Tag: Automotive

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.

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.