Tag: Automotive

Porsche AG shares slid Friday after the German sports-car maker warned that profits will be hurt this year as it spends more on expanding its line-up of new cars.

Toyota Motor raised its annual earnings guidance after posting higher third-quarter net profit and said it will establish an electric-vehicle unit in China, seeking to shore up its operations in the world’s largest auto market. The Japanese carmaker said Wednesday that net profit climbed from a year earlier for the three months ended December, beating analysts’ estimates, as revenue grew.

Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a $60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it will drive a turnaround by itself.

Luxury sports car maker Ferrari said on Tuesday its revenue and core earnings would rise by at least 5% this year, supported by strong product delivery and demand for personal touches to its vehicles, having met targets for 2024.

German car-parts supplier Robert Bosch reported a slight drop in revenue for 2024 with the biggest fall in its home market, and said it aims to improve performance this year even if conditions are tough.

Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins.

Jaguar Land Rover’s Indian parent reported a lower-than-expected quarterly profit as a broader consumption slowdown in its home market hurt sales of cars as well as commercial vehicles.

General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs.

German car-parts supplier Schaeffler warned that its profitability fell short of its guidance and consensus expectations last year, the latest sign of challenges facing the European auto market.

U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties.

The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems.

The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor vehicles over reports of collisions involving the company’s hands-free driving technology, BlueCruise.

Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with US agencies and will plead guilty over excess diesel engine emissions in more than 105,000 US vehicles, the company and US government said on Wednesday.

The U.S. National Highway Traffic Safety Administration said on Friday it was opening a preliminary probe into 877,710 vehicles manufactured by General Motors  after receiving reports alleging engine failure.

Polestar’s CEO said on Thursday it would take longer for the Swedish EV maker to be profitable after the company reported it sold fewer cars in 2024 than it had projected, sending the company’s U.S.-listed shares down about 9% in premarket trading.

Σταδιακή είσοδο σε μια νέα υποκατηγορία του κλάδου οχημάτων επιχειρεί η Μοτοδυναμική, καθώς μετά το Rent A Car (Sixt), τις μηχανές της Yamaha και τα αυτοκίνητα της Porsche, η εισηγμένη εταιρεία ανακοίνωσε ότι εισέρχεται σε διαπραγματεύσεις με την Toyota Hellas, με αντικείμενο τη συνεργασία για τη διανομή των προϊόντων Toyota.

BMW group sales fell slightly in 2024 as the German automaker was hit by technical issues and subdued demand in China.

Porsche has revealed a drop of more than a quarter in its deliveries to Chinese customers, as a “challenging economic situation” in the country continues to bite.

Mercedes-Benz car sales fell 3% to 1.98 million vehicles in 2024 amid a challenging global market, with top-end vehicle sales weighed by market conditions in China, model changes and weak electric-vehicle demand.

Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.