Tag: OEMS
Hyundai releases Q1 results, sees a 19% increase in net profit
Hyundai released its first-quarter results on Monday, which showed a 19% hike in net profit despite sales decreasing by almost ten percent. The automaker said various...
Nissan and Toyota join European automakers in the metaverse
Various European automakers have announced they have been tapping into the metaverse. Japan-based Nissan Motor Co. and Toyota Motor Corporation are the latest automakers...
Buy/Sell transactions skyrocketed in 2021 indicating more consolidation ahead
On this edition of Inside Automotive, we’re pleased to welcome back Erin Kerrigan, Founder, and Managing Director of Kerrigan Advisors. Today Kerrigan walks us...
Cox Automotive study shows many buyers unhappy with OEM subscription fees
Monthly and annual subscription services aren't brand new to the auto world (e.g., SiriusXM radio), but automakers have gradually been expanding vehicle-specific subscriptions for...
Renault releases Q1 results, says IPO still possible next year
Electric vehicle maker Renault said Friday that although revenue had dropped to $10.6 billion throughout the first quarter, the decrease was not as significant as analysts...
Toyota makes $383 million investment in U.S. manufacturing
Toyota said Tuesday it would be investing $383 million into increasing the production of hybrid vehicles at four of its U.S.-based manufacturing plants. The investment builds...
Stellantis suspends manufacturing operations in Russia
Stellantis said on Tuesday that it would be following several other automakers in shutting down its plant in Russia due to issues with logistics and ongoing...
Automakers restart production at some China-based plants after COVID lockdowns
Automakers said on Monday that they would be restarting production at certain plants in China after COVID-19 restrictions shut them down for weeks. The so-called “zero-COVID”...
Toyota executive doesn’t see car prices dropping anytime soon
At the New York Auto Show this week, Toyota North America's Executive Vice President Bob Carter said that the high and rising prices of...
Hyundai’s Ioniq 5 takes home three awards at NY Auto Show
This week, various awards were given out at the New York Auto Show, and Hyundai's Ioniq 5 took home three of the big categories. The...
