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Brembo Q1 profit rises
Italian premium brake maker Brembo has posted an 8.5% yearly increase in first quarter operating profit as revenues grew to …
Ferrari Q1 core earnings rise
Ferrari core earnings rose 13% in the first quarter helped by sales of models such as the EUR2m (US$2.2m) Daytona …
Delphi’s 500 bar GDi and Changan Auto
A specialist in premium fuel systems, aftermarket parts and electrical systems, Delphi – a brand of PHINIA Inc - has …
Higher manufacturing costs affect BMW Q1
BMW Group first quarter 2024 revenues dipped 0.6% year on year to EUR36,614m on higher sales volume and a more …
In data: India market slows, but rebound expected
The Indian automotive market experienced a robust start to the year, but this momentum slowed in March, with a notable …
Hyundai Mobis to build BEV parts plant in Ulsan
South Korean automotive components manufacturer Hyundai Mobis has agreed to invest US$90bn (US66m) to build a plant in the south …
Nio partners with BYD to take on Tesla – report
Reuters reports that Nio has made a deal with BYD to source batteries for an EV brand called “Onvo” in …
China PV sales fall 2% in April
Retail sales of light passenger vehicles in China fell 2% year on year to 1.585m units in April and 6% …
Nvidia backs UK self-driving startup Wayve
UK self-driving start-up Wayve has announced it has raised $1.05 billion with an investment round led by chipmaker Nvidia and …
Daimler Truck happy despite lower Q1 unit sales
Daimler Truck said it delivered "solid results" in the first quarter of 2024 despite lower unit sales. At EUR13.3bn, revenue was …
Toyota foresees FY25 profit decline
Toyota Motor reportedly has forecast a 20% profit decline in the current financial year ending 31 March 2025 citing looming …
Daimler truck testing BEV AV truck in US
Daimler Truck has combined battery electric drive and integrated autonomous driving technology into one semi-truck for the first time: the …
Goodyear reduces quarterly loss
Goodyear's first quarter 2024 sales were US$4.5bn with tyre unit volume totaling 40.4m. The net loss was $57m (20 cents per …
Sixt continues to reduce EVs in fleet
Europe’s largest car rental firm Sixt SE is continuing to reduce the number of electric vehicles in its fleet, Bloomberg …
Zeekr to close $367.5m IPO one day early
Chinese EV maker Zeekr will close its New York initial public offering (IPO) to raise up to $367.5 million this …