The Truth About Cars

APRIL 25, 2024

Automotive News obtained information from a recent Nissan dealer meeting that includes outlines for an updated Murano, Rogue, armada, and more. The long-running Murano will enter a new generation, gaining more luxury and an updated platform. A dealer told Automotive News , “It’s a great move because we need a masculine kind of product.

Nissan 73

Nissan Sale Production Dealers 73

Electrek

MARCH 26, 2024

Chinese EV giant BYD just released its 2023 annual profit report, and it looks like it missed analyst estimates by a smidge, netting $4.16 Still, the company reported a more than 80% rise in net profit last year, so it is showing no signs of slowing down. billion (30.04 billion yuan) compared to the estimated $4.29 billion (30.94

BYD 102

BYD Chinese Companies 102

Electrek

APRIL 17, 2024

Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of layoffs this year, but it’s only 1% of the workforce this time.

107

107

Electrek

DECEMBER 6, 2023

Tavares said EVs must be affordable but profitable, or they will be “in trouble very, very soon.” more… The post Stellantis CEO says EVs need to be affordable but profitable appeared first on Electrek.

Affordable 132

Affordable Dodge Jeep 132

Electrek

FEBRUARY 16, 2024

Jeep and Chrysler owner Stellantis – hardly a hero in our EV adoption story – says that it is finally turning a profit on EVs. But that’s in no part due to US sales, since the company doesn’t sell any EVs in the country – but that is changing with a lineup on its way this year.

Jeep 136

Jeep Chrysler Sale Parts 136

Green Car Reports

JUNE 6, 2023

GM questions the profitability of sub-$40,000 EVs. Lexus introduces a smaller hybrid for Europe in another self-charging fog. And Toyota has a whole suite of vehicles that meet the mark for AWD, 40-mpg, and $30,000. This and more, here at Green Car Reports. GM CEO Mary Barra said last week that EV battery costs are still too high to build.

Lexus 104

Lexus MPG GM Hybrid 104

Teslarati

OCTOBER 26, 2023

The swings in pricing hindered Hertz’s Q3 earnings report, as it missed profit estimates. All Tesla rentals from Hertz now allow mobile app access While car buyers are loving the discounts, investors in the company’s stock, and companies like Hertz that are dependent on maintaining healthy margins and profitability are not.

Price 145

Price Tesla Buy Fleet 145

Green Car Reports

JULY 26, 2022

The German automakers claims EVs can be more profitable than its current gasoline models, according to Automotive News. Some automakers have expressed concern about EV costs, but not Porsche. Ahead of a planned stock market listing later this year, Porsche is telling investors that exactly that, according to the report.

Porsche 183

Porsche Gasoline Vehicles Market 183

Green Car Reports

JULY 26, 2022

Porsche says it can make EVs profitable—more profitable than gas. The federal government is likely loaning money to GM’s joint-venture battery operation with LG. VW starts ID.4 4 production in the U.S. And the production Sono Sion makes a bow. This and more, here at Green Car Reports.

Solar 140

Solar Production Porsche Green Cars 140

Teslarati

MARCH 26, 2024

percent profit increase in Q4, marking its slowest growth rate since Q1 2022. auto industry BYD’s full-year 2023 net profit increased by 80.7 The post BYD had its slowest profit growth in two years in Q4 appeared first on TESLARATI. In its full-year 2023 earnings report shared on Tuesday, BYD posted an 18.6 percent to 30.04

BYD 102

BYD Price London Auto 102

Baua Electric

APRIL 26, 2024

Kolkata-based Himadri Speciality Chemical Ltd, a supplier of speciality chemicals to automotive industry reported a consolidated net profit of Rs 115.18 The post Himadri Speciality Chemical Q4 profit jumps 51%, approves brownfield expansion | Autocar Professional appeared first on Bauaelectric Auto News.

Li-ion 52

Li-ion Lithium Ion Carbon India 52

Baua Electric

APRIL 17, 2024

Factory Zero – GM Detroit-Hamtramck revamped for EVs “Closing the cost-profitability gap will require help from elsewhere, whether through more aggressive efficiency programs, additional public support, or both,” according to BCG. The post If $50,000 EVs still lose $6,000, when will EVs become profitable? automakers.

