BEIJING (Reuters) – Chinese automaker Great Wall Motor and China’s leading telecoms providers are integrating the AI model released by DeepSeek into their offerings, the latest Chinese companies looking to capitalize on the start-up’s breakthrough and attention. Hebei-based Great Wall – China’s first listed car maker – confirmed to Reuters it had integrated DeepSeek into… Continue reading Amid DeepSeek frenzy, Chinese companies detail use of AI
Author: Yarhow_Finance Online News
Aptiv price target raised to $82 from $75 at RBC Capital
https://www.tipranks.com/news/the-fly/aptiv-price-target-raised-to-82-from-75-at-rbc-capital RBC Capital raised the firm’s price target on Aptiv (APTV) to $82 from $75 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s guidance is “even more impressive” when considering that it incorporates a “very conservative” negative 5% North American market production level, the analyst tells investors in… Continue reading Aptiv price target raised to $82 from $75 at RBC Capital
Tesla car sales in China fall as competition heats up, CNBC says
https://www.tipranks.com/news/the-fly/tesla-car-sales-in-china-fall-as-competition-heats-up-cnbc-says Tesla’s (TSLA) car sales in China fell in January as competition from domestic rivals continued to heat up, Arjun Kharpal of CNBC reports. The company sold 63,238 units in January, which was down 11.5% from the 71,447 cars sold in December. Meanwhile, Chinese rival BYD (BYDDF) sold 296,446 pure electric and plug-in hybrids last… Continue reading Tesla car sales in China fall as competition heats up, CNBC says
Tesla Vs. BYD: Tesla Dives To 2025 Low; BYD Breaks Out On Self-Driving Bets
Tesla has sold off to 2025 lows after Q4 earnings. EV giant BYD has surged into a buy zone on the China EV giant’s self-driving push. Go to Source
Tesla stock posts weekly loss as slump in China deliveries caps volatile week
It was a rough week for Tesla stock. Shares of the EV giant posted a weekly loss of more than 10% as a third-party report on Friday pointing to a slump in China deliveries sent shares down 3.3% on the week’s final trading day. Tesla’s (TSLA) sales in China fell 11.5% on a year-over-year basis… Continue reading Tesla stock posts weekly loss as slump in China deliveries caps volatile week
Magna (MGA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Magna (MGA) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Magna (MGA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Linamar selling never-used EV gigacasting plant, listing shows
Construction of Linamar’s gigacasting plant in Welland, Ont., seen above in early 2024, ended late last year. Canadian auto supply giant Linamar Corp. is looking to sell its new and unused gigacasting factory in Welland, Ont. “We are … exploring the potential lease or sale of the site to ensure all options are available and… Continue reading Linamar selling never-used EV gigacasting plant, listing shows
Lear Full Year 2024 Earnings: EPS Misses Expectations
Revenue: US$23.3b (flat on FY 2023). Net income: US$506.6m (down 12% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). EPS: US$8.97 (down from US$9.73 in FY 2023). NYSE:LEA Earnings and Revenue Growth February 7th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue… Continue reading Lear Full Year 2024 Earnings: EPS Misses Expectations
Lear Corp (LEA) Q4 2024 Earnings Call Highlights: Navigating Challenges and Seizing Opportunities
Revenue: $23.3 billion for 2024. Core Operating Earnings: $1.1 billion, or 4.7% of net sales for 2024. Adjusted Earnings Per Share: $12.62, a 5% increase from last year. Operating Cash Flow: $1.1 billion for 2024. Free Cash Flow: $561 million for 2024. Share Repurchase: $400 million worth of shares repurchased in 2024. Global Headcount Reduction:… Continue reading Lear Corp (LEA) Q4 2024 Earnings Call Highlights: Navigating Challenges and Seizing Opportunities
Q4 2024 Lear Corp Earnings Call
Ray Scott; President, Chief Executive Officer, Director; Lear Corporation Mexico S de RL de CV Jason Cardew; Chief Financial Officer, Senior Vice President; Lear Corporation Mexico S de RL de CV Good morning, everyone, and welcome to the Lear Corporation’s fourth quarter and full-Year 2024 earnings conference call. (Operator Instructions) After today’s presentation, there will… Continue reading Q4 2024 Lear Corp Earnings Call