HANGZHOU, China, Feb. 15, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced the closing of Strategic Integration Transactions with Geely entities that was previously announced on November 14, 2024. Following the completion of such transactions, Lynk & Co… Continue reading Zeekr Group Announces the Closing of Strategic Integrated Transactions
Tag: Geely
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
Autoliv Q4 Earnings Beat Expectations, Sales Decline Y/Y
Autoliv Inc. ALV reported fourth-quarter 2024 adjusted earnings of $3.05 per share, which beat the Zacks Consensus Estimate of $2.83 but declined 19% year over year. The company reported net sales of $2.62 billion in the quarter, which missed the Zacks Consensus Estimate of $2.71 million and fell 4.9% year over year. See the Zacks… Continue reading Autoliv Q4 Earnings Beat Expectations, Sales Decline Y/Y
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
@Geely-Volvo: Volvo Cars completes the divestment of its 30 per cent stake in Lynk & Co
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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
Indian Auto Sales Show Mixed Performance in January 2025; Two-Wheeler Segment Signals Recovery
The Indian automobile industry started 2025 with mixed performance across segments, as passenger vehicles achieved their highest-ever January sales while two-wheeler segments showed divergent trends, according to the latest data released by the Society of Indian Automobile Manufacturers (SIAM). Passenger vehicle sales grew by 1.6% year-on-year to reach 3.99 lakh units in January 2025, marking… Continue reading Indian Auto Sales Show Mixed Performance in January 2025; Two-Wheeler Segment Signals Recovery
German Manager Magazin: Polestar rescue plan and VW Billigleasing-The newsletter “Manage: Mobility” 003960
Dear reader, dear reader, While the election campaign in Germany is going into the hot phase, Donald Trump (78) has already ruled in the USA. Customs duties for the rest of the world, disturbing ideas for the Gaza Strip or takeover fantasies (Greenland, Canada) have not stopped the majority of the US business bosses from… Continue reading German Manager Magazin: Polestar rescue plan and VW Billigleasing-The newsletter “Manage: Mobility” 003960
VECV Launches New Manufacturing Line for Eicher Pro X Small Trucks in Bhopal
VE Commercial Vehicles (VECV) has inaugurated a dedicated manufacturing facility for its Eicher Pro X range of small trucks at its Bhopal plant and commenced customer deliveries. The facility, featuring an all-women final assembly line, was inaugurated by Volvo Group CEO Martin Lundstedt and Eicher Motors Chairman Siddhartha Lal on February 13. The first batch… Continue reading VECV Launches New Manufacturing Line for Eicher Pro X Small Trucks in Bhopal
Dongfeng, Changan said to be considering merger
Dongfeng, Changan considering merger? Two Chinese state-owned automakers, Dongfeng Motor Group and Chongqing Changan Automobile Company, are understood to be considering a merger to form a stronger company able to compete more effectively on the global stage with rival Chinese automakers such as BYD and Geely, as well as with leading overseas automakers such as… Continue reading Dongfeng, Changan said to be considering merger