Boston Consulting Group 52

Boston Consulting Group Tax Credit Chinese Boston 52

Teslarati

APRIL 22, 2023

New Toyota CEO, Koji Sati, has announced a new three-part plan to help make the company’s EV strategy profitable as soon as possible. And that is precisely what has happened with Toyota’s new CEO, Koji Sato, who has more aggressively pursued electric vehicles. million EVs by 2025 and 3.5 million by 2030.

Toyota 98

Toyota Renewable Parts Companies 98

Baua Electric

APRIL 26, 2024

On the back of a series of new launches in the sports utility vehicle space, India’s largest passenger car maker Maruti Suzuki India Ltd clocked a record turnover of over USD 16 billion in the financial year 2023-24. Not just in turnover, FY24 was a record year for Maruti Suzuki in volume, exports, and profit as well. crore, or USD 16.2

Suzuki 52

Suzuki Sale SUV Price 52

Baua Electric

APRIL 26, 2024

Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, reported a consolidated net profit of Rs 3.97 crore in Q4FY24, a threefold increase from Rs 0.93 crore in Q4FY23. The company’s revenues during Q4FY24 stood at Rs 128.26

Hydrogen 40

Hydrogen Electric Vehicles Auto Global 40

Baua Electric

JANUARY 17, 2024

Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back of rebounding demand. The world’s largest contract chipmaker is set to report net profit of T$226.4 That compares to the year-earlier net profit of T$295.9

Auto 97

Auto Taiwan Asia Insight 97

Teslarati

MARCH 28, 2023

1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. BYD earned a net profit of $1.06 If you have news tips, email us at tips@teslarati.com !

BYD 133

BYD Price Tesla Chinese 133

Electrek

OCTOBER 30, 2023

billion in Q3 profit despite an intensifying price war. more… The post BYD notches record Q3 profit of $1.4B China’s largest EV maker, BYD , scored a record $1.42 The Chinese automaker is closing in on Tesla as we approach the end of the year in pure EV sales. amid intensifying EV price war appeared first on Electrek.

BYD 119

BYD Price Chinese Sale 119

Teslarati

MAY 15, 2023

A new report finds that Tesla accounted for roughly $700,000 in lost gross profit per dealer in California during 2022. Reliant on the dealership model , Tesla has proved that legacy automakers are less profitable and slower to react to market trends. If you have news tips, email us at tips@teslarati.com !

Dealers 100

Dealers California Sale Tesla 100

Teslarati

JANUARY 31, 2024

The executive seemed optimistic about GM’s electric vehicle business, even noting that he sees variable profitability being achieved sometime in the second half of 2024. “I would be shocked if they hit EV profitability this year,” Nelson said. Don’t hesitate to contact us with news tips.

GM 68

GM Financing General Motors Tax 68

Baua Electric

MARCH 17, 2024

from the same period a year earlier, official data showed on Monday, as better profits underpinned production. The yearly growth in the metal, which is widely used in auto, construction and packaging sectors, came as profit margins increased. Smelters enjoyed an average profit of 1,964 yuan (USD 272.90)per Representative image.

Auto 52

Auto Mercury China Insight 52

Baua Electric

FEBRUARY 9, 2024

Indian tyre maker MRF has reported a 3-fold increase in third-quarter profit. It reported a profit of Rs 503.94 The post MRF reports 3-fold increase in third-quarter profit | Autocar Professional appeared first on Bauaelectric Auto News. crore compared to Rs 161.17 crore in the year ago period. crore versus Rs 5484.72

Auto 52

Auto Parts Manufacturer Companies 52

Innovation News Network

FEBRUARY 13, 2023

The main aim of NUclear COmponent Based on Additive Manufacturing (NUCOBAM) is to develop the qualification process allowing the use of such a metal Additively Manufactured (AM) components in a nuclear […] The post NUCOBAM: Increasing nuclear industry profitability and improving safety appeared first on Innovation News Network.

Industrial 97

Industrial Industry Standards Manufacturer 97

Teslarati

MARCH 12, 2024

Morgan Stanley forecasted that the Chinese battery supplier will return to solid profit growth later in 2024. The post Morgan Stanley raises CATL price target & forecasts strong profit growth for 2024 appeared first on TESLARATI. ” The China-based battery supplier’s shares surged by 14.5% to RMB 180.85

Price 82

Price Chinese North America Buy 82

Teslarati

JANUARY 29, 2024

LG Energy Solution (LGES) announced its 2023 full-year earnings, reporting a steady increase in consolidated revenue and operating profit. trillion and an increase in operating profit to KRW 2.2 while its operating profit increased by 78.2%. Operating Profit: KRW 338.2 from the previous quarter and 6.3% billion, a 53.7%

Tax Credit 79

Tax Credit Energy Tax North America 79

Baua Electric

APRIL 17, 2024

Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. Rivian is cutting another 1% of jobs “This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year,” Rivian said in an emailed statement (via Automotive News ).

