Tag: Automotive

General Motors raised several key 2026 earnings forecasts Tuesday after beating Wall Street’s second-quarter expectations as the company’s North American operations continue to drive its results.

 Hyundai Motor Group on ​Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake ‌of around 10%, a move it said would help it deploy advanced robotics across its operations.

Global smartphone shipments fell 11% in the second quarter to their lowest level for the period ​since 2013, as a prolonged memory chip ‌shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research.

Rivian Automotive stock was down by more than 10% during premarket trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock.

Toyota Motor on Monday announced that it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from a plant in Mexico to its San Antonio, Texas, manufacturing campus.

 Rivian Automotive raised its annual delivery forecast on Thursday, betting on strong demand for its electric delivery vans and R1 SUVs and ​pickup trucks, as well as a boost from its newly ‌launched, more affordable model — the R2.

Auto giant Volkswagen is planning to cut 100,000 jobs and end production at four German plants over the coming years, according to a report from Manager Magazin, in a move that would represent the most radical overhaul in the firm’s 89-year history.

Hyundai Motor Group plans to buy SoftBank Group’s remaining 9.65% ​stake in Boston Dynamics for $325 ‌million to make the U.S. robotics firm a wholly owned subsidiary, South Korea’s ​Maeil Business Newspaper reported on ​Friday.

Shares in BMW tumbled to their lowest level in over 5 years on Wednesday after the German carmaker cut its 2026 profit outlook, citing a slowdown in Chinese demand and disruption caused by the Iran war.

CarMax’s fiscal first-quarter sales climbed as the used-car retailer sold more vehicles and said its turnaround strategy appears to be taking hold.

Ο Όμιλος Autohellas ανακοινώνει τα οικονομικά αποτελέσματα του πρώτου τριμήνου του 2026, με τον Κύκλο Εργασιών να ανέρχεται σε €220,9 εκατ. παρουσιάζοντας αύξηση 2% σε σύγκριση με το πρώτο τρίμηνο του 2025.

Porsche will not produce a fully ​electric version of the ‌911 sports car, Porsche CEO Michael Leiters said at an ​event hosted by ​the magazine “Auto, Motor und Sport”, ⁠news agency dpa reported ​on Wednesday.

Renault aims to cap revenue from drone manufacturing and other defence ventures at 5 per cent, highlighting the French carmaker’s cautious approach to an industry-wide pivot to military contracts.

Chrysler-parent Stellantis ​is recalling 419,035 ‌vehicles in the U.S. as a software error could ​delay the side ​air bags from deploying ⁠during a crash, the ​U.S. National Highway Traffic ​Safety Administration said on Friday

Chinese electric car company Nio is trying to raise the bar for premium vehicles in a fiercely competitive market.

Shares of luxury carmaker Ferrari fell sharply on Tuesday shortly after the company launched its first fully electric vehicle.

Auto parts and accessories retailer AutoZone (NYSE:AZO) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 8.4% year on year to $4.84 billion. Its GAAP profit of $38.07 per share was 5.3% above analysts’ consensus estimates.

Shares of Advance Auto Parts rose sharply Thursday after the car parts retailer reported better-than-expected earnings and sales for the fiscal first quarter.

 Stellantis (STLAM.MI),  set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models ​by 2030 – from combustion engine to fully electric vehicles – new investments ‌in technology, joint ventures with other carmakers and better use of its manufacturing capacity.

Shares of Honda Motor rose over 7% on Friday, even after the Japanese automaker posted its first annual operating loss in nearly 70 years.