Tag: Automotive

Stellantis NV is teaming up with Microsoft Corp. to accelerate deployment of artificial intelligence software across its cars and operations to improve customer experience.

Used car retailer CarMax (KMX) reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and ​shrinking margins from used vehicles.

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the ​U.S. weighed on the German automaker.

A Hong Kong-listed automaker is picking up steam, just as electric car giant BYD struggles in its home market.

In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law.

 Porsche ​SE (PSHG_p.DE), announced increased investments in defence on Thursday after bearing the brunt of a drop in ‌2025 earnings at its core investments Volkswagen and Porsche AG (P911_p.DE).

Στα 31 εκατ. ευρώ διαμορφώθηκαν τα κέρδη προ φόρων τόκων & αποσβέσεων (EBITDA) για τον Όμιλο Μοτοδυναμική παρουσιάζοντας αύξηση κατά 6,4% ενώ τα λειτουργικά κέρδη είναι ελαφρώς μειωμένα (-2,2%) στα €16 εκατ. έχοντας απορροφήσει το σύνολο των λειτουργικών επενδύσεων στις καινούργιες δραστηριότητες (Toyota Autodirect και ΝΙΟ).

Αύξηση 5% στον κύκλο εργασιών του ομίλου, που διαμορφώθηκε στα 1,034 εκατ. Ιδιαίτερα θετική δυναμική στις μισθώσεις στην Ελλάδα. Στήριξη στα κέρδη από τα μερίσματα της Aegean και της Trade Estates.

Volkswagen (VOWG) reclaimed car sales dominance in China, the world’s largest auto market, in the first two months of 2026 when Toyota (7203) ​also regained ground, both overtaking local electric vehicle champion BYD (2594), ‌amid fading subsidies for greener cars.

Li Auto stock fell in premarket trading Thursday after the Chinese electric-vehicle maker reported mixed fourth-quarter results.

BMW (BMWG) sees little relief ahead with ongoing tariff costs and intense competition in China, warning on Thursday of a moderate decline in 2026 pre-tax earnings and a stagnation in deliveries of its cars.

Shares of Chinese electric vehicle maker NIO (NIO) rose early on Tuesday after the company reported a surprise fourth-quarter profit and gave solid guidance for the first quarter of 2026.

Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition in China.

AutoZone Inc. shares plunge after the auto parts retailer reported sales that missed estimates in a quarter where winter storms disrupted business.

Ford Motor (F) said Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail.

Auto giant Stellantis on Thursday reported its first-ever annual loss after booking substantial write-downs amid a major strategic shift.

Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles.

Tariff costs are becoming unsustainable for automakers, the president of one of the largest public dealership groups said last week. Like many in the auto industry, Sonic Automotive is warning that sooner or later, prices will rise or automakers will start cutting features to stabilize costs.

Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, bolstering its plans to sell off the shipping engines unit.

Volkswagen (VOWG), opens new tab plans to cut costs by 20% across all brands by the end of 2028, Manager Magazin reported on Monday, as the German automaker looks to shore up its finances to counter the impact of higher costs, a tough Chinese market and U.S. tariffs.