Tag: Automotive

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.

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.