Tag: Automotive

Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest efforts to protect the domestic steel market could threaten the region’s auto sector.

Mercedes-Benz (MBGn.DE), reported declining sales for the third quarter on Tuesday, as U.S. import duties and intensifying competition in China dented the German luxury carmaker’s deliveries.

Shares of Aston Martin fell as much as 10% on Monday morning after the British luxury carmaker issued a fresh profit warning, citing a challenging industry outlook and uncertainties over tariffs.

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.

Shares of CarMax(KMX) were falling sharply Thursday after the used-car retailer reported weaker-than-expected quarterly earnings.

Shares of AutoZone(AZO) were falling Tuesday after the company missed earnings expectations for the fifth consecutive quarter.

Porsche (P911_p.DE), shares were down 7.5% by late morning on Monday after the carmaker dialled back its electric vehicle rollout and cut guidance in a costly strategy reversal prompted by weak demand.

Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025.

Ο Όμιλος Autohellas ανακοινώνει τα αποτελέσματα του 2ου τριμήνου του 2025, με τον ενοποιημένο Κύκλο Εργασιών να ανέρχεται σε €285,8 εκατ. παρουσιάζοντας αύξηση 11,6%.

Ford Motor is recalling nearly 500,000 vehicles in the U.S over a brake fluid leak issue, the National Highway Traffic Safety Administration said on Thursday.

The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor, a spokesperson for the German carmaker said on Monday, adding to pressure on the Japanese automaker’s share price.

Hertz Global Holdings (NASDAQ:HTZ) stock surged 12% Wednesday morning while Carvana (NYSE:CVNA) shares fell 5.5% following news that Hertz will begin selling its pre-owned vehicles through Amazon’s (NASDAQ:AMZN) online auto marketplace.

Τα κέρδη μετά τους φόρους ανήλθαν σε €3,88 εκατ. έναντι €3,49 εκατ. στις 30.6.2024. Στα 35,8 εκατ. ευρώ ο τραπεζικός δανεισμός.

Ford Motor (F.N), said on Wednesday that U.S. tariffs on imported vehicles, as well as on steel and aluminum, will likely cost more than expected for the year, and the automaker’s shares slid about 3% in after-market trading.

Shares in Iveco (IVG.MI), dropped as much as 6% on the Milan bourse in early market trade after the Italian truck maker sold its defence business to Leonardo (LDOF.MI), and the rest of the company to India’s Tata Motors (TAMO.NS).

Με ισχυρή αύξηση 12,7% στον κύκλο εργασιών και συνολικές πωλήσεις που άγγιξαν τα 97 εκατ. ευρώ, ολοκλήρωσε η Μοτοδυναμική το πρώτο εξάμηνο του 2025.

Stellantis (STLAM.MI), said on Tuesday it faced greater headwinds this year including a 1.5-billion-euro impact from U.S. tariffs for 2025, with operating income in the second half set to be in the low-single digits following a tough first half.

Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker’s first assessment of the damage from U.S. President Donald Trump’s trade war.

General Motors Co. on Tuesday reported adjusted second-quarter profit that rose above expectations, even as it faced $1.1 billion in tariff costs.

Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its preliminary figures.