Tag: Automotive

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.

Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012.

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

General Motors on Tuesday raised its 2024 guidance after beating Wall Street’s top- and bottom-line expectations for the first quarter.

Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan.

Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.

Η Autohellas ανακοίνωσε την Πέμπτη ότι σύμφωνα με την απόφαση της Τακτικής Γενικής Συνέλευσης των μετόχων της, την 18η Απριλίου 2024, το μέρισμα της χρήσης 2023 καθορίστηκε σε 0,70 Ευρώ ανά μετοχή.

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January.

Tesla stock fell Monday as investors digested news about potential production problems and potential layoffs amid slowing growth for electric vehicles and rising geopolitical tensions.

 Pre-owned vehicle retailer CarMax missed analysts’ estimates for fourth-quarter profit and revenue on Thursday, hurt by decreased profitability from units sold, sending its shares down as much as 13% in premarket trading.

Tesla stock briefly dived in midday trading Friday after Reuters reported the electric-vehicle company wouldn’t build the lower-priced all-electric vehicle Wall Street refers to as the Model 2.