Tag: Automotive

Electric vehicle sales are recovering in China. That’s some good news for automotive investors starting a new month. Hybrids, however, are still outpacing all-electric vehicle sales. That can make the coming months tougher on all-electric EV giant Tesla .

Η Τακτική Γενική Συνέλευση των Μετόχων της Autohellas αποφάσισε την έγκριση προγράμματος απόκτησης ιδίων μετοχών, μέσω του Χρηματιστηρίου Αθηνών

Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.

Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples with slower growth.

Τα αποτελέσματα του α’ τριμήνου του 2024 ανακοινώνει η Autohellas, με τον ενοποιημένο Κύκλο εργασιών να ανέρχεται σε €217,1 εκατ. έναντι €221,6 εκατ. το 2023, και το EBITDA να διαμορφώνεται στα €51,5 εκατ. έναντι €47,8 εκατ. το αντίστοιχο περσινό τρίμηνο.

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.

Στο 1,518 εκατ. ευρώ ανήλθαν το α’ τρίμηνο του έτους τα καθαρά κέρδη της Πέτρος Πετρόπουλος έναντι 1,662 εκατ. ευρώ την αντίστοιχη περίοδο πέρυσι. Οι πωλήσεις του Ομίλου αυξήθηκαν κατά 29,1% και ανήλθαν σε 50,1 εκατ. ευρώ από 38,8 εκατ. ευρώ το 2023.

Li Auto stock was falling after weaker-than-expected earnings. Demand for its all-electric vehicles isn’t the main problem. Car pricing is.

Αύξηση 29,3% σημείωσαν οι πωλήσεις των αυτοκινήτων στη χώρα τον Απρίλιο εφέτος, καθώς, σύμφωνα με την ΕΛΣΤΑΤ, τον συγκεκριμένο μήνα κυκλοφόρησαν για πρώτη φορά 23.711 αυτοκίνητα (καινούργια ή μεταχειρισμένα εξωτερικού) έναντι 18.343 που κυκλοφόρησαν τον αντίστοιχο μήνα του 2023

Italian tyre-maker Pirelli said on Thursday its adjusted operating profit rose 5.8% in the first quarter of the year, as the group benefited from efficiencies.

Japan’s Nissan Motor expects to beat analyst estimates with a 5.5% rise in operating profit this fiscal year on higher global sales, it said on Thursday, while warning that intense competition and challenges from inflation would continue.

Toyota Motor forecast a 20% profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings.

Rivian Automotive stock was sliding after the company reported earnings after the close on Tuesday.

Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street targets on Monday amid slower-than-expected EV demand, sending its shares down nearly 9% in extended trading.

 Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a “very positive” start of the year.

Luxury sports car maker Ferrari has unveiled two new models, the 12Cilindri and the 12Cilindri Spider, appealing to lovers of its most powerful roaring petrol engines.

Investors like delivery results from NIO  the best of its peers. Shares were up in early trading as growth for the electric-vehicle maker accelerated.

Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects, even as net pricing held firm.

Shares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full self-driving technology in China.

Self-driving taxis won’t be a significant business for at least five years, Xpeng Vice Chairman and Co-President Brian Gu said Thursday.