Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments. Toyota announced that its operating income in the first half of fiscal 2025 fell to around $16 billion (2.64 trillion… Continue reading Toyota will hold off on EV investment decisions until ‘the very last moment’ as profits slip
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GM recalls, once again, its Chevy Bolt
Chevy Bolt EUV (Source: Chevrolet) A few years back, General Motors had to recall 142,000 Bolts in a major fiasco due to fire risk. This time around, however, just a small number of Bolts are being recalled, only 107. But the risk of fire is deemed high – according to the NHTSA – if these… Continue reading GM recalls, once again, its Chevy Bolt
Tesla and Mercedes-Benz recognized for their ‘human rights diligence’ in making EVs
Amnesty International recognized Tesla and Mercedes-Benz for their “human rights diligence” in manufacturing their electric vehicles. There have been concerns about the rise in electric vehicle adoption leading to human rights issues, especially due to the increased need for some metals related to battery production, which are sometimes mined in difficult conditions. The bulk of… Continue reading Tesla and Mercedes-Benz recognized for their ‘human rights diligence’ in making EVs
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been… Continue reading Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
What Trump’s election to the White House could mean for EVs
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – President-elect Donald Trump’s victory over Vice President Kamala… Continue reading What Trump’s election to the White House could mean for EVs
CNBC Daily Open: Amid focus on elections, don’t neglect market moves
People stand in line at Honolulu Hale to cast their ballot to vote in this year’s general election in Honolulu, Hawaii, on November 5, 2024. Eugene Tanner | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they… Continue reading CNBC Daily Open: Amid focus on elections, don’t neglect market moves
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
A Toyota bZ Compact SUV is pictured after a briefing on EV (electric vehicle) battery strategies at the companys showroom in Tokyo on December 14, 2021. Behrouz Mehri | Afp | Getty Images Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate… Continue reading Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
FS KKR Capital Corp. Announces Third Quarter 2024 Results
PHILADELPHIA and NEW YORK, Nov. 6, 2024 /PRNewswire/ — FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter ended September 30, 2024, and that its board of directors previously, on October 8, 2024, declared a fourth quarter 2024 distribution of $0.70 per share. Financial and Operating… Continue reading FS KKR Capital Corp. Announces Third Quarter 2024 Results
OPENLANE, Inc. Reports Third Quarter 2024 Financial Results
CARMEL, Ind., Nov. 6, 2024 /PRNewswire/ — OPENLANE, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2024. “OPENLANE delivered strong third quarter results while advancing a differentiated pipeline of innovation and expanding our investments in people, technology and the customer experience,” said Peter Kelly, CEO of OPENLANE.… Continue reading OPENLANE, Inc. Reports Third Quarter 2024 Financial Results
Albemarle Reports Third Quarter 2024 Results
CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the third quarter ended September 30, 2024. Third-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, with volumes… Continue reading Albemarle Reports Third Quarter 2024 Results