Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's auto industry is faster, cheaper and better. Here's how the West can close the gap
When Covid ended and the blanket lifted, Western auto executives got the shock of their careers. China hadn't just kept pace — it had made a quantum leap. Now, sales are slowing, tariff costs are biting, and war is pushing gas prices higher.
Chinese carmakers piling pressure on UK rivals, auto industry chief says
LONDON, July 30: A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, the head of the country's main automotive industry…
Rivian Automotive 2Q Loss Narrows, Revenue Rises, Helped by R2 Launch
The electric car maker reported a net loss of $837 million, or 63 cents a share, compared with a loss of $1.12 billion, or 97 cents a share, a year earlier. Revenue rose 27% to $1.66 billion, compared with analyst estimates of $1.52 billion…
Rivian Automotive: Q2 Earnings Snapshot
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $833 million in its second quarter. On a per-share basis, the Irvine, California-based company said it had a loss of 63 cents.
Sonic Automotive: Q2 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Thursday reported second-quarter earnings of $57.4 million. The Charlotte, North Carolina-based company said it had net income of $1.79 per share. Earnings…
Porsche To Cut Over A Third Of German Jobs As Auto Crisis Deepens
Porsche is preparing to cut more than one in three jobs in Germany under a cost-cutting measure intended to protect its remaining workforce and existing production sites until 2035. The Stuttgart-based sports car manufacturer will eliminate a…
Group 1 Automotive: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Group 1 Automotive Inc. (GPI) on Thursday reported second-quarter profit of $103.3 million. The Houston-based company said it had profit of $8.64 per share. Earnings, adjusted for one-time gains and…
Qualcomm's Automotive Growth Supports The Buy Case (NASDAQ:QCOM)
Qualcomm remains a buy, trading at 12.9x forward GAAP earnings, well below sector and historical averages, despite cyclical handset weakness. QCT's pivot to automotive and IoT is accelerating, with combined revenues up 61% and 9% year-over-year…
Sensex, Nifty Rebound on Bargain Buying; IT, Auto Sectors Lead Gains
Indian benchmark equity indices staged a significant rebound on Thursday, with the Sensex gaining 273.55 points and the Nifty closing above 24,300, as bargain hunting and short-covering propelled a broad-based rally led by the IT and auto sectors.
Nifty Auto Surges Over 1.5% After M&M Reports 7% Surge In Q1 Net Profit
Ahead of Hyundai Motor India's quarter ended June results and after Mahindra and Mahindra (M&M) posted solid Q1 numbers, Nifty Auto surged 1.78% in trade on Thursday, July 30, to hit the 28,321.60 mark. Mahindra & Mahindra posted higher quarterly…
This unexpected Android Auto app turned my commute into my most productive hour
When Adobe Acrobat showed up on Android Auto, I assumed it was one of those apps that had no place in a car. After all, who wants to read PDFs while driving? However, I had the wrong idea. Acrobat turns compatible PDFs into audio you can control…
A bill to crack down on Chinese cars could shut Mercedes-Benz out of American markets
A bill advancing in the Senate to crack down on Chinese cars could end up barring some European favorites from the U.S. market. Last week, the Senate Commerce, Science, and Transportation Committee unanimously advanced the Connected Vehicle…
Exclusive-Ford CEO tells employees Chinese automakers could enter US market in next decade
DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the next five to 10 years, even though…
'from stray cat to famed employee': Diesel the stray cat makes auto repair shop his home and becomes everyone's favorite car mechanic
Nobody applied on Diesel's behalf. Nobody dropped a resume. The system just looked at a random garage, looked at a random stray, and went 'yeah, that tracks,' and dropped him right into the one workplace where he'd fit in without anyone noticing…
Top Automotive Stocks To Keep An Eye On - July 30th
Monolithic Power Systems: AI Stock Beat, Raised and Upgraded Post-Earnings Monolithic Power Systems, O'Reilly Automotive, AutoZone, Illinois Tool Works, Rivian Automotive, Lithia Motors, and Keysight Technologies are the seven Automotive stocks to…
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