President Trump’s tariffs are starting to bite across the car industry, if the latest news from the owner of Citroen, Peugeot, Vauxhall, Fiat and Jeep is anything to go by. The multi-brand Stellantis group says that it’s in a 300m Euro (£260m) hole as a result of extra costs associated with importing cars to the… Continue reading US trade tariffs have cost Stellantis £260m, so far
Tag: GM
GPC Tops Q2 Earnings Estimates, Slashes 2025 View Amid Tariffs
Genuine Parts Company GPC reported second-quarter 2025 adjusted earnings of $2.10 per share, which beat the Zacks Consensus Estimate of $2.08. The bottom line, however, declined from the year-ago quarter’s earnings of $2.44 per share. The company reported net sales of $6.16 billion, which surpassed the Zacks Consensus Estimate of $6.11 billion and grew 3.4% year over… Continue reading GPC Tops Q2 Earnings Estimates, Slashes 2025 View Amid Tariffs
General Motors Q2 Earnings Top Estimates, Revenues Decline Y/Y
General Motors GM reported second-quarter 2025 adjusted earnings of $2.53 per share, which surpassed the Zacks Consensus Estimate of $2.39. Higher-than-expected revenues from GM North America (GMNA), GM International’s (GMI) and GM Financial segments led to the outperformance. The bottom line, however, decreased from the year-ago quarter’s $3.06. Revenues of $47.12 billion beat the Zacks… Continue reading General Motors Q2 Earnings Top Estimates, Revenues Decline Y/Y
Lucid Air owners will soon be able to use Tesla Superchargers — but there’s a catch
Owners of the Lucid Air sedan will be able to charge their luxury EVs at thousands of Tesla Supercharger stations in North America starting July 31, nearly two years since the automakers reached an agreement. But there is a notable caveat: Lucid Air vehicles won’t be able to charge as fast as Tesla vehicles. Lucid… Continue reading Lucid Air owners will soon be able to use Tesla Superchargers — but there’s a catch
Honda and Acura EV owners can now use Tesla Superchargers
The 2024 Honda Prologue. Honda has launched a new EV charging adapter that will allow its all-electric Prologue and Acura ZDX to power up at over 23,500 Tesla Supercharger stations. The $225 adapter lets vehicles equipped with Combined Charging System (CCS) plugs use Tesla’s North American Charging Standard (NACS) stations, buying Honda some time before… Continue reading Honda and Acura EV owners can now use Tesla Superchargers
Palo Alto Networks Completes Acquisition of Protect AI
Extends AI security leadership with comprehensive protection for the entire AI lifecycle SANTA CLARA, Calif., July 22, 2025 /PRNewswire/ — Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, today announced it has completed its acquisition of Protect AI, an innovative leader in securing Artificial Intelligence (AI) applications and models. The acquisition accelerates Palo Alto Networks’… Continue reading Palo Alto Networks Completes Acquisition of Protect AI
Trump tariffs take a $1 billion bite out of GM earnings
The Trump administration’s negotiating time may be eaten up with larger partners, such as the EU, which did not get a warning letter or a change to its prescribed 20% tariff rate, double the 10% baseline. General Motors‘ second-quarter core profit fell 32per cent to $3 billion on Tuesday, as the automaker continued to confront… Continue reading Trump tariffs take a $1 billion bite out of GM earnings
RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC WITH AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Transaction Update: Dowlais Shareholders Approve Proposed Combination DETROIT, July 22, 2025 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (“AAM”), (NYSE: AXL) announced today that at the court meeting (the “Court Meeting”) and the general meeting (the “General Meeting”) held earlier today by Dowlais Group plc (“Dowlais”), the requisite majority of scheme shareholders voted to approve… Continue reading RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC WITH AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
“It is not for me to assume this breakdown”: the owners of defective diesel engines unite against Stellantis
A new complaint against the automotive group Stellantis has been filed. In question this time: defective diesel engines equipped with hundreds of thousands of Peugeot, Fiat or Citroën cars. Stellantis has been reminiscent of almost a million in the garage since early July for repair. We explain why. Regional news Each day, an overview of… Continue reading “It is not for me to assume this breakdown”: the owners of defective diesel engines unite against Stellantis
BingX Named Title Sponsor for GM Vietnam 2025, Cementing Leadership in Web3 and AI Innovation
PANAMA CITY, July 22, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, proudly announced its role as Title Sponsor of GM Vietnam 2025, Vietnam Blockchain Week’s flagship event and Southeast Asia’s largest Web3 gathering. Taking place August 1–2 at the National Convention Center in Hanoi, GM Vietnam 2025 will gather over… Continue reading BingX Named Title Sponsor for GM Vietnam 2025, Cementing Leadership in Web3 and AI Innovation