When Slate Auto, a start-up, unveiled a roughly $25,000 electric pickup truck last month, social media lit up with comments. Many people saw the no-frills vehicle, with an easy-to-repair body and nostalgic hand crank windows, as a refreshing antidote to today’s overstuffed and increasingly unaffordable cars. How unaffordable? Average monthly payments on new cars have… Continue reading Is Slate Auto’s Electric Truck the Answer to Expensive Cars?
Tag: Honda
Honda Motor reports 76% plunge in operating profit in huge earnings miss
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36… Continue reading Honda Motor reports 76% plunge in operating profit in huge earnings miss
Nissan to shut seven factories, cutting 20,000 jobs worldwide
Nissan’s shake-up will reduce the number of its factories from 17 to 10 by 2027. Photograph: Bloomberg/Getty Images View image in fullscreen Nissan’s shake-up will reduce the number of its factories from 17 to 10 by 2027. Photograph: Bloomberg/Getty Images Nissan to shut seven factories, cutting 20,000 jobs worldwide Carmaker slumps to £3.4bn loss after… Continue reading Nissan to shut seven factories, cutting 20,000 jobs worldwide
Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal year ended March 31, 2025
TOKYO, May 13, 2025 /PRNewswire/ — Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal year ended March 31, 2025. Financial Results for FYE March 31, 2025 Operating Profit 1,213.4 bil. Yen (excl. the impact of the change in the estimation model for automobile product warranties: 1,341.0 bil. yen） In motorcycle… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal year ended March 31, 2025
Nissan increases job cuts to 20,000 as Honda warns of $3bn tariff hit
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Hyundai Verna tops car exports in FY2025, overseas sales decline for five of Top 10 models
In a scenario similar to the domestic market where demand slid 12% to 3.15 million units in FY2025, export sales of made-in-India passenger cars and sedans fell 7.2% to 398,879 units last fiscal (FY2024: 429,677 units). This decline comes after three straight fiscals of growth in FY2022 (374,986 units, up 41%), FY2023 (413,787 units, up… Continue reading Hyundai Verna tops car exports in FY2025, overseas sales decline for five of Top 10 models
Hyundai Verna tops car exports in FY2025, overseas sales decline for five of Top 10 models
In a scenario similar to the domestic market where demand slid 12% to 3.15 million units in FY2025, export sales of made-in-India passenger cars and sedans fell 7.2% to 398,879 units last fiscal (FY2024: 429,677 units). This decline comes after three straight fiscals of growth in FY2022 (374,986 units, up 41%), FY2023 (413,787 units, up… Continue reading Hyundai Verna tops car exports in FY2025, overseas sales decline for five of Top 10 models
Tariffs Boost New Vehicle Prices in April
Since April 2023, as new-vehicle inventory recovered from the COVID-era shortage, new-vehicle prices have been mostly flat year over year. Graphic: Cox Automotive New-vehicle ATP increased in April to $48,699, a sharp 2.5% month-over-month bump, according to Kelley Blue Book report released May 12. April typically delivers a monthly increase of 1.1%. In the past… Continue reading Tariffs Boost New Vehicle Prices in April
TVS exports 4,427 BMW CE 02 and 1,486 iQube electric scooters in FY2025
The Indian scooter industry had a record fiscal in FY2025 on multiple fronts. Not only were total domestic market sales at 6.85 million units a new benchmark but at 569,093 units, exports of made-in-India scooters also raised the bar, surpassing the half-a-million mark for the second fiscal in a row. Now, it can be revealed… Continue reading TVS exports 4,427 BMW CE 02 and 1,486 iQube electric scooters in FY2025
TVS exports 4,427 BMW CE 02 and 1,486 iQube electric scooters in FY2025
The Indian scooter industry had a record fiscal in FY2025 on multiple fronts. Not only were total domestic market sales at 6.85 million units a new benchmark but at 569,093 units, exports of made-in-India scooters also raised the bar, surpassing the half-a-million mark for the second fiscal in a row. Now, it can be revealed… Continue reading TVS exports 4,427 BMW CE 02 and 1,486 iQube electric scooters in FY2025