Tag: Automotive

Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline.

Shares of French carmaker Renault plunged as much as 17% on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.

German carmaker Mercedes-Benz (OTC:MBGAF) said on Monday its second-quarter unit sales of cars and vans fell 9%, citing the impact of tariffs.

Wednesday evening, the Lucid reported second-quarter sales of 3,309 vehicles, up 38% year over year, a record for any quarter. For the first half of the year, Lucid deliveries totaled 6,418, up almost 50%.

Shares of QuantumScape soared after the company said it made a big leap forward in its process for making solid-state batteries. The stock was up 21% at $5.23 after hours. The stock closed the down 17% year-to-date through Tuesday.

Ford is recalling 132,914 Aviator SUVs in the United States because parts, including rear door window bars, may detach due to insufficient adhesive retention, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday.

CarMax Inc. shares are up 9.7% in premarket trading on Friday after the used-car retailer’s first-quarter profit topped Wall Street’s estimates, boosted by better-than-expected sales. CarMax’s profit of $1.38 a share beat the FactSet consensus estimate of $1.16 a share. Revenue rose to $7.55 billion from $7.11 billion and beat the analyst estimate of $7.51 billion.

Stellantis has asked for 82,000 Citroen C3 and DS3 vehicles in France with faulty Takata airbags to be removed from roads, a company spokesperson said on Thursday, one week after a woman in Reims died from injuries sustained by one of the airbags in a 2014 Citroen C3.

Nissan Motor (7201.T), CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault (RENA.PA), the Nikkei business newspaper reported on Monday.

Στην γενική συνέλευση της ΜΟΤΟΔΥΝΑΜΙΚΗ ΑΕΕ ο Πάρης Κυριακόπουλος, Πρόεδρος και CEO του Ομίλου ανακοίνωσε στους μετόχους την νέα συνεργασία με την ολλανδική εταιρία «NIO NEXTEV EUROPE HOLDING B.V.» για τη διανομή στην Ελλάδα, τη Βουλγαρία και την Κύπρο οχημάτων και αξεσουάρ που φέρουν τα εμπορικά σήματα «ΝΙΟ» και «firefly».

Chinese electric vehicle manufacturer Xpeng (NYSE:XPEV) is developing advanced chips for Volkswagen (ETR:VOWG_p) cars, according to the Financial Times on Thursday.

China auto stocks rose Wednesday after major car companies committed to shortening payment terms for suppliers amid an intensifying price war in China’s auto market.

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.