Tag: Financial Results

Tata Motors losses expand on supply side concerns

Tata Motors losses have widened for the third consecutive quarter and the automotive bellwether has posted a consolidated loss of Rs 4,442 crore for in Q2FY2022 compared to a loss of Rs 314 crore in Q2FY2021. The net revenue however came in higher at Rs 61,379 crore, up 14.7 percent from Q2FY2021 revenue of Rs 53,530 crore.… Continue reading Tata Motors losses expand on supply side concerns

The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup

NIO Inc. Provides October 2021 Delivery Update

NIO delivered 3,667 vehicles in October 2021, decreasing by 27.5% year-over-year due to restructuring and upgrades of manufacturing lines and preparation of new products introduction Cumulative deliveries of the ES8, ES6 and EC6 as of October 31, 2021 reached 145,703 SHANGHAI, China, Nov. 01, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE:… Continue reading NIO Inc. Provides October 2021 Delivery Update

AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth

“Our virtual appraisal process was already in progress when the pandemic hit and has only accelerated our vehicle sourcing opportunities, putting us in the sweet spot of current market need and further driving our rapid sales growth and business expansion,” said Mark Maida, AutoBuy Co-founder and CEO. “AutoBuy has always been a disrupter in the… Continue reading AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth

BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles

AUBURN HILLS, Mich., Nov. 1, 2021 /PRNewswire/ — BorgWarner announced today that its 400V Silicon Carbide (SiC) inverter has been selected to help power various models of a European OEM’s battery electric vehicles. The inverter features dual-sided cooled power switches, providing a significant breakthrough in support of vehicle electrification and offering OEMs superior operational characteristics such… Continue reading BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles

@Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND

Q2 wholesales 64,032, down 12.8% year-on-year due to chip supply, in line with guidance Revenue of £3.9 billion and pre-tax loss of £302 million Free cash outflow of £664 million, significantly better than expected £1 billion outflow Demand remains strong with record order book of more than 125k units Strong liquidity of £5.9 billion at… Continue reading @Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND

Ghosn vows to ‘get back my rights’ since escape from Japan – Nikkei Asia

TOKYO — Carlos Ghosn, the former Nissan Motor chief turned fugitive, has vowed to defend his rights in the face of charges from Nissan and Renault despite fleeing Japan nearly two years ago following his arrest. In an interview over Zoom from the Lebanese capital Beirut on Tuesday, Ghosn justified his escape from Japan, calling… Continue reading Ghosn vows to ‘get back my rights’ since escape from Japan – Nikkei Asia

Nissan ex-chair Ghosn set on restoring reputation – Associated Press

FILE – In this May 25, 2021, file photo, Nissan’s former chairman Carlos Ghosn speaks during an interview with The Associated Press, in Dbayeh, north of Beirut, Lebanon. The former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn’t about to settle into quiet retirement. Ghosn fled to… Continue reading Nissan ex-chair Ghosn set on restoring reputation – Associated Press