Tag: GM

Lear Falls 12% in 6 Months: Here’s Why You Should Sell the Stock

Lear Corp. LEA shares have plunged 12.4% over the past six months, underperforming the Zacks Auto, Tires and Trucks sector’s appreciation of 16.1% and the Zacks Automotive – Original Equipment industry’s return of 2%. Lear’s subpar performance can be attributed to significant cuts in EV production, delayed program launches, declining volumes on key platforms and… Continue reading Lear Falls 12% in 6 Months: Here’s Why You Should Sell the Stock

Lear Rises 3% Since Q4 Earnings & Revenues Surpass Estimates

Shares of Lear Corp. LEA shares have increased over 3% since the company released its fourth-quarter 2024 results on Feb. 6, before the opening bell. The company reported adjusted earnings per share of $2.94, which beat the Zacks Consensus Estimate of $2.59, thanks to higher-than-expected revenues across both segments. The bottom line, however, decreased from… Continue reading Lear Rises 3% Since Q4 Earnings & Revenues Surpass Estimates

State Dept. Suspends Plan to Buy Armored Vehicles From Elon Musk’s Tesla

The State Department said Thursday that it had put plans to buy armored electric vehicles on hold after reports that the $400 million order would go to Tesla, whose chief executive, Elon Musk, is one of President Trump’s most important advisers and supporters. The agency pushed back against suggestions that the purchase was designed to… Continue reading State Dept. Suspends Plan to Buy Armored Vehicles From Elon Musk’s Tesla

New Peugeot boss open to 208 GTI revival

Peugeot is considering reviving the Peugeot 208 GTi as a hot EV, new boss Alain Favey has said. Favey said bringing the GTi moniker back was “a question I’ve been asking myself very much” since taking over the role of Peugeot CEO from Linda Jackson as part of a wide-reaching Stellantis management shake-up just 10 days… Continue reading New Peugeot boss open to 208 GTI revival

Vauxhall Corsa

In persistent rain, our 99bhp Vauxhall Corsa test car battled through a shortage of traction off the line to hit 60mph in 11.2sec. In similarly adverse conditions last year, however, a 94bhp Volkswagen Polo with smaller, 15in wheels and 185-section tyres was able to hit 60mph from rest half a second quicker. A respectable but… Continue reading Vauxhall Corsa

UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel

(Bloomberg) — American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal. Most Read from Bloomberg A cash-and-share deal valued at about £1.16 billion ($1.44 billion) represents a premium of around 25% to Dowlais’ Jan. 28 closing share price,… Continue reading UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel

Auto Roundup: GM’s Unfulfilled Robotaxi Dreams, AZO Q1 Earnings & More

The China Passenger Car Association has released vehicle sales data for November. China’s retail sales of passenger vehicles were up 16.5% year over year to more than 2.4 million units. Retail sales of passenger vehicles in the first 11 months of 2024 increased 4.4% year over year. Sales of new energy vehicles in the country… Continue reading Auto Roundup: GM’s Unfulfilled Robotaxi Dreams, AZO Q1 Earnings & More

GM’s 100-year-old China business can’t keep up with the EV boom there

Mary Barra, CEO of General Motors, got a question at a recent panel that almost every auto CEO has grappled with in the past year: Why is your company doing so poorly in China? Less than a decade ago, China was an easy source of cash for GM, an “automatic” $2 billion-a-year dividend for investors,… Continue reading GM’s 100-year-old China business can’t keep up with the EV boom there

Dongfeng Motor shares surge as restructuring plans prompt merger speculation

HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the… Continue reading Dongfeng Motor shares surge as restructuring plans prompt merger speculation