Tag: Automotive

The European Union said it hasn’t made any specific offer yet to reduce tariffs on imported US cars as it works to avoid a trade confrontation with President Donald Trump.

Bridgestone Corp. surged the most in six months after the Japanese tire maker said it’s going to buy back up to ¥300 billion ($2 billion) of its own shares.

Stellantis said on Monday it would make dual-clutch transmissions for hybrid vehicles at its Termoli plant in Southern Italy, which its joint venture ACC has earmarked for the creation of an electric vehicle battery-making hub.

Σε στρατηγική ενίσχυση του δικτύου της, προχωρά η Toyota Ελλάς με στόχο την περαιτέρω βελτίωση της εμπειρίας των πελατών και την ενδυνάμωση της θέσης της ως ηγέτιδας δύναμης στον κλάδο του αυτοκινήτου.

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

Nissan and Honda ended merger talks to forge a $60 billion carmaker on Thursday, pitching Nissan deeper into uncertainty and underlining the challenge for legacy auto companies as Chinese rivals upend the industry.

BYD shares peaked at a record high on Wednesday after the electric vehicle manufacturer announced a collaboration with AI firm DeepSeek earlier in the week.

Contemporary Amperex Technology Co. has files its application for a jumbo listing in Hong Kong that could be the city’s biggest stock offering in four years.

Porsche AG shares slid Friday after the German sports-car maker warned that profits will be hurt this year as it spends more on expanding its line-up of new cars.

Toyota Motor raised its annual earnings guidance after posting higher third-quarter net profit and said it will establish an electric-vehicle unit in China, seeking to shore up its operations in the world’s largest auto market. The Japanese carmaker said Wednesday that net profit climbed from a year earlier for the three months ended December, beating analysts’ estimates, as revenue grew.

Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a $60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it will drive a turnaround by itself.

Luxury sports car maker Ferrari said on Tuesday its revenue and core earnings would rise by at least 5% this year, supported by strong product delivery and demand for personal touches to its vehicles, having met targets for 2024.

German car-parts supplier Robert Bosch reported a slight drop in revenue for 2024 with the biggest fall in its home market, and said it aims to improve performance this year even if conditions are tough.

Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins.

Jaguar Land Rover’s Indian parent reported a lower-than-expected quarterly profit as a broader consumption slowdown in its home market hurt sales of cars as well as commercial vehicles.

General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs.

German car-parts supplier Schaeffler warned that its profitability fell short of its guidance and consensus expectations last year, the latest sign of challenges facing the European auto market.

U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties.

The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems.

The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor vehicles over reports of collisions involving the company’s hands-free driving technology, BlueCruise.