Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Billionaire Geely Auto head Li Shufu steps down as profit slips
Chinese billionaire Li Shufu has relinquished his role as chairman of Geely Auto, describing the planned succession as the foundation for the future sustainable growth of the country's second-largest carmaker. Li, the 63-year-old founder of the…
Auto & Transport Roundup: Market Talk
The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0808 GMT – Maersk has recorded a strong freight-rate performance this year, especially in the…
Canadian auto billionaire's fortune doubles even with US tariffs
When US President Donald Trump first targeted the Canadian auto industry with tariffs it cost Linda Hasenfratz her status as a billionaire. The majority of Hasenfratz' net worth is concentrated in Linamar Corp., the auto parts and industrial…
Geely Auto Profit Slips, Cushioned by Overseas Sales
, China's second-largest electric-vehicle maker, recorded slightly lower net profit in the first half despite a surge in overseas sales, dragged by weaker demand in its home market. Net profit fell 1.8% to 9.09 billion yuan, equivalent to $1.35…
German Carmakers Are Falling Behind in China's Brutal EV Market
This article is for subscribers only. Welcome back to Bloomberg's Auto Monitor, a weekly roundup of stories on the automotive industry from reporters around the world. Sign up now if you're not already on the list. German carmakers continue to…
Geely Auto Profit Climbs as Exports Counter Weak China Demand
Geely Automobile Holdings Ltd. 's second-quarter profit climbed 36% and met analysts' estimates as robust exports helped the carmaker weather sluggish demand in China. Net income was 4.9 billion yuan ($727 million) in the three months ended June…
Sonic Automotive: A Good Time For Long-Term Dividend Growth Investors To Pounce (SAH)
Sonic is now a $2.5 billion (by market cap) major dealership player employing more than 10,000 people. Sonic has increased its dividend for 11 consecutive years. Its 10-year dividend growth rate is 30.5%, which is obviously incredible and one of…
Geely Auto's net profit falls 1.79pc to 9.09 bln yuan, H1 sales hit record high
Geely Automobile (0175) strives for a full-year sales target of 3.45 million units after achieving record-high first-half sales, though net profit in the first half of 2026 dropped 1.79 percent year on year to 9.09 billion yuan (HK$10.58 billion).
Mafia Developer Says Comparisons to Grand Theft Auto Are an 'Internet Thing'
The Mafia video game franchise is often compared to the Grand Theft Auto games. The rivalry began when the first Mafia game came out in 2002, just a year after GTA 3. Fast forward nearly a quarter of a century and, in the run up to the release of…
Android Auto vs Apple CarPlay: What features set them apart
The differences between the iPhone and Android show up when you connect them to your car, as well. Most car manufacturers have thrown their support behind Android Auto and Apple CarPlay over the last decade, which means it's easy to carry on using…
'Grand Theft Auto 6' preorders are skewing overwhelmingly to the 'ultimate edition
Nearly 90% of preorders for Grand Theft Auto 6 are for the more expensive Ultimate edition, according to a new report. Market research company Sensor Tower told GamesIndustry.biz that a massive 89% of preorders are for the $100 (£73.75)…
BEST bus rams autos, cars in Andheri West, chain crash leaves 3 injured
In yet another mishap involving a Brihanmumbai Electric Supply and Transport (BEST) bus, an electric AC bus triggered a chain collision in Andheri West on Monday afternoon, leaving at least three people injured. The BEST bus accident occurred…
Geely founder Eric Li to step down as chair of flagship auto unit
SHANGHAI: Eric Li, founder of Chinese auto conglomerate Geely Holding, will step down as chair of its flagship unit Geely Auto, handing the role to executive director An Conghui in a major management reshuffle aimed at long-term succession…
Ingenic taps Hong Kong market to raise HK$3.2 billion for chip expansion
Beijing-based Ingenic Semiconductor has launched a Hong Kong share offering to raise up to HK$3.22 billion (US$410.4 million), joining a growing wave of mainland Chinese chipmakers tapping the city's capital markets to fund international expansion.
Best Automotive Stocks Worth Watching - August 17th
MarketBeat Week in Review – 07/06 - 07/10 Rivian Automotive, Monolithic Power Systems, Keysight Technologies, AutoZone, O'Reilly Automotive, SoundHound AI, and Ouster are the seven Automotive stocks to watch today, according to MarketBeat's…
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