Tag: Automotive

Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month.

Tesla on Friday raised prices of certain Model Y vehicles in the United States by $1,000, according to its website.

Shares of Advance Auto Parts were trading sharply higher after the auto-parts retailer filed mixed quarterly results but issued a strong forecast.

BYD the Warren Buffett-backed company that overtook Tesla as the biggest maker of electric vehicles last year, may buy back twice as many shares as previously suggested as it tries to boost its stock price.

Li Auto stock was rising after delivering the kind of earnings that Tesla and other electric-vehicle peers needed. Growth was better than expected and more growth is coming.

Shares of Volvo Cars fell on Friday after the company said it would dilute its stake in electric vehicle maker Polestar by distributing 62.7% of its holdings to its shareholders.

Electric-vehicle startups Rivian Automotive and Lucid Group both reported fourth-quarter numbers on Wednesday evening, with guidance that came up short. 

Mercedes-Benz Group raised its dividend despite posting a decline for fourth-quarter sales and net profit, and forecast lower earnings this year on geopolitical and macroeconomic uncertainty.

Chinese electric vehicle giant BYD on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world’s largest auto market.

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company’s CEO.

Shares of French carmaker Renault rose 7% in Thursday morning trade on news of a significantly higher dividend.

In North America, Stellantis’ adjusted operating income margin fell 100 basis points year on year to 15.4%, which the auto giant said was “due primarily to production disruptions and costs related to new labor agreements.”

Αύξηση 6,7% σημείωσαν οι πωλήσεις αυτοκινήτων στη χώρα τον Ιανουάριο εφέτος, σύμφωνα με την ΕΛΣΤΑΤ.

Προσφέρουν μεγάλη αυτονομία και καλύπτουν τις ημερήσιες ανάγκες του Δήμου Περιστερίου με μία μόνο φόρτιση στην διάρκεια της νύχτας.

Nissan shares plunged over 11% in morning trade Friday, wiping around $1.8 billion off its market value.

Japan’s Honda Motor reported a sharp rise in operating profit for the December quarter and lifted its annual outlook, helped by robust sales in the United States, a more profitable product mix and a weaker yen.

Japan’s Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen and strong sales of high-margin cars and hybrid vehicles.

Ferrari  stock is up after the iconic sports car maker posted another solid quarter. It’s another reminder for investors that Ferrari isn’t really a car company.

Tesla upgraded the self-driving hardware on its Model Y car it sells in China, Elon Musk’s automaker said on WeChat on Thursday.

The group announced that it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder Geely Holding.