Search

Aston Martin Lagonda, the UK's only listed carmaker, has issued a second profit warning in as many months and announced a £210 million fundraising effort. The company's shares hit a [...]

Byline: Kiran Murali The automaker's EBITDA margin, or operating profit, rose 14% on year in July-September to Rs 1,515.89 while the EBITDA margin expanded to 14.5% from 14.1% in the [...]

TLDR Tesla's Bitcoin holdings exceed $1 billion, with 11,509 BTC in possession Tesla's stock jumped 8% in after-hours trading to $350 Bitcoin hit a new all-time high of $89,560 Tesla [...]

Byline: Hans Greimel Honda saw net income plunge 61 percent in the company's most recent quarter, amid higher R&D expenses, foreign exchange headwinds and weak sales in China. Operating profit [...]

Byline: Autocar Pro News Desk The automaker's standalone revenue from operations rose 13% on year to Rs 27,553.26 crore. Mahindra & Mahindra Ltd posted a 13.2% year-on-year growth in standalone [...]

Byline: Frankie Youd Japan's Toyota Motor Corporation, the world's largest vehicle manufacturer, reported a 6% increase in consolidated revenues to JPY 23,282 billion (US$151.2bn) in the first half of the [...]

Subaru of America reported 54,552 vehicle sales for October, an increase of 1.5 % compared with the October 2023 total of 53,772. SOA also reported year-to-date sales of 548,164, a [...]

Operating results came in at EUR 2.86B vs. EUR 4.89B last year. Reports 2.12M vehicle sales in Q3 vs. 2.31M last year. 'Our nine-month results reflect a challenging market environment [...]

Reports Q3 revenue $7.59B, consensus $7.67B. Commenting on the company's financial results, chair and CEO Roger Penske said, 'I am pleased with our financial performance during the third quarter, despite [...]

LG Energy Solution has reported revenue of KRW 6.8778 trillion in Q3 2024, up 11.6 percent from the previous quarter but down 16.4 percent year-over-year. LG Energy Solution has posted [...]

The past three months have been good to Lithia & Driveway. In this week’s news release of third-quarter financial results, the global automotive retailer and finance provider reported the highest [...]

Byline: Kiran Murali Operating profit margin improved by 65 basis points to 11.7% on the back of the strong volume, pricing and moderation in input cost pressure. TVS Motor Company [...]

Byline: Kiran Murali Operating profit margin improved by 65 basis points to 11.7% on the back of the strong volume, pricing and moderation in input cost pressure. TVS Motor Company [...]

Sales of industrial robots in the UK reached a new record high with 3,830 units installed in 2023, reports the he International Federation of Robotics (IFR). The group said this [...]

Byline: Larry P. Vellequette Yes, their combined sales were down in September and the third quarter, but right now for Toyota and Lexus, it is good to be the undisputed [...]

Sales of industrial robots in the UK reached a new record high with 3,830 units installed in 2023, reports the he International Federation of Robotics (IFR). The group said this [...]

Sales of industrial robots in the UK reached a new record high with 3,830 units installed in 2023, reports IFR. The organization said this is an increase of 51 percent [...]

Ford reports Q3 total vehicles sales of 504,039, up 0.7% compared to the same quarter of last year. Ford reports Electric Vehicle sales of 23,509, up 12.2% year-over-year; Hybrid Vehicle [...]

Sales of industrial robots in the UK reached a new record high with 3,830 units installed in 2023, reports IFR. The organization said this is an increase of 51 percent [...]

Subaru of America reported 56,414 vehicle sales for September, an increase of 0.1% compared with September 2023. SOA also reported year-to-date sales of 493,612 a 5.6% increase compared with the [...]

Toyota Motor North America reported U.S. September sales of 162,595 vehicles, down 20.3% on a volume basis and down 9.9% on a daily selling rate, or DSR, basis versus September [...]

After a rough first quarter, CarMax saw its net income surge in the second quarter despite a slight slowdown in sales revenue. The behemoth used-car retailer also boosted the amount [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2024 M2 COMMUNICATIONS US-based aviation services provider AAR CORP. (NYSE: AIR) will release financial results for its first quarter of fiscal year 2025, ended August 31, 2024, after [...]

Ford reports August U.S. total vehicle sales of 182,985, up 13.4% from 161,300 in the same month of last year. Ford reports Electric Vehicle sales of 8,944, up 28.9% year-over-year; [...]

