Tag: Automotive

Tesla stock was rising in early trading Wednesday as it hiked prices on more Model Y cars.

Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe’s biggest carmaker said on Wednesday.

Shares of Fisker Inc. slumped toward a record low Monday, after the electric-vehicle maker disclosed a new financing commitment, but also said it would pause production as it deals with a pile up of inventory.

Volkswagen group deliveries fell by 1.1% in February to 605,500 vehicles, hit by a sharp decrease in China, the German carmaker said on Friday.

Πάτησε «γκάζι» η αγορά αυτοκινήτου τον Φεβρουάριο, όπως προκύπτει από τα στοιχεία που έδωσε στη δημοσιότητα η Ελληνική Στατιστική Αρχή.

Οι πωλήσεις του Ομίλου Πετρόπουλος ανήλθαν σε €213,5εκ, αυξημένες κατά 36,7% από το 2022, σύμφωνα με σχετική ανακοίνωση.

The German luxury automaker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin notched in 2023 and 2022.

Tesla stock was rising in early trading Monday, heading for an upbeat start to the week.

Rivian on Thursday introduced its smaller, less expensive electric R2 SUVs and R3 crossovers with plans to start producing the R2 at its existing U.S. factory to hasten deliveries in the first half of 2026.

Με νέο ιστορικό υψηλό (για τρίτη συνεχόμενη χρονιά) στα οικονομικά μεγέθη της έκλεισε τη χρήση του 2023 η Autohellas, καθώς ο Ενοποιημένος Κύκλος Εργασιών έφτασε το 1 δισ. ευρώ, ενώ τα Λειτουργικά Κέρδη (ΕΒΙΤ) τα 139,8 εκατ. ευρώ και τα Κέρδη μετά Φόρων τα 85 εκατ. ευρώ. Με βάση αυτά τα αποτελέσματα το δσ θα προτείνει μέρισμα 0,70 ευρώ / μετοχή.

Chinese electric-vehicle maker NIO reported weaker-than-expected quarterly earnings. 

Brandenburg police told CNBC that the incident initially looked like arson and added that it is currently investigating who is responsible.

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.