Chicago 52

Chicago Affordable SUV All-Electric 52

Teslarati

MAY 3, 2023

Ford has announced a new $1.5-$2 2 billion restructuring effort to help achieve EV profitability as soon as possible. billion in profits, and an EPS of $0.38. Along with this quest toward profitability, hopefully, it can serve as a strong example of success for other automakers struggling to transition to EVs.

Ford 98

Ford General Motors Asia India 98

Baua Electric

JANUARY 18, 2024

The post Webinar: Maximising EV gains – a strategic guide to location-driven profitability – Charged EVs appeared first on Bauaelectric Auto News.

Charging 97

Charging Insight Store Cost Of 97

Electrek

OCTOBER 3, 2023

As losses improve, Rivian’s leader explained, “We will see a very clear” set of steps toward profitability. more… The post Rivian CEO sees ‘very clear’ set of steps to profitability after Q3 EV delivery beat appeared first on Electrek.

Companies 115

Companies 115

The Driven EV News

OCTOBER 31, 2023

BYD delivers profit surge and increased margins, as legacy car makers hit by big losses in EV manufacturing and threaten to slow down switch to electric. The post BYD profits surge, as US legacy car makers drown in losses from EVs appeared first on The Driven.

BYD 90

BYD Cars Manufacturer Electric 90

The Truth About Cars

MAY 26, 2023

The impetus for this mini-rant is the appearance of billboards near the Indianapolis Motor Speedway bearing the phrase ‘Winners DON’T Drink Milk’ as part of an ad campaign by a non-profit organization bent on getting people to stop drinking the stuff. Ah, there it is. Orange juice is a decent source as well.

Indianapolis 97

Indianapolis Juice Mazda Green 97

Baua Electric

JANUARY 17, 2024

Within a year, Minda Corp made a profit of approximately INR 260 crore on its investment. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit – ET Auto appeared first on Bauaelectric Auto News.

Auto 98

Auto Sale India Insight 98

Teslarati

OCTOBER 11, 2022

(CATL), the world’s largest producer of electric vehicle batteries and one of Tesla’s key battery suppliers, anticipates its net profits to rise as much as 9.8 In a stock filing on Monday, CATL forecasted a profit increase of up to 200%. Don’t hesitate to contact us with news tips. billion yuan ($1.4

Batteries 94

Batteries Battery Tesla BMW 94

Teslarati

JANUARY 20, 2023

It is also a power play of sorts, as it shows that the company has what it takes to significantly reduce the prices of its vehicles and possibly still be profitable. A Reuters analysis estimated that Tesla earned $15,653 in gross profit per vehicle during Q3 2022. Don’t hesitate to contact us with news tips.

Price 130

Price BYD Tesla Auto Industry 130

Baua Electric

JANUARY 16, 2024

crore in its profit after tax for the third quarter this fiscal. In the third quarter last fiscal, the specialty chemical company’s net profit had stood at ₹63.03 The post Himadri Speciality Chemical profit jumps 71 percent to Rs 1,07.89 crore for Q3FY24 | Autocar Professional appeared first on Bauaelectric Auto News.

Tax 52

Tax Auto Production 52

Baua Electric

MARCH 11, 2024

Before turning its reservations into orders, Tesla tried to take precautions against early buyers flipping the Cybertruck for profits. After all, you should be able to do what you want with a product you own, including reselling it for a profit, but Tesla can also decide not to do business with you anymore.

Tesla 52

Tesla Legal Electric Electrical 52

Teslarati

SEPTEMBER 29, 2023

Volkswagen plans to upgrade its plants in Germany for increased efficiency and profits. program is designed to improve efficiency and increase profits at lower costs. The post Volkswagen to upgrade plants for increased efficiency and profits appeared first on TESLARATI. performance program. The ACCELERATE forward | Road to 6.5

Germany 94

Germany All-Electric Sale Future 94