New York – The Federal Reserve’s decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, may now rise further. So could rates on credit cards and some… Continue reading Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
Tag: FCA
Stellantis posts record $12.1B net profit in first half of 2023
The maker of Chrysler, Dodge, Jeep and Ram vehicles early Wednesday reported record financial results for the first half of 2023, boosted by improved shipments of microchip deliveries compared to 2022. Stellantis NV reported a record $12.1 billion (10.9 billion euro) net profit, up 37% year-over-year for the first six months, on a best-ever $109… Continue reading Stellantis posts record $12.1B net profit in first half of 2023
@AML: Total Voting Rights000496
RNS Number : 3035H Aston Martin Lagonda Global.Holdings PLC 26 July 2023 26 July 2023 Aston Martin Lagonda Global Holdings plc (the “Company”) Announcement for Admission of New Shares pursuant to Warrant Instrument In accordance with Listing Rule 9.6.4(6), the Company announces that 1,324,037 Ordinary Shares of £0.10 (the “Warrant… Continue reading @AML: Total Voting Rights000496
@Groupe PSA: PR First Half 2023 Results006056
AMSTERDAM – Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands. Despite the challenging business environment, Stellantis is successfully executing its Dare Forward 2030… Continue reading @Groupe PSA: PR First Half 2023 Results006056
@FCA: Seven Automakers Unite to Create a Leading High-powered Charging Network Across North America
July 26, 2023 , Auburn Hills, Mich. – Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable. The joint venture will include… Continue reading @FCA: Seven Automakers Unite to Create a Leading High-powered Charging Network Across North America
McLaren M1A Can-Am racer inspires road-legal V8 supercar
The jaw-dropping N1A supercar is a British-made, V8-powered, ultra-light tribute to one of McLaren‘s best-known race cars. It is the product of Hampshire-based Nichols Cars, the eponymous outfit founded by storied motorsport engineer Steve Nichols, whose pioneering work with carbonfibre was instrumental in McLaren’s domination of the 1988 Formula 1 world championship, with Alain Prost and… Continue reading McLaren M1A Can-Am racer inspires road-legal V8 supercar
Porsche’s iconic 911 to be sole survivor of automaker’s combustion models
[1/3]FILE PHOTO-A Porsche 911 Carrera S is on display during the 75 years Porsche sports car exhibition “Driven by Dreams” in Berlin, Germany, January 25, 2023. REUTERS/ Lisi Niesner/File Photo LONDON, July 26 (Reuters) – Porsche (P911_p.DE) has a plan to gradually electrify its car lineup so that electric vehicles make up 80% of sales… Continue reading Porsche’s iconic 911 to be sole survivor of automaker’s combustion models
GM reports $2.5B in net income, boosts guidance, but takes hit from Bolt recall
General Motors reported a big boost in its net income for the second quarter of 2023 to more than $2.5 billion despite agreeing to pay almost $800 million connected to the Chevrolet Bolt EV and Bolt EUV recall and dealing with delays in producing some of its new electric vehicles. The $792 million charge was… Continue reading GM reports $2.5B in net income, boosts guidance, but takes hit from Bolt recall
Mercedes’ F1 Performance Improves After Adjustments to Its Racecar
After qualifying was finished for the season-opening Bahrain Grand Prix in March, Toto Wolff, the Mercedes team principal, condemned his own car. Lewis Hamilton and George Russell, the team’s drivers, had finished over six-tenths of a second behind the leading time set by the reigning champion, Max Verstappen of Red Bull, which is a huge… Continue reading Mercedes’ F1 Performance Improves After Adjustments to Its Racecar
F1 Teams Are Already Working on the Power Units Coming in 2026
Formula 1’s 2023 season isn’t even half over, but manufacturers are already working on 2026. That is when revised power-unit regulations, running through 2030, will take effect. It will be the biggest overhaul to the rules since the introduction of 1.6-liter V6 turbocharged engines in 2014. There will be more manufacturers and a step toward… Continue reading F1 Teams Are Already Working on the Power Units Coming in 2026