Tag: Automotive

Chinese electric-vehicle maker NIO  reported a narrower quarterly loss, thanks to robust deliveries and its premium positioning, and signaled that momentum was building despite a tepid start to the third quarter.

Nissan Motor Co. and Honda Motor Co. have signed a joint development agreement to standardize electronic control units (ECUs) and software for their next-generation software-defined vehicles (SDVs), according to a statement released Aug. 31, 2026.

BYD’s profits rose for the first time in five quarters with its recovery driven by booming sales in international markets despite a sharp slowdown in China.

Volkswagen CEO ​Oliver Blume faces fresh opposition to his restructuring plan at the carmaker’s supervisory board meeting next week, with two rival ‌proposals submitted by labour and state government stakeholders, sources told Reuters on Tuesday.

Hyundai Motor said on Wednesday it would launch or ​refresh more than 100 vehicles globally by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker seeks to lift its operating profit margin ‌above 9%.

Tesla on ​Tuesday raised prices for two variants of its ‌Cybertruck pickup trucks by $5,000 in the United States.

XPeng shares slipped in U.S. premarket trading Monday after the Chinese EV maker reported second-quarter results that missed analyst expectations on both revenue and earnings. Alongside the latest results, the company also disclosed a major new funding round for its robotics business.

Tesla Inc. and at least eight other carmakers are recalling millions of vehicles in China over safety concerns with their door handles, a major step to address a problem of vehicle entrapment that has had deadly consequences.

Shares of Advance Auto Parts tumbled Thursday after the auto-parts retailer reported that same-store sales decreased in the second quarter as consumers cut back on spending.

Mπορεί το κυκλοφοριακό να αποτελεί για τους κατοίκους της πρωτεύουσας ένα από τα πλέον σημαντικά προβλήματα της καθημερινότητας, αυτό όμως δεν σημαίνει ότι ξαφνικά οι Ελληνες άρχισαν να αγοράζουν πολλά αυτοκίνητα.

Nissan Motor reported first-quarter operating profit of ¥79.9 billion with an operating margin of 2.6%, marking a return to profitability for the Japanese automaker. The market had expected results near breakeven levels.

Rivian Automotive just reported what could be considered its most important quarter ever. It went well enough to lift the stock, at least for now.

Stellantis reported second-quarter net profit of €293 million on Thursday, swinging from a net loss of €1.87 billion in the same period a year earlier, as rising North American sales bolstered the company’s turnaround effort. Stellantis stock fell more than 8% before paring losses to around 5%.

Ferrari is bumping up its 2026 guidance after beating Wall Street’s second-quarter expectations amid healthy demand for the famed Italian sports car brand’s products.

 Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates.

Chinese battery giant CATL reported stronger-than-expected second-quarter profit, ‌driven by robust growth in its energy storage business that helped offset softer demand in the electric vehicle market.

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.