Tag: Automotive

 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.

Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks ahead of the sports car maker revealing its first all-electric vehicle.

Mercedes-Benz Group AG’s financial services unit filed an appeal challenging the UK’s £7.5 billion plan to compensate customers who were overcharged for auto loans.

General Motors raised its 2026 guidance after significantly beating Wall Street’s first-quarter earnings expectations following a roughly $500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies paid under President Donald Trump’s tariffs.

Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand.

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