Alger Small Cap Focus Fund Class C (VWAGY)

Chinese autonomous driving company Pony AI Inc and Tencent Holding will collaborate to develop technology and deploy robotaxi services on WeChat and other apps.

Uber Technology shares climbed 5.9% to settle at $78.10 during the Thursday session following news of a partnership with Volkswagen.

Volkswagen and Uber announced a partnership to deploy self-driving vehicles in the US, with first launch in LA by 2026. Other recent deals also noted.

Uber stock was pushing higher Thursday after the company announced a robotaxi partnership with Volkswagen Group of America.

The company aims to push battery technology to new frontiers, but things have not gone well for investors.

The U.S. automaker’s market share in the EU, European Free Trade Association, and the UK put together subsequently fell to 2% in March from 2.9% in the corresponding month of 2024.

Mobileye reported a quarterly revenue growth of 83% year-on-year to $438 million, beating the analyst consensus estimate of $435.2 million.

BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.

NAFA Announces Lineup for 2025 Indoor EV Test Track and Ride & Drive Experience at I&E

The maker of solid-state batteries could be a contrarian play at these levels.

Elon Musk issued a warning over attacks on Tesla, Harley-Davidson faced boardroom turmoil, Tesla launched a new Cybertruck trim, U.S. EV sales rose 10.6%, and Volkswagen reported strong EV growth in Europe.

Volkswagen accelerates EV sales in Europe as Audi recalls 44K cars amid lingering U.S. tariff concerns.

BMW’s sales increased by 6.2% in Europe and 4% in the U.S. but fell by 17.2% in China.

The company said sales rose across North America, South America, and Europe, but fell by 7% in China.

The startup wants to crack the formula for building a $25,000 two-seat EV, something established U.S. players like Tesla and Rivian have yet to achieve.

Despite market challenges, Ford has long been considered a strong long-term investment due to its reliable dividend payments.

Tesla (NASDAQ: TSLA) announced details of its first-quarter production, deliveries, and deployment, causing a 32% plunge in stock year-to-date.

XPeng delivered 33,205 Smart EVs in March, a 268% growth, and 94,008 in Q1 2025, a 331% increase. NIO delivered 15,039 vehicles, a 26.7% growth.

Auto stocks drop as Trump shrugs off concerns over car prices following announcement of new tariffs on imports. Concerns over supply chains & demand.