Tag: Automotive

Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

Honda Motor’s American unit is recalling about 2.5 million vehicles over risks of fuel pump failure that can cause an engine stall while driving and increase the chances of a crash, the National Highway Traffic Safety Administration said.

The sharp fall came after Toyota announced a recall of about a million vehicles on Thursday.

CarMax stock rose sharply after the used-car retailer reported a mixed quarter, and resumed share buybacks.

NIO shares were climbing Monday after Chinese-electric vehicle maker said it would be receiving a further $2.2 billion investment from Abu Dhabi-based investor CYVN Holdings.

The problems at General Motors ’ robotaxi business are mounting. Key personnel are leaving and hundreds are being laid off. The company said, however, that the latest shake-up was needed to improve safety and rebuild public trust.

Tesla is recalling nearly all of the vehicles it sold in the U.S., more than 2 million across its model lineup, to fix a defective system that’s supposed to ensure drivers are paying attention when they use Autopilot.

Deliveries at Chinese battery electric vehicle makers Li Auto , XPeng , and NIO set a record in November.

Cybertruck is finally here. Tesla delivered the first batch of its avant-garde pickup trucks to customers on Thursday afternoon at a live-streamed event in Austin, Texas.

BEIJING, Nov 29 (Reuters) – Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development.

General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year.

TOKYO, Nov 28 (Reuters) – Toyota Motor  and two affiliates plan to sell about 10% of components maker Denso by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said.

Η TRADE ESTATES ανακοίνωσε σήμερα ότι η “AUTOHELLAS ΑΝΩΝΥΜOΣ ΤΟΥΡΙΣΤΙΚΗ ΚΑΙ ΕΜΠΟΡΙΚΗ ΕΤΑΙΡΕΙΑ” με επιστολή της την 27 Νοεμβρίου 2023, γνωστοποίησε ότι ο συνολικός αριθμός δικαιωμάτων ψήφου στην εταιρεία, που κατέχει άμεσα, μεταβλήθηκε σε ποσοστό άνω του 10% την 23η Νοεμβρίου 2023, από 9,87% που ήταν πριν την μεταβολή.

BERLIN, Nov 27 (Reuters) – Volkswagen’s 10 billion euro ($10.9 billion) savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive.

Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week.

Tesla workers in Sweden are on strike protesting against the electric-vehicle company’s refusal to allow collective bargaining for wages and working conditions. The walkout has started to spread.

MILAN, Nov 20 (Reuters) – Fiat-parent company Stellantis will start in-depth talks with the Italian government next month to finalise a broad agreement for the country’s automotive industry, including higher domestic production targets.

OSLO, Nov 17 (Reuters) – Shares of Swedish automaker Volvo Cars fell as much as 14% to a record low on Friday after its majority shareholder, China’s Geely  sold a small part of its stake at a deep discount to the previous day’s closing price.

Advance Auto Parts stock was falling after the vehicle-parts retailer reported a surprise third-quarter loss, reduced guidance, and announced a cost-cutting initiative.

Αύξηση κατά 37% στα καθαρά της κέρδη κατέγραψε η Π. Πετρόπουλος στο εννεάμηνο του 2023, έναντι του αντίστοιχου διαστήματος του περασμένου έτους.