Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures. The reading is the last the Fed will receive before its Sept. 16-17 meeting, when policymakers are widely expected to cut their short-term rate to about 4.1% from 4.3%. Still, the new inflation data underscores the challenges the Fed is facing. Inflation remains stubborn while the job market is weakening, diverging trends that would require polar reactions from Federal Reserve policymakers to address.
You can score a much better deal after the holiday season on many items.
No one likes pulling into a gas station with no room for more cars.
LMPD posted a video of the high-end car they said has been involved in street takeovers.
Kia is fighting back against a popular TikTok trend that showed viewers how to steal cars.
Toyota Boshoku (TBA) plans to build a $225 million facility in Hopkinsville.
Ohio manufacturing employees will specialize in EV production, according to Honda.
Even as it invests billions in electric vehicles, Ford Motor Co. is also ensuring that its gas-guzzling cash cows keep rolling off the line at Louisville’s Kentucky Truck Plant for many years to come.
BOWLING GREEN, Ky. (AP) — Tours of the Corvette assembly plant are set to resume for the first time in about five years, officials said.