Daily 5

Wednesday, August 7, 2024

Welcome to the Daily 5

Welcome to the Daily 5, the newest digital product from your editorial team at Automotive News.

Our mission with this report is to summarize the major automotive stories of the day – and give you, our audience, an exclusive sneak peek at what's coming up the next business day. We will also give you key closing stock prices from a wide range of automotive companies that trade on Wall Street. And while this report will move into your inbox after the closing bell, we also want to provide our West Coast audience with news they need for the remainder of their workday.

We are excited to launch the Daily 5 today, and we are eager to deliver another premium digital product not available anywhere else.

— Jamie Butters, executive editor

GM invests in agile manufacturing strategy, building EVs alongside gas vehicles

The automaker has set up a flexible manufacturing strategy, with dedicated plants that build gasoline vehicles and EVs as well as plants that build both.

READ MORE >

Charging station status is inaccurate more than a quarter of the time, study says

The findings demonstrate that station reliability is often an information problem.

Investors foresee and Federal Reserve Chairman Jerome Powell hasn't ruled out a cut to the Fed's benchmark rate target in September, a move that could lower the interest rates on car loans.

Automakers will build less than two-thirds of their vehicle assembly capacity in 2030, according to GlobalData.

Cadillac caters to buyers of the ultraluxury Celestiq electric sedan with a curated design experience allowing them to select customized materials and finishes.

READ MORE >

Market Close

Winners and losers
Here are the top five winners and losers among 65 automotive companies followed by Automotive News on U.S. stock exchanges today.

Top 5 winners

Company	Yesterday's close	Today's close	Percent change
U.S. Steel Corp.	$39.86	$41.03	2.94%
Sonic Automotive	$57.57	$58.80	2.14%
Uber	$64.87	$65.54	1.03%
Avis Budget Group	$86.27	$86.93	0.77%
Lear Corp.	$109.17	$109.89	0.66%

Top 5 losers

Company	Yesterday's close	Today's close	Percent change
Luminar Technologies Inc.	$1.41	$0.88	-37.36%
Lyft	$10.97	$9.08	-17.23%
Mullen Automotive Inc.	$0.81	$0.72	-10.86%
Chargepoint Holdings	$1.76	$1.59	-9.66%
Carvana Co.	$138.95	$128.64	-7.42%

Quotes from Wed, Aug 7, 4:16 pm

Automakers
Here are today's stock trading results from 14 vehicle assembly companies trading on U.S. stock exchanges.

Automakers

Company	Yesterday's close	Today's close	Percent change
Ford Motor Co.	$9.78	$9.77	-0.10%
General Motors	$40.61	$40.65	0.10%
Honda	$29.60	$29.65	0.17%
Lucid	$3.09	$2.91	-5.83%
Polestar	$0.67	$0.63	-5.74%
Rivian	$14.80	$13.79	-6.86%
Stellantis	$15.57	$15.39	-1.16%
Tesla	$200.64	$191.76	-4.43%
Toyota Motor	$169.60	$167.18	-1.43%
VinFast Auto Ltd.	$3.78	$3.61	-4.50%