Tag: Automotive

European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades.

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens.

About 6% of Nissan Motor staff in the United States have accepted early retirement packages, a company spokesperson said on Thursday, as part of the struggling Japanese carmaker’s plan to cut 9,000 jobs worldwide.

Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

The U.S. auto safety regulator said on Monday it had initiated a recall query into about 112,567 Ford SUVs over an issue with seat belt retractors.

Η εταιρεία Π. Πετρόπουλος ανακοίνωσε τα οικονομικά της αποτελέσματα για το 9μηνο του 2024. Ειδικότερα, οι πωλήσεις του Ομίλου κατά την περίοδο 1η Ιανουαρίου – 30 Σεπτεμβρίου αυξήθηκαν κατά 13,2% και ανήλθαν σε €168,1 εκατ. από €148,5 εκατ. στις 30.9.2023. Tα μικτά κέρδη αυξήθηκαν κατά 21% και ανήλθαν σε €34,6 εκατ. από €28,5 εκατ. Το ΕΒΙTDA του Ομίλου ανήλθε σε €13,1 εκατ. έναντι €12,3 εκατ. το 2023.

Στα 275,9 εκατ. ευρώ διαμορφώθηκε ο ενοποιημένος κύκλος εργασιών της Autohellas το γ’ τρίμηνο του 2024, σύμφωνα με τα αποτελέσματα που ανακοίνωσε η εταιρεία.

Volkswagen and electric-vehicle startup Rivian Automotive are partnering to create a joint venture with the aim of making electric cars more accessible. The German automaker plans to invest up to $5.8 billion in Rivian and the joint venture by 2027, the companies said on Tuesday. 

Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate the market shift toward electric vehicles.

BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years.

Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalisation.

Auto giant Stellantis on Thursday reported a 27% decline in third-quarter net revenues, but said it was making headway in addressing operational issues such as U.S. inventories.

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.

Με αύξηση 14,2% στον κύκλο εργασιών έκλεισε το ενιάμηνο του 2024 για τη Μοτοδυναμική με τις πωλήσεις να ανέρχονται σε 144,5 εκ. ευρώ, όπως ανακοίνωσε σήμερα η εισηγμένη.

Σάρκα και οστά παίρνει το Ecoshift, το επενδυτικό πρόγραμμα της εισηγμένης. Εχει ολοκληρώσει υποδομές και εγκαταστάσεις για την παραγωγή ηλεκτροκίνητων scooter NOOS και φορητών μονάδων μπαταριών αποθήκευσης ενέργειας BES 0.1.

Chinese electric vehicle maker stocks rose in Hong Kong after a report that the government will take measures to support the sector.

Ford Motor stock was down after the company reported earnings Monday evening that matched expectations. The problem was with guidance.

Porsche will pare back its dealership network in China, reflecting persisting weak demand in the world’s biggest auto market that has severely hit European carmakers and forced them to cut costs to soften the blow to profit margins.

Volkswagen is considering widespread pay cuts and layoffs as well as the closure or size reduction of its plants in Germany, the company’s works council said Monday.