Tag: Automotive

Chinese EV giant BYD launches new plug-in hybrid sedan with lower starting price

Chinese electric vehicle giant BYD on Monday launched a new version of its plug-in hybrid sedan Qin Plus DM-i with a lower starting price, doubling down on price cuts to stay competitive in the world’s largest auto market.

Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company’s CEO.

Renault shares up 7% as carmaker plans dividend hike

Shares of French carmaker Renault rose 7% in Thursday morning trade on news of a significantly higher dividend.

Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite

In North America, Stellantis’ adjusted operating income margin fell 100 basis points year on year to 15.4%, which the auto giant said was “due primarily to production disruptions and costs related to new labor agreements.”

ΕΛΣΤΑΤ: Αύξηση 6,7% στις πωλήσεις των αυτοκινήτων τον Ιανουάριο του 2024

Αύξηση 6,7% σημείωσαν οι πωλήσεις αυτοκινήτων στη χώρα τον Ιανουάριο εφέτος, σύμφωνα με την ΕΛΣΤΑΤ.

Πέντε ηλεκτρικά λεωφορεία της BYD παραδόθηκαν στον Δήμο Περιστερίου

Προσφέρουν μεγάλη αυτονομία και καλύπτουν τις ημερήσιες ανάγκες του Δήμου Περιστερίου με μία μόνο φόρτιση στην διάρκεια της νύχτας.

Nissan shares plunge over China demand worries

Nissan shares plunged over 11% in morning trade Friday, wiping around $1.8 billion off its market value.

Honda lifts annual profit outlook after strong Q3

Japan’s Honda Motor reported a sharp rise in operating profit for the December quarter and lifted its annual outlook, helped by robust sales in the United States, a more profitable product mix and a weaker yen.

Toyota hikes annual profit forecast after Q3 beats expectations

Japan’s Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen and strong sales of high-margin cars and hybrid vehicles.

Ferrari Stock Races Higher on Earnings. It’s a Luxury Brand, Not a Car Company.

Ferrari  stock is up after the iconic sports car maker posted another solid quarter. It’s another reminder for investors that Ferrari isn’t really a car company.

Tesla upgrades Model Y in China as BYD competition heats up

Tesla upgraded the self-driving hardware on its Model Y car it sells in China, Elon Musk’s automaker said on WeChat on Thursday.

Volvo shares jump 20% on higher sales, plans to stop Polestar funding

The group announced that it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder Geely Holding.

Tesla Stock Is Falling. Sell It Now, Says Analyst.

Tesla stock was falling early Wednesday after a Delaware court late Tuesday voided CEO Elon Musk’s pay package, which awarded him some $300 million performance-based options. An analyst’s call to sell the stock isn’t helping either.

GM beats Wall Street estimates, forecasts continued strong profit in 2024

General Motors beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds.

Musk Is Buying AMD’s Chips for Tesla. Earnings Can Bolster Its AI Credentials.

Advanced Micro Devices got a show of support last week when Elon Musk said he would buy its chips to power artificial-intelligence efforts at Tesla. Wall Street is betting its earnings will provide further proof of AMD’s AI chip potential.

Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024

Tesla reported revenue growth of 3% in the fourth quarter, trailing estimates.

Autohellas: Υπερκαλύφθηκε 2,3 φορές το ομόλογο – Στο 4,25% η απόδοση

Στο 4,25% διαμορφώθηκε εν τέλει η απόδοση του ομολόγου της Autohellas. Σημειώνεται επίσης ότι η εταιρεία άντλησε κεφάλαια ύψους €200 εκατ.

Λήγει σήμερα η δημόσια προσφορά για το ομόλογο 200 εκατ. ευρώ της Autohellas

Σήμερα είναι η τελευταία μέρα της δημόσιας προσφοράς για την έκδοση πενταετούς διάρκειας ομολόγου ύψους έως 200 εκατ. ευρώ που στοχεύει να αντλήσει η Autohellas.

Tesla slashes car prices across Europe after similar cuts in China

Tesla has trimmed prices for its Model Y cars across Europe, not long after announcing similar price cuts for its Model 3 and Model Y vehicles in China.

Πρεμιέρα για το ομόλογο της Autohellas – Ξεκινά η δημόσια προσφορά

Ξεκινά σήμερα, Τετάρτη 17 Ιανουαρίου 2024 και ολοκληρώνεται την Παρασκευή 19 Ιανουαρίου 2024 η δημόσια προσφορά των εταιρικών ομολογιών της «Autohellas Α.T.E.Ε.». Το ομόλογο που θα εκδώσει η εισηγμένη είναι 5ετούς διάρκειας με στόχο τη συγκέντρωση κεφαλαίων 150 εκατ. ευρώ – 200 εκατ. ευρώ, ενώ το εύρος επιτοκίου ορίστηκε μεταξύ 4,25% και 4,6%.