Tag: Automotive

BMW (BMWG) sees little relief ahead with ongoing tariff costs and intense competition in China, warning on Thursday of a moderate decline in 2026 pre-tax earnings and a stagnation in deliveries of its cars.

Shares of Chinese electric vehicle maker NIO (NIO) rose early on Tuesday after the company reported a surprise fourth-quarter profit and gave solid guidance for the first quarter of 2026.

Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition in China.

AutoZone Inc. shares plunge after the auto parts retailer reported sales that missed estimates in a quarter where winter storms disrupted business.

Ford Motor (F) said Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail.

Auto giant Stellantis on Thursday reported its first-ever annual loss after booking substantial write-downs amid a major strategic shift.

Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles.

Tariff costs are becoming unsustainable for automakers, the president of one of the largest public dealership groups said last week. Like many in the auto industry, Sonic Automotive is warning that sooner or later, prices will rise or automakers will start cutting features to stabilize costs.

Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, bolstering its plans to sell off the shipping engines unit.

Volkswagen (VOWG), opens new tab plans to cut costs by 20% across all brands by the end of 2028, Manager Magazin reported on Monday, as the German automaker looks to shore up its finances to counter the impact of higher costs, a tough Chinese market and U.S. tariffs.

German luxury car manufacturer Mercedes-Benz Group on Thursday reported a steep drop in full-year profit and warned of challenging times ahead, following a year marred by intense competition from Chinese rivals and global tariff costs.

Ford Motor (F) reported weaker-than-expected fourth-quarter earnings Tuesday evening. But the outlook for 2026 was solid despite many headwinds.

Ferrari (RACE) stock was rising on Tuesday and looked set to end a rough recent run after the Italian supercar maker reported better-than-expected earnings and issued guidance for the current year, easing investors’ fears about tighter margins.

Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification push.

Japan’s top automaker Toyota reported a 43% drop in quarterly profit Friday and announced Chief Financial Officer Kenta Kon will become its new chief executive and president.

Volvo AB said truck demand is improving in some markets as customers return after months of weak freight conditions and policy uncertainty.

General Motors (GM) raised its profit outlook for ‌2026 as it reported higher fourth-quarter core profit on Tuesday on robust sales of its large pickup trucks and SUVs, sending shares of the Detroit automaker up 4% in premarket trading.

French automaker Renault Group (RENA) said on Tuesday that its sales volumes rose 3.2% in 2025, as strong demand for its passenger vehicles, particularly overseas, helped offset a plunge in European van sales.

General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China.

Mobileye Global (MBLY) on Tuesday said it would acquire humanoid robotics startup Mentee Robotics for about $900 million, as the Israeli self-driving technology firm bets on what it sees as the next frontier of artificial intelligence.