NXP Tumbles After Auto Industry Slump Weighs on Its Forecast

1 day, 8 hours ago

Siemens’s FY25 outlook has too many moving parts

Siemens Ltd’s shares have plummeted about 10% in the past two trading sessions. In the energy vertical, the transmission & distribution business is doing well, but Siemens is not bidding for line commutated converter -based high-voltage direct current projects as it does not offer LCC technology. According to a Nuvama Research report, Siemens’s energy business delivered an Ebit margin of …

Business Energy Lcc Hvdc Fy25 Vsc Parts Siemens

4 days, 8 hours ago

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points

Hindustan Times

Indian stocks edged lower on Friday, dragged down by declines in IT and financial sectors, as investor concerns persisted over the Federal Reserve's forecast of fewer interest rate cuts next year, prompting a wave of foreign fund outflows. The BSE Sensex closed 1,176 points lower at 78,041.59, and the NSE Nifty slipped 1.52 per cent to close at 23,587.50 Sensex …

Stocks Indian Stock Markets Fed Rate Sensex

4 days, 18 hours ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

China Japan Sales Honda Million Cent 2023

4 days, 18 hours ago

No Merry Christmas for investors: Markets log biggest weekly fall since June 2022

New Indian Express

Expectations of a festive rally on Dalal Street have been dashed, as the US Federal Reserve’s hawkish commentary on future rate cuts has spooked markets. India’s equity benchmark indices – the BSE Sensex and NSE Nifty – recorded their steepest weekly declines in over two years, plummeting nearly 5 per cent each. Investors bore massive losses, with the market capitalisation …

Nifty Sensex

4 days, 19 hours ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

Industry Cars Car British Production Cent Electric

EU automakers offer deals to boost EV sales

Trending News

6 days, 18 hours ago

EU automakers offer deals to boost EV sales

China Daily

By EARLE GALE in London | chinadaily.com.cn | Updated: 2024-12-18 02:32 Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that …

Reuters Ev Sales European Automakers

Trending News

6 days, 18 hours ago

EU automakers offer deals to boost EV sales

China Daily

Europe's electric vehicle, or EV, makers are offering deals to try to boost sales and avoid 15 billion euros of fines that could be heading their way if they fail to meet new quotas set by the European Union. With the bloc insisting, as of Jan 1, 2025, that at least 20 percent of cars sold by Europe's automakers are …

Reuters Ev Sales European Boost Sales Eu Automakers

1 week ago

Sensex falls nearly 1,000 points: 3 key factors for the market crash today

India Today

Stock markets tanked in early trade on Tuesday as the benchmark indices Sensex and Nifty dropped around 1% for the second straight session. Despite the decline in the main indices, midcap and smallcap stocks performed slightly better, with both Nifty Midcap and Nifty Smallcap falling only 0.06%. KEY REASONS FOR MARKET CRASH US FEDERAL RESERVE MEETING - Global markets are …

India Stocks Market Global Markets Nifty Decline Fed

1 week, 1 day ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

Europe China Tesla Germany Vehicles Economic Prices

1 week, 3 days ago

Pfizer reports $11.4 billion profit in Dutch operations despite post-pandemic decline

NL Times

Pharmaceutical giant Pfizer has recorded 11.4 billion dollars in profit from its Dutch subsidiary, C.P. Pfizer’s global revenue fell sharply from 74.4 billion dollars in 2022 to 46.9 billion euros over the past year. Pfizer's Dutch arm, which had reported 19.9 billion dollars in profits in 2021/2022 and 18.7 billion dollars in 2020/2021, has now returned to pre-pandemic profit levels …

Dutch Profit Billion Dollars Pfizer

1 week, 5 days ago

China's auto sector achieves strong growth in November

China Daily

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

China Auto 2024 Units Million Nev

1 week, 6 days ago

Why Newsom’s electric vehicle mandate is in trouble

LA Times

The headwinds are fueling fresh doubts about the mandate from California Gov. For example, a vehicle manufacturer’s ZEV sales for model year 2026 must be at least 35% of the average of total sales for all kinds of vehicles from 2022 to 2024. While the state’s math may allow California to meet the 2026 target, attainment of the 100% zero …

Tesla Trump Sales Model Mexico State Newsom

Mint Quick Edit | Car sales seem stuck in second gear

Trending News

2 weeks ago

Mint Quick Edit | Car sales seem stuck in second gear

Live Mint

Close on the heels of a surprisingly weak gross domestic product growth reading, automobile sales data, seen as a an important indicator of economic activity in India, has spelt another round of disappointment. Retail sales of passenger vehicles in November fell 14% from a year earlier, according to data issued by the Federation of Automobile Dealers Associations on Monday. This …