Reports Q2 revenue $2.4B, consensus $2.44B. Vehicle deliveries were 57,373 in Q2. 'In the second quarter of 2024, NIO achieved a record-breaking delivery of 57,373 premium smart electric vehicles, securing [...]

Subaru of America reported 63,053 vehicle sales for August 2024, an increase of 11.8% compared with August 2023. SOA also reported year-to-date sales of 437,198 a 6.4% increase compared with [...]

Mazda North American Operations reported total August sales of 41,259 vehicles, an increase of 36.7% compared to August 2023. With 28 selling days in August, compared to 27 the year [...]

Reports Q3 revenue $579.4M, consensus $618.69M. 'We are pleased with the results of the Specialty Vehicles segment, which delivered double digit Adjusted EBITDA margin performance in the third quarter,' REV [...]

U.S. Energy Information Administration or EIA said in part: 'The share of electric and hybrid vehicle sales in the United States increased in 2Q24 after a slight decline in 1Q24. [...]

ECD Automotive Design,a Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, reported its financial [...]

Byline: Kiran Murali The automaker reported a 36% on-year growth in its standalone profit to Rs 1,122.63 crore, primarily driven by double-digit growth in volume-led revenue and operating profit growth. [...]

Byline: Kiran Murali The New Delhi-based automaker's consolidated net profit rose 20% on year to Rs 1,101.5 crore. The share of profit from the VECV was Rs 174.6 crore, up [...]

Reports Q2 revenue $52.4M, consensus $53.75M. 'indie continues to demonstrate resilience in the face of challenging automotive market conditions,' said Donald McClymont, indie's co-founder and chief executive officer. 'We believe [...]

'For the third quarter of 2024, we expect indie's revenue to increase within the range of zero to 5 percent, or 2.5 percent at the midpoint, outpacing the projected Automotive [...]

Reports Q2 revenue RMB 1.258B vs RMB961M last year. 'We delivered another quarter of robust growth, building on our strong start to the year,' commented ECARX Chairman and CEO, Ziyu [...]

Byline: AU News Bureau Akzo Nobel India reported a 4.3% increase in its first-quarter profit, driven by heightened demand for its paint products in June ahead of the monsoon season. [...]

Ford reports July U.S. sales were down 0.2% to 173,223 vehicles versus 173,639 a year ago. Electric vehicle sales of 8,242 were up 31.2% year-over-year, hybrid vehicle sales of 16,825 [...]

Mazda North American Operations reported total July sales of 39,866 vehicles, an increase of 30.2% compared to July 2023. With 25 selling days in July, compared to the same the [...]

Ford stock plunged Thursday as the automaker missed Wall Street's earnings estimates. The downbeat quarter was driven by high warranty costs and a $1.14 billion loss in its EV division. [...]

Reports Q2 revenue RMB91.69M vs.RMB48.62M last yr. 'In Q2 we significantly strengthened our ecosystem by advancing our smart charging technologies and developing our autonomous charging robots tailored for automated charging [...]

Byline: Graeme Roberts Earnings at Tesla reportedly almost halved as discounts and price cuts piled pressure on the electric carmaker's profit margins. According to The Guardian, CEO Elon Musk blamed [...]

Byline: Laurence Iliff Lucid Motors said deliveries of its Air sedan rose 71 percent in the second quarter to 2,394 vehicles. But factory incentives also soared year over year to [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2024 M2 COMMUNICATIONS US-based aviation services provider AAR CORP. (NYSE: AIR) will release financial results for its fourth quarter of fiscal year 2024, ended May 31, 2024, after [...]

Toyota reports May U.S. electric vehicle sales were up 68.7% year-over-year to 85,335 vehicles, according to [...]

Subaru of America reported 55,228 vehicle sales for June 2024, a 0.1% increase compared with June 2023. SOA also reported year-to-date sales of 322,443, a 6% increase compared with the [...]

Toyota Motor North America reported U.S. June sales of 193,120 vehicles, down 1.2% on a volume and daily selling rate basis versus June 2023. June electrified vehicle sales totaled 84,781, [...]

Year-to-date sales totaled 202,486 vehicles sold; an increase of 10.2% compared to the same time last year. With 26 selling days in June, compared to the same the year prior, [...]