4 takeaways from Tesla’s Q2 earnings as profit plunges

25July 2024

4 takeaways from Tesla’s Q2 earnings as profit plunges

Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in...

25July 2024

STMicro cuts full-year outlook for second time

STMicroelectronics cut its full-year revenue and margins guidance for a second time this year on...

25July 2024

Tesla, Fiat, Dacia gain from Italy CO2 incentives

Italy’s eco bonus benefits battery-electric vehicles, hybrids as well as fuel-efficient combustion cars....

25July 2024

Stellantis awaits first shipment of Leapmotor cars from China

Sales of the T03 small EV and C10 midsize SUV from Stellantis’ “15th brand” are set...

25July 2024

Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results

Stellantis is counting on lower production, price cuts and new model launches to reverse plunging...

25July 2024

CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit

Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in...

25July 2024

Volvo softens EV-or-bust strategy as hybrids show promise

Some Volvo dealers fear the consequences of sticking to the 2030 target as EV growth...

25July 2024

Toyota weighs 4-day workweek in sweeping overhaul of office life

The possible change in Japan is part of a sweeping rethink of office life meant...

25July 2024

Hyundai posts record Q2 profit on strong U.S. sales

Sales in the U.S., Hyundai’s biggest revenue-generating market, edged up 2.2 percent as high-margin SUV...

25July 2024

CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit

Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in...

25July 2024

Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales

Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial...

25July 2024

Stellantis earnings nearly halve on weak U.S. shipments

The results add to the pressure for CEO Carlos Tavares to reverse a decline in...

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