Tag: Automotive

Chinese electric car company Nio is trying to raise the bar for premium vehicles in a fiercely competitive market.

Shares of luxury carmaker Ferrari fell sharply on Tuesday shortly after the company launched its first fully electric vehicle.

Auto parts and accessories retailer AutoZone (NYSE:AZO) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 8.4% year on year to $4.84 billion. Its GAAP profit of $38.07 per share was 5.3% above analysts’ consensus estimates.

Shares of Advance Auto Parts rose sharply Thursday after the car parts retailer reported better-than-expected earnings and sales for the fiscal first quarter.

 Stellantis (STLAM.MI),  set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models ​by 2030 – from combustion engine to fully electric vehicles – new investments ‌in technology, joint ventures with other carmakers and better use of its manufacturing capacity.

Shares of Honda Motor rose over 7% on Friday, even after the Japanese automaker posted its first annual operating loss in nearly 70 years.

Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks ahead of the sports car maker revealing its first all-electric vehicle.

Mercedes-Benz Group AG’s financial services unit filed an appeal challenging the UK’s £7.5 billion plan to compensate customers who were overcharged for auto loans.

General Motors raised its 2026 guidance after significantly beating Wall Street’s first-quarter earnings expectations following a roughly $500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies paid under President Donald Trump’s tariffs.

Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand.

Stellantis NV is teaming up with Microsoft Corp. to accelerate deployment of artificial intelligence software across its cars and operations to improve customer experience.

Used car retailer CarMax (KMX) reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and ​shrinking margins from used vehicles.

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the ​U.S. weighed on the German automaker.

A Hong Kong-listed automaker is picking up steam, just as electric car giant BYD struggles in its home market.

In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law.

 Porsche ​SE (PSHG_p.DE), announced increased investments in defence on Thursday after bearing the brunt of a drop in ‌2025 earnings at its core investments Volkswagen and Porsche AG (P911_p.DE).

Στα 31 εκατ. ευρώ διαμορφώθηκαν τα κέρδη προ φόρων τόκων & αποσβέσεων (EBITDA) για τον Όμιλο Μοτοδυναμική παρουσιάζοντας αύξηση κατά 6,4% ενώ τα λειτουργικά κέρδη είναι ελαφρώς μειωμένα (-2,2%) στα €16 εκατ. έχοντας απορροφήσει το σύνολο των λειτουργικών επενδύσεων στις καινούργιες δραστηριότητες (Toyota Autodirect και ΝΙΟ).

Αύξηση 5% στον κύκλο εργασιών του ομίλου, που διαμορφώθηκε στα 1,034 εκατ. Ιδιαίτερα θετική δυναμική στις μισθώσεις στην Ελλάδα. Στήριξη στα κέρδη από τα μερίσματα της Aegean και της Trade Estates.

Volkswagen (VOWG) reclaimed car sales dominance in China, the world’s largest auto market, in the first two months of 2026 when Toyota (7203) ​also regained ground, both overtaking local electric vehicle champion BYD (2594), ‌amid fading subsidies for greener cars.

Li Auto stock fell in premarket trading Thursday after the Chinese electric-vehicle maker reported mixed fourth-quarter results.