Tag: Automotive

AutoZone easily beat earnings and sales estimates for its fiscal fourth quarter but the stock was falling after sales in the company’s domestic commercial division came up short.

The United Auto Workers returned to the bargaining table with Detroit auto makers Saturday after union leaders took the day Friday to join picket lines at three plants where workers are on strike.

United Auto Workers President Shawn Fain announced a targeted strike plan Wednesday if the union decides to walk out at General Motors, Ford and Stellantis after a contract expiration late Thursday.

The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen.

Tesla  as an artificial intelligence stock is picking up steam on Wall Street.

China’s passenger vehicle sales jumped 2.2% in August from a year earlier, data from the China Passenger Car Association (CPCA) showed on Friday.

Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the companies said Thursday.

The IAA in Munich, Germany is one of Europe’s most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent.

Hyundai Motor Group (005380.KS) and LG Energy Solution (373220.KS) will boost their joint investment in a Georgia battery manufacturing plant by $2 billion and add 400 additional jobs, the companies and the state said Thursday.

Chinese electric-vehicle delivery numbers were released just as September begins. They are key for many EV makers, including leaders Tesla +0.46% and BYD 1211 +0.41% . They are also key for investors who want to see strong demand.

Chinese electric vehicle producer NIO  has set a date for the launch of its own phone. It’s a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue. 

Second-quarter results from Chinese electric vehicle start-up NIO +1.75% were worse than expected. The stock wasn’t taking much of a hit in early trading though because the third quarter is looking much better.

Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit.

Mobileye  picked up more self-driving car business on Friday as the EV start-up Polestar Automotive  selected the company to provide the “Mobileye Chauffeur” on its Polestar 4. The price point is worth noting.

Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.

Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources.

Chinese EV maker Xpeng expects cost cuts and its Volkswagen partnership to boost the firm’s bottom line, its co-president told CNBC on Monday.

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in premarket U.S. trade.

French car parts company Valeo announced on Friday an agreement to sell its propulsion systems business in Russia to Russian company NPK Avtopribor.

Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday.