tumbling After Papal Inspection
22+ hour, 50+ min ago (261+ words) Ferrari N. V. shares listed on the New York Stock Exchange tumbled nearly 5 percent during after-hours trading on Tuesday following the reveal of its new Luce EV, as reported by Detik Finance. The strategy shift by the Italian automaker included a first-hand…...
Elon Musk Considers Merging Tesla and Space X to Expand AI Control
14+ hour, 5+ min ago (225+ words) Tesla has recorded a strong market recovery after hitting a multi-month low earlier this spring. The electric vehicle manufacturer has surged over 30% since early April, with shares trading near $440 as reported by Detik Finance. Much of the current investor optimism…...
Wisconsin DMV Revokes Licenses of Multiple Wholesale Vehicle Dealers
21+ hour, 33+ min ago (196+ words) Harian Basis. co The Wisconsin Department of Transportation Division of Motor Vehicles permanently revoked the wholesale dealer licenses of multiple automotive businesses across several cities on May 17, 2026. State officials issued the revocations following the businesses' failure to maintain required dealer…...
Toyota Cancels Lexus Electric Saloon Project to Focus on SUVs
16+ hour, 31+ min ago (422+ words) Toyota has halted the development of an upcoming Lexus electric vehicle, redirecting its resources toward sport utility vehicles and alternative body styles. This strategic shift comes in response to decelerating momentum across the global electric vehicle sector. As reported by…...
Middle East Conflict Triggers Looming Motor Oil Supply Shortage
19+ hour, 42+ min ago (410+ words) A severe supply chain crisis is heading toward consumers at the pump and automotive repair shops as the ongoing conflict impacts routine vehicle maintenance. According to reports from Detik Finance, global geopolitical tensions have severely strained the availability of critical…...
Tesla's Growth Engines: Self-Driving Vehicles, Robots, and Potential Space X Merger
17+ hour, 47+ min ago (234+ words) Harian Basis. co Tesla's Growth Engines: Self-Driving Vehicles, Robots, and Potential Space X Merger Seven is Tesla. When we think of Tesla, we think of cars, but we really should be thinking about self-driving vehicles and robots, which will be…...
Why Electric Vehicle Stocks Are Not Traditional Auto Stocks
18+ hour, 20+ min ago (293+ words) Don't confuse electric vehicle (EV) stocks with traditional automotive stocks. In my view, most conventional auto stocks are akin to most manufacturing businesses. That means high capital expenditures (capex), exposure to shifting consumer trends, and growth rates that mirror the…...
International Energy Agency Forecasts Surge in Global Electric Vehicle Sales
20+ hour, 57+ min ago (371+ words) The International Energy Agency projected in a report released this week that global electric vehicle sales will hit 23 million in 2026, accounting for approximately 28 percent of all new cars sold worldwide. This forecast indicates that electric vehicle sales continue their ascent…...