Tag: Q3 earnings
Stellantis reports a 27% decline in Q3 profits
Stellantis, the parent company of Chrysler, Jeep, Dodge, and Ram, continues to struggle. Its third-quarter results, published on October 31, revealed that revenue fell by 27%....
BYD surpasses Tesla in quarterly revenue as hybrid sales drive record...
On Wednesday, China’s BYD reported a quarterly revenue of 201.1 billion yuan ($28.2 billion) for the third quarter, marking the first time it has...
Volkswagen faces union backlash over planned plant closures amid profit plunge
Volkswagen’s already struggling finances took another hit as it reported a 42% drop in third-quarter profits, reaching a three-year low. This economic blow came...
LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand
LG Energy Solution reported a significant operating profit drop of nearly 40% for the third quarter, attributing the decline to sluggish demand for electric...
Hyundai warns of slowing demand and rising competition amid 7% drop...
Hyundai Motor has reported a 7% drop in third-quarter operating profit, citing a slowdown in demand and increased competition in the global auto industry....
GM surpasses Wall Street Expectations with robust Q3 earnings
General Motors (GM) exceeded Wall Street's earnings expectations in its third quarter, reporting a net income of $3.056 billion on revenue of $48.757 billion,...
GM, Ford face investor scrutiny as EV losses persist and gasoline...
General Motors (GM) and Ford Motor are preparing to report their Q3 2024 results, with both automakers facing challenges that could affect investor sentiment....
U.S. automakers face mixed Q3 sales as affordability concerns weigh heavily...
Ford, Stellantis, and other major U.S. automakers reported mixed third quarter sales results, highlighting ongoing challenges in the industry as consumers grapple with affordability...
Polestar cements its position as a prominent EV competitor
Swedish carmaker Polestar released its third-quarter financial results on Friday, reporting skyrocketing revenue and gross profits as it continues to grow its position in...
Carvana’s Q3 losses shed light on slowing used car demand
Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly...
