Tag: Automotive

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.

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