Tag: Automotive

China’s car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market.

Suzuki Motor’s (7269.T), opens new tab suspension of production of its flagship Swift subcompact is due to China’s rare earth restrictions, two people familiar with the matter said, becoming the first Japanese automaker to be affected by the export curbs.

Toyota Motor (7203.T), will take forklift-maker Toyota Industries (6201.T), private in a $33 billion deal, the companies said on Tuesday, a landmark unwinding of cross-shareholding that is likely to strengthen the influence of the group’s founding Toyoda family.

Σε 216,6 εκατ. ευρώ ανήλθε ο ενοποιημένος Κύκλος Εργασιών της Autohellas το πρώτο τρίμηνο του 2025 με το EBITDA να διαμορφώνεται στα 48,8 εκατ. ευρώ έναντι 51,5 εκατ. ευρώ το αντίστοιχο περσινό τρίμηνο.

Ο Όμιλος Μοτοδυναμική επεκτείνει τη στρατηγική του συνεργασία με την Toyota HELLAS αναλαμβάνοντας ρόλο ςξουσιοδοτημένου Εμπόρου και στον Νομό Κυκλάδων, με κάθετη μονάδα στη Σύρο

Οι πωλήσεις του Ομίλου “Πέτρος Πετρόπουλος” αυξήθηκαν κατά 1,4% και ανήλθαν σε €50,8 εκατ. το α’ τρίμηνο του 2025, από €50,1 εκατ. το αντίστοιχο διάστημα του 2024.

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan. Volvo Cars said the 3,000 job cuts would primarily impact office-based positions in Sweden and represent around 15% of the firm’s total office-based workforce.

Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world’s largest auto industry was in an unhealthy state.

Auto-parts retailer sticks to its previous profit forecast, which didn’t include tariffs, even though its sources products from Mexico, China and Canada

Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models.

Chinese battery maker CATL is set to price its shares at HK$263 ($33.70) each and increase the size of the company’s Hong Kong listing, according to two sources with direct knowledge of the matter, raising about $4.6 billion.

One of Pony.ai’s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC.

Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs.

Τρία νέα πρότζεκτς με στόχο την επέκταση της δραστηριότητας της Μοτοδυναμική παρουσίασε χθες κατά την ενημέρωση των αναλυτών ο Πρόεδρος και διευθύνων σύμβουλος της εισηγμένης κ. Πάρης Κυριακόπουλος.

Nissan Motor will additionally slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15% of its workforce, Japan’s public broadcaster NHK reported on Monday.

Toyota Motor forecast a 21% profit decline for the current financial year Thursday, as the strain from U.S. President Donald Trump’s tariffs and an appreciating yen take some of the shine off strong hybrid demand.

BMW (BMWG.DE), expects U.S. car tariffs to decline from July, based on its contacts with U.S. officials, a more upbeat assessment of the trade situation than many rivals and leading the German luxury automaker to confirm its 2025 outlook.

Ford Motor beat Wall Street’s first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from President Donald Trump’s tariffs.

Core earnings rose 15% in the first quarter at luxury sports-car maker Ferrari on a richer product line-up and demand for personalisations, the company said on Tuesday, although it reiterated U.S. tariffs could hit profitability this year.