Tag: Automotive

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.

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.