2 weeks, 1 day ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

China Market Auto Sales 2024 Million Byd

2 weeks, 1 day ago

Stock Market Today: Sensex, Nifty Settle Lower As Investors Await Inflation Numbers

ABP News

Stock Market Today: The Sensex and Nifty traded within a narrow range and ended lower on Monday as investors awaited two crucial economic data releases later in the week—US consumer price inflation data on December 11 and India’s CPI data on December 12. Sectorial Update The Nifty FMCG index dropped over 2 per cent, weighed down by a more than …

Stock Nifty Cent Sensex

Brisk year of vehicle sales shows no sign of stopping

China Daily

Chinese auto brands face mixed prospects as competition in the industry intensifies As year-end approaches, China's automotive market is thriving, with domestic automakers reporting a strong performance in November and foreseeing fiercer competition to propel deliveries to new heights in December. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of …

Auto Sales Units Chinese Million Sold Target

Brisk year of vehicle sales shows no sign of stopping

China Daily

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Auto Sales Units Chinese Million Sold Vehicle

Brisk year of vehicle sales shows no sign of stopping

China Daily

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Auto Sales Chinese Sold Vehicle Target Byd

2 weeks, 4 days ago

Nomura lowers PV growth forecast for Q3FY25, upgrades 2W outlook on rural demand revival

Live Mint

Japanese brokerage firm Nomura revised its FY25 third-quarter growth estimate for India’s passenger vehicle industry to 1% YoY, down from the earlier projection of 4% YoY. Rural revival, affordable EVs propel 2-wheeler demand While maintaining a weak outlook for the PV segment, the brokerage revised its FY25/3E growth forecast for the two-wheeler industry upward to 12% YoY, from the earlier …

India Growth Industry Demand Yoy Nomura

2 weeks, 5 days ago

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030

Daily Mail

Ford's UK boss has demanded a return of subsidies for electric cars that were scrapped in 2022 - as new figures show manufacturers are not on target to hit the Government's 22 per cent sales goal for this year. Lisa Brankin, chair of Ford UK and Ireland, says the Government needs to introduce 'substantial' subsidies to drive sales of electric …

Government Cars Vehicles Electric Vehicles Sales Chinese Cent

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Trending News

2 weeks, 5 days ago

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Daily Mail

Electric vehicles accounted for more than a quarter of all new cars bought in the UK last month but demand is being propped up by 'unsustainable' manufacturer discounts, the trade body has warned. New car sales in the UK declined by 1.9 per cent in November, with 153,610 motors joining the road, latest figures from the Society of Manufacturers and …

Government Market Industry Car Sales Cent Electric

3 weeks ago

Chinese chip firms say they can withstand new US export curbs

Deccan Chronicle

Beijing/Seoul: Chinese chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they would be able to continue production thanks to recent efforts to build equipment stockpiles. While Chinese authorities called the move "economic coercion", the measures appeared to have little impact on chip-making stocks, which rose slightly on Tuesday as …

China Equipment Chinese This Year Chip Curbs Cxmt

3 weeks ago

Explained: Why KPIT Technologies share price jumped 6% today

India Today

Shares of KPIT Technologies rose nearly 6% on Tuesday, buoyed by positive sentiment from brokerage firms and investor confidence in the company’s recovery prospects. Global brokerage firm JP Morgan reiterated its 'Overweight' rating on KPIT Technologies, setting a price target of Rs 1,900, which indicates a potential upside of 42% from the last closing price of Rs 1,342. In addition …

Jp Morgan Brokerage Kpit Kpit Technologies Technologies Jumped Kpit Tech

3 weeks ago

Zscaler raises annual revenue forecast, announces CFO’s retirement

Live Mint

Dec 2 - Zscaler on Monday raised its annual revenue forecast after beating estimates for quarterly revenue on strong demand for its cybersecurity services, but its shares fell more than 6% in extended trading as its report failed to impress investors. However, Zscaler's forecast for second-quarter revenue, which was largely in line with Wall Street estimates, failed to keep up …

Quarter Zscaler Revenue Forecast

3 weeks, 1 day ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Market Stock Cent Ola Bajaj Auto Ola Electric Citi

3 weeks, 1 day ago

Explained: Why Ola Electric share price jumped after falling 5% in early trade

India Today

Shares of Ola Electric have recovered sharply after tumbling 5.5% in early trade on Monday, following a sharp 33% drop in November sales to 27,746 units. However, shares of Ola Electric witnessed a sharp recovery at around 11:11 am, trading 3.01% higher at Rs 90.05. Despite the drop in sales, Ola retained its leadership with a 25.09% market share in …

