Tag: Automotive

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.

New car sales in Europe rose year-on-year in November for a fifth consecutive month, helped by an increase in EV registrations in markets including Germany, Italy and Spain, data from the European auto lobby ACEA showed on Tuesday.

Shares of CarMax fell Thursday after the company beat quarterly earnings and sales expectations but said it plans to reduce margins on used cars.

The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry.

Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all electric vehicle investments, the company announced Monday.

Elliott Investment Management has lifted its stake in Toyota Industries (6201.T), to 5.01%, further increasing pressure on automotive giant Toyota Motor (7203.T), which plans to buy out the forklift manufacturer, a key group firm.

CATL  and Stellantis’, joint venture is yet to decide how many workers will come from China to construct its battery plant in Spain, the JV’s chief executive told reporters on Wednesday, after reports that the firm would bring up to 2,000.

Tesla (TSLA.O), CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

 Ο Όμιλος Autohellas ανακοίνωσε τα οικονομικά αποτελέσματα του τρίτου τριμήνου του 2025, με τον Κύκλο Εργασιών να ανέρχεται σε €286,5 εκατ.

Toyota Motor on Wednesday raised the operating profit forecast for its financial year ending in March, while flagging a 1.45 trillion yen hit from U.S. tariffs.

Ferrari topped Wall Street’s earnings and revenue targets on Tuesday, as the Italian supercar maker bids to drum up some enthusiasm from investors following an electric-vehicle reveal that didn’t go to plan.

Η Μοτοδυναμική κατέγραψε ισχυρές επιδόσεις στο εννεάμηνο του 2025, με κύκλο εργασιών €161,4 εκατ., αυξημένο κατά 11,7% σε ετήσια βάση σύμφωνα με τα οικονομικά αποτελέσματα που ανακοίνωσε.

An expensive course correction at subsidiary Porsche (P911_p.DE), dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.5 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.

Japanese automaker Mazda has teamed up with its joint venture with China’s Changan to pool carbon credits and help avoid carbon emissions fines, an EU document showed.

Shareholders must vote to pay Tesla CEO Elon Musk almost $1 trillion, or he might not stay, Board Chair Robyn Denholm warned in a letter Monday.

Ford Motor delivered another strong quarter amid a bevy of industry headwinds ranging from federal policies to supplier fires. The stock is rising.

General Motors (GM.N), lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the U.S. while confronting a weakening market for electric vehicles.

Stellantis STLA is investing in the U.S. Investors are happy.

Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030.