Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
5 risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Top five risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Porsche waters down EV ambitions, says transition will take "years"
German automaker is latest to warn that goals set in recent years for future EV sales were too ambitious as customers remain reticent to make the switch away from gasoline-powered cars......»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»
NHTSA investigates Stellantis over engine stalling concerns
NHTSA is investigating the 2022 Ram 1500 pickup and Jeep Wagoneer crossover over concerns related to Fiat Chrysler Automobile's 5.7L Hemi eTorque system. Consumers have reported engine stalling and loss of power......»»
New Ally CEO Michael Rhodes says he"ll play to bank"s auto strength
Ally Financial's new CEO Michael Rhodes said during the second-quarter earnings call July 17 that he would continue to prioritize Ally strengths such as its auto business rather than "emerging opportunities.".....»»
Stellantis paid $190.7 million in U.S. fuel economy penalties
Stellantis paid $190.7 million in U.S. fuel economy penalties and owes another $459.7 million in outstanding penalties according to government documents......»»
Volvo EX90 might be delivered to customers without key features
The automaker is telling customers that some functions in its flagship electric SUV may have to be added later via over-the-air update......»»
Ram confronts tornadoes in new ‘Twisters" film, ad campaign
Ram trucks are featured in the movie, which opens at theaters July 19, and Stellantis has created an ad campaign that will run on TV, Ram's YouTube channel and social platforms......»»
iPhone 16 may not see super cycle after all, according to analyst report
Earnings calls from key iPhone suppliers suggest iPhone 16 isn't being ordered in any greater quantity than iPhone 15, bringing the rumored Apple Intelligence spurred super cycle into question.iPhone 16 Analysts have been connecting the dots since WW.....»»
Stellantis recalls 24,000 hybrid minivans for fire risks, urges owners to park outside
The company said it is aware of seven incidents that occurred when the vehicles were turned off and some occurred while recharging......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattack
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Stellantis eyes old golf course for massive parts warehouse in Michigan
The automaker is planning to consolidate aging warehouses in the region, including those in Centerline, Warren and Marysville, into a “mega hub,” as called for in its 2023 labor deal with the UAW......»»
Why American Honda expects to grow faster in the U.S. than the industry this year
The Japanese automaker expects U.S. growth on returning brand loyalists and consumers sidelined during the pandemic......»»
Stellantis sues another supplier it says withheld parts to extract price increase
Stellantis NV has filed another lawsuit against a parts supplier over a pricing dispute, this time targeting the manufacturer of fuel tanks for the Chrysler Pacifica minivan. The automaker sued Quebec-based Spectra Premium Mobility Solutions Ltd......»»
AutoNation: CDK cyberattack will reduce Q2 2024 earnings by $1.50 per share
AutoNation said this impact would be split about evenly between lost income and guaranteeing commissioned employees' pay......»»
Researchers ask English footballers about the traumatic impact of racial abuse—their answers are sobering
Despite the disappointing outcome of the 2024 men's Euros final for England, it's a relief that none of the team's ethnic minority players could easily be targeted for the result. However, the horrific racist abuse experienced by three of England's s.....»»