According to Automotive News, automotive seat supplier Adient’s net profit and comprehensive revenue declined last quarter due to difficulties in the European and American markets. From July to September this year, Adient’s revenue fell 4% year-on-year to $3.562 billion; net profit was $79 million, a year-on-year decrease of 41%; adjusted EBITDA remained stable at $235 million. In terms of the market, Adient’s sales in Europe and the Americas fell 8% and 6% respectively last quarter, while sales in China increased by 5%. The company’s chief financial officer Mark Oswald said that the reasons for the decline in performance in the Americas included the stagnation of large-volume projects such as […]
After a week of technical negotiations in China, the two sides said that they had made some progress in reducing or withdrawing “the EU’s tariffs on Chinese electric vehicles.” The European Commission said the negotiations had made “technical progress,” and the Chinese Ministry of Commerce agreed in a separate statement. Previously, both the EU and China had pointed out that the two sides still had major differences on how to resolve the EU’s so-called unfair subsidies for Chinese electric vehicles. China and the EU have been seeking to reach an agreement on so-called price commitments, a complex mechanism to control the price and quantity of automobile exports, designed to […]
Tesla Inc.’s market value surged on Nov. 8, surpassing the $1 trillion mark on expectations that Elon Musk’s companies will receive favorable treatment from the next president, Donald Trump, after Musk provided key support to him during his campaign. Tesla’s shares surged 8.2% to $321.22 that day, pushing the company’s market value above the trillion-dollar mark for the first time in more than two years. Last week, Tesla’s stock price rose 29%, adding more than $230 billion to its market value, its best performance since January 2023. “Tesla and its CEO Elon Musk are likely the biggest winners from the election,” said Garrett Nelson, senior equity analyst at CFRA […]
On November 7, Nissan Motor announced that the second quarter of this year (July to September), its net revenue was 2.99 trillion yen, which was lower than 3.15 trillion yen in the same period last year; operating profit was 31.9 billion days. Yuan, lower than the average market expected 65 billion yen, far lower than 208.1 billion yen in the same period last year, a year -on -year decrease of 85%; operating profit margin fell from 6.6%in the same period last year to 1.1%; net loss was 9.3 billion The yen, and the net profit of the same period last year was 190.7 […]
According to foreign media reports, on November 8th, the market value of Tesla ushered in a sharp rise, breaking through the $ trillion mark, because it was expected that the company’s enterprise of Elon Musk will come from below. The U.S. government under the rule of President Donald Trump received preferential treatment because Musk provided important support for it during the Trump campaign. On the same day, Tesla’s stock price rose 8.2%to $ 321.22, making the company’s market value exceeded the trillion dollars for the first time in the past two years. Last week, Tesla’s stock price […]
According to foreign media reports, a source from the union confirmed on November 8 that the media reported that the automobile manufacturer Stellandis will suspend production again in the Italian Mirafior factory, which has a long history. The factory is responsible for the production of the electric version of Fiat 500 and two Maserati models. According to sources, due to the downturn in demand, the production base was suspended from mid -September to November 1st this year. Although the production has been restored last week, production will be discontinued again throughout December. The […]