Tag: Automotive

Li Auto reported strong third-quarter numbers. What’s more, the outlook for the fourth quarter was solid. That’s good for shares of Li Auto, and it’s not bad for Tesla stock either.

Nov 7 (Reuters) – Rivian Automotive raised its production forecast for the full year by 2,000 vehicles to 54,000 units on the back of sustained demand for its trucks and SUVs on Tuesday, sending its shares up 4% in volatile after-hours trading.

China’s Nio plans to trim its workforce by 10% this month as it moves to improve efficiency and reduce costs in the face of growing competition, the electric vehicle maker said on Friday.

Η Autohellas ανακοινώνει τα αποτελέσματα Εννεαμήνου 2023, παρουσιάζοντας αύξηση 34,1% στον Ενοποιημένο Κύκλο Εργασιών, ο οποίος ανήλθε σε €762,5εκ. έναντι €568,6εκ. το 2022 με κέρδη προ τόκων φόρων και αποσβέσεων (EBITDA) στα €214,2εκ. αυξημένα κατά 20,2%.

Ferrari raised its full-year guidance after profit and revenue grew in the third quarter on a better sales mix and higher demand for vehicle customization.

TOKYO, Nov 1 (Reuters) – Toyota Motor more than doubled its second-quarter profit and sharply raised its full-year outlook on Wednesday, as a weaker yen currency bolstered the impact of robust global sales.

NIO reported deliveries of 16,074 vehicles in October, up from 10,059 units delivered in October 2022. In September, NIO delivered 15,461 units

Stellantis -0.22%looks set to emerge from the six-week United Auto Workers strike with less damage than Ford Motor -1.94%and General Motors 0.51%. Overall, performance looks a little better than peers.

Ford Motor -1.65% stock is falling after third-quarter results came in light. Investors probably won’t like what’s going on in the electric-vehicle business either.

Mercedes-Benz shares fell Thursday as it reported lower profit and revenue and highlighted pricing challenges in the electric vehicle space.

BERLIN, Oct 25 (Reuters) – Porsche AG shares on Wednesday hit a one-year low since its listing last September as the carmaker warned the luxury sector was also feeling the hit of dampened consumer spending as interest rates rise.

Την 1η Νοεμβρίου θα ξεκινήσει η Δημόσια Προφορά για είσοδο στο ΧΑ. Προβλέπεται ιδιωτική τοποθέτηση από Autohellas.

General Motors beat Wall Street’s third-quarter expectations on Tuesday, as it battles through ongoing labor strikes by the United Auto Workers union.

Στα 126,5 εκατ. ευρώ ανήλθαν οι πωλήσεις του ομίλου Μοτοδυναμική στο εννεάμηνο 2023, σημειώνοντας αύξηση κατά 23,4% σε σύγκριση με την αντίστοιχη περίοδο του 2022.

Oct 23 (Reuters) – Volkswagen shares fell more than 3% to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors.

Oct 20 (Reuters) – New car sales in the European Union rose 9.2% in September, helped by a jump in sales of electric and hybrid vehicles, which together accounted for more than half of car sales last month, industry data showed on Friday.

Tesla-4.78%stock was dropping after weak earnings and downbeat comments from CEO Elon Musk. Wall Street wasn’t feeling very bullish after the report.

SHANGHAI, Oct 18 (Reuters) – Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China’s EVs face potential tariffs in the region.

BEIJING, Oct 11 (Reuters) – Car sales in China increased 4.7 percent in September from the same month a year ago, official data showed, boosted by more people buying discounted and new models ahead of key holidays.

STOCKHOLM, Oct 5 (Reuters) – Volvo Cars’ (VOLCARb.ST) sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group said on Thursday.