The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images Stocks of European carmakers hemorrhaged on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s largest… Continue reading Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes
Tag: Aston Martin
Why Aston Martin has slashed 2024 sales target by 1000 cars
New Aston Martin CEO Adrian Hallmark has made his first big impact on the company since joining on 1 September by reducing its ambitious sales forecast for 2024 by 1000 units. Aston Martin cited supply chain disruption, weak demand in China and excess stock in dealers for the downgrade. It also said it would no longer… Continue reading Why Aston Martin has slashed 2024 sales target by 1000 cars
Vauxhall owner warns on profits amid falling sales and tougher Chinese competition
A Stellantis worker on the assembly line for the Jeep Grand Cherokee L model in Detroit, US. Photograph: Rebecca Cook/Reuters View image in fullscreen A Stellantis worker on the assembly line for the Jeep Grand Cherokee L model in Detroit, US. Photograph: Rebecca Cook/Reuters Vauxhall owner warns on profits amid falling sales and tougher Chinese… Continue reading Vauxhall owner warns on profits amid falling sales and tougher Chinese competition
German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604
The car company Stellantis is slashing its profit expectations for this year due to problems in the North American market and the weak industry situation. CEO Carlos Tavares (66) now only expects an operating profit margin of 5.5 to 7.0 percent adjusted for special effects, as Stellantis announced in Amsterdam. So far there should be… Continue reading German Manager Magazine: Stellantis shares collapse: Opel parent shocks the stock market with profit warning003604
@AML: Trading Update and adjustment to FY 2024 guidance000643
30 September 2024 Aston Martin Lagonda Global Holdings plc (“Aston Martin”, or “AML”, or the “Company”; or the “Group”) Trading Update and adjustment to Full Year 2024 guidance This announcement contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation No. 596/2016 as it forms part of UK law by… Continue reading @AML: Trading Update and adjustment to FY 2024 guidance000643
Stellantis and Aston Martin shares fall sharply on profit warnings
$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Stellantis and Aston Martin shares fall sharply on profit warnings
Ineos marches into China with Grenadier
Michael Peng, general manager of Ineos Automotive China, explains the British company’s China business plan in Beijing on Sept 25, 2024. [Photo by Li Fusheng/chinadaily.com.cn] Ineos Automotive launched its off-roader, the Grenadier, on Wednesday in Beijing, marking the British carmaker’s foray into the world’s largest vehicle market. The model, available in three variants, is priced… Continue reading Ineos marches into China with Grenadier
Altair Joins £5.8 Million PIVOT Project
The PIVOT project, involving Altair, Aston Martin, and Sarginsons, aims to develop 100% recycled aluminum vehicle components using AI-driven engineering, targeting up to a 30% reduction in weight and 95% reduction in embedded carbon emissions, the company claims. Altair has announced its participation in the £5.8 million Performance Integrated Vehicle Optimisation Technology (PIVOT) project, supported by… Continue reading Altair Joins £5.8 Million PIVOT Project
Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle Manufacturing
Altair’s AI-powered engineering technology to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions TROY, Mich., Sept. 25, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced its involvement in the £5.8 million Performance Integrated Vehicle Optimization… Continue reading Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle Manufacturing
Cognizant and Aston Martin Aramco Formula One® Team celebrate partnership with a visit to Chennai by two-time world champion Fernando Alonso
Since the partnership began in 2021, Cognizant, a global leader in technology and professional services, has revolutionized the use of technology within Aston Martin F1® Team. Through its expertise in data, analytics, and machine learning, Cognizant has enhanced the team’s daily operations, strengthened its IT infrastructure, and driven innovation and performance both on and off… Continue reading Cognizant and Aston Martin Aramco Formula One® Team celebrate partnership with a visit to Chennai by two-time world champion Fernando Alonso