Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Peter Warren Auto flags collapse in demand after fuel price surge
Peter Warren Automotive chief executive Andrew Doyle says trading conditions are as bad as he's ever seen, after Australia's second-largest car dealership warned that profit margins collapsed in May following a rapid downturn in the market. Soaring…
AI could redefine China's EV market: Morgan Stanley
The focus of competition for Chinese electric vehicles (EVs) is shifting from prices to artificial intelligence capability, as carmakers try to manage weakening demand amid tightened regulations, according to Morgan Stanley. The push in AI would…
Capital One's Auto Loan Trends Are Quietly Improving. Why It Matters for the Stock.
Capital One (COF +0.49%) is changing its business model in a significant way following its acquisition of Discover. The key shift is that it will now issue credit cards and process credit card transactions, which generates reliable fee income.
Workers signed up to State's auto-enrolment pension scheme can opt out from next month
Hundreds of thousands of workers will be able to choose whether to stick with the State's new workplace pension scheme from next month. Almost 770,000 workers were compulsorily signed up to the new auto-enrolment scheme on January 1st. It is…
Top global stories this week: Softbank, Li Auto, Xpeng among notable names
The ceasefire news reduced energy prices and boosted US stocks, with S&P 500 and Nasdaq rising for the week. Lower-than-expected inflation rates raised hopes for ECB rate hikes, but major European indexes still posted weekly losses. Li Auto and…
O'Reilly Auto Parts Series Champion Justin Allgaier Mulls Retirement
Justin Allgaier stunned the NASCAR world this week when he publicly announced he has been mulling retirement. The 2024 O'Reilly Auto Parts Series champion has been competing in NASCAR since 2008, and he has now told Sirius XM Channel 90 during JR…
What songs do you want to see on Grand Theft Auto 6's radio stations?
I've written before about just how much I love Grand Theft Auto's radio stations. Rockstar has an incredible knack for musical curation, and there's nary been a track in those games that I haven't vibed with. Hell, I've spent most of my life as a…
Hyundai Motor, Bajaj Auto report sales growth in May
Hyundai Motor India Limited (HMIL) on Monday said its domestic wholesales (dispatches to dealers) of vehicles grew by 9 per cent year-on-year (y-o-y) to 47,837 units in May, as compared with 43,861 units in the same month last year. With exports of…
Feasibility of mobility, AI campaign pledges remains questionable
Candidates for the upcoming by-elections are presenting what industry officials describe as “unrealistic and impractical” campaign pledges, particularly in the trendy tech areas of future mobility and artificial intelligence (AI).
UAW to Strike at Key General Motors Truck Supplier Plant
Nearly 1,000 workers at a Michigan automotive supplier are set to strike, stalling the production of key parts for midsize and full-size pickup trucks. Workers at the plant in Three Rivers, Mich. are at an impasse with the company over a new labor…
Grand Theft Auto Actor Shares Bold Claim About GTA 6
A veteran voice actor and longtime Rockstar collaborator believes Grand Theft Auto 6 may face a tougher challenge than past entries in satirizing modern American culture. The concern is not new, having previously even been voiced by Rockstar…
Eurizon Capital SGR S.p.A. Purchases New Stake in O'Reilly Automotive, Inc. $ORLY
Eurizon Capital SGR S.p.A. purchased a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased…
NXP Semiconductors Turns More Optimistic as Auto Demand and Data Center Sales Improve
These 3 AI Stocks Just Crushed Earnings: Still Time To Buy? NXP Semiconductors NASDAQ: NXPI is seeing a more constructive demand environment than it did several months ago, particularly in automotive, Executive Vice President of Investor Relations…
Here's Why Micron Technology (MU) Is One of the Best Undervalued Stocks to Buy According to the Financial Media
Micron Technology, Inc. (NASDAQ: MU) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 28, DA Davidson lifted its price objective on the company's stock to $1,500 from $1,000 and kept a “Buy” rating…
Humanoid Hands Are Physical AI's Anti-Hype Test
Despite the immense hype and flashy demo videos, the humanoid robotics boom still faces a lot of challenges. Usefulness, for starters, is something they're trying to prove. Stairs can be a sneaky enemy. Even the pope has voiced concerns about their…
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