Tag: Automotive

 BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles, the carmaker said on Tuesday.

Στην έκδοση retail bond έως 200 εκατ. ευρώ προχωρά η Autohellas, σύμφωνα με ανακοίνωσή της.

Mobileye stock has had a rocky start to the New Year, so far plunging 30% after the provider of autonomous driving systems provided a disappointing outlook for both the first quarter and the balance of 2024.

Self-driving technology company Mobileye Global  warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its revenue this year, sparking a selloff in the shares of auto chip suppliers.

Ακυρώθηκε τελικά για τεχνικούς λόγους το τέταρτο τμήμα του διαγωνισμού του Υπουργείου Μεταφορών που αφορούσε την προμήθεια εκατό απλών ηλεκτρικών αστικών λεωφορείων μήκους δώδεκα μέτρων και ελάχιστης αυτονομίας 135 χιλιομέτρων.

Οι εκδόσεις αφορούν τα ομόλογα που σχεδιάζουν η Autohellas του ομίλου Βασιλάκη με στόχο την άντληση έως και 200 εκατ. ευρώ και η Intralot του ομίλου Κόκκαλη με σχεδιασμό την άντληση έως 130 εκατ. ευρώ.

Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more than 10 billion yuan ($1.4 billion) to develop.

Global production for Toyota, the world’s biggest carmaker by sales, has reached an all-time annual high with one month left of 2023, in a vindication of a strategy often criticised for not putting enough emphasis on selling pure electric vehicles.

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.