Market Crore Ola Tvs Bajaj Auto Ola Electric Trade Shares

3 weeks, 2 days ago

PV industry sees tepid growth in November; SUVs, rural demand push sales

Live Mint

After a heady October, car makers had to contend with a headache in November as growth in car dispatches to dealerships petered to low single-digits for most manufacturers, with Hyundai’s figures even declining year-on-year. Overall industry sees slow growth Industry sales for November are estimated to be around 350,000 vehicles, a 3.8-4% y-o-y growth, Banerjee said. Tata Motors grows, Hyundai …

India Growth Rural Units Hyundai Motor Toyota

Week Ahead: Auto sales, RBI Policy, FII outflow, global cues among key market triggers for Sensex, Nifty 50

Trending News

3 weeks, 2 days ago

Week Ahead: Auto sales, RBI Policy, FII outflow, global cues among key market triggers for Sensex, Nifty 50

Live Mint

The Indian stock market extended its gains for the second consecutive week amid volatility, initially driven by robust investor sentiment and renewed buying following the decisive victory of the BJP-led NDA in the Maharashtra assembly elections—a state of significant economic importance. In the first week of December, investors will closely monitor key market triggers, including the Monetary Policy Committee meeting …

Global India Policy Markets Stocks Ukraine Russia

3 weeks, 4 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

Growth Market Car Sales 2025 Nev Million Evs

3 weeks, 5 days ago

UK car production falls for the eighth month after slow take up of electric vehicles and looming fines

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Car production in the UK …

Cars Car Production Cent Electric Britain Car Makers

3 weeks, 5 days ago

Beyond Northvolt bankruptcy, a story of the West struggling China tightening its grip on EV, clean tech markets

Firstpost

Northvolt’s story isn’t just about the big bucks of its big backers. It has doled out some important lessons about what’s wrong with current strategies Western nations are using to compete with China in the electric vehicle supply chain Swedish company Northvolt's bankruptcy is a cautionary tale for the West as it tries to compete with China in the EV …

Europe China Tech West Western Swedish Northvolt

3 weeks, 5 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

China War Market Tesla Price War Price Byd

3 weeks, 5 days ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

CNN

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

China Market Car Price War Cnn Letter Byd

3 weeks, 6 days ago

The UK will consult on sales targets for automakers during the transition to electric vehicles

Associated Press

LONDON — Britain’s new Labour government will launch a consultation on auto manufacturers’ sales targets during the transition to electric vehicles, following the decision by Stellantis, the owner of Vauxhall, to close its van factory in southern England at the potential cost of 1,100 jobs. Reynolds confirmed plans to review the ZEV mandate as part of a consultation on the …

Labour Vehicles Electric Vehicles Electric Manufacturers Reynolds Zev

3 weeks, 6 days ago

Sensex, Nifty open flat; Adani Green Energy shares gain 2%

India Today

Benchmark stock market indices opened flat on Wednesday after having seen a rebound in the previous few sesions. The Adani group stocks gained up to 5% in early trade after Adani Green Energy Ltd issued a statement clarifying that Gautam Adani, Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices …

Trump

4 weeks ago

Vauxhall will close its Luton factory in April with more than 1,100 jobs at risk after warning it may halt UK production amid row over government's electric vehicle targets

Daily Mail

Vauxhall's parent company Stellantis has announced plans to close its van plant in Luton, days after it warned the government that it could slash production in Britain over Labour's tough electric vehicle sales targets. Email: [email protected] Vauxhall parent firm Stellantis says it will close its Luton van factory next year to consolidate production at its Ellesmere Port plant Ellesmere Port …

Government Cars Labour Jobs Car Germany Vehicles

4 weeks, 1 day ago

Northvolt’s bankruptcy and the EV crash

Live Mint

Electric-vehicle dreams are crashing into reality, and the latest signs come from Europe. Swedish battery manufacturer Northvolt last week filed for bankruptcy, one day after Ford announced 4,000 job cuts in Europe because of the government-mandated EV transition. Ford last week said Europe needs more “public investments in charging infrastructure" and “meaningful incentives to help consumers make the shift." Public …

Europe Auto Ford Northvolt

1 month ago

German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers’ woes

Associated Press

FRANKFURT, Germany — Germany’s technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared with …

Germany Auto End German Bosch

1 month ago

EV sales fall off a cliff in Delhi amid pollution emergency

Live Mint

No incentive, won’t buy. The double whammy arising from a lack of both state and central government support has led to fleet buyers pausing sales in Delhi, which has 8,000 registered electric cabs. Ajay Agarwal, chairperson of Federation of Dealers’ Association of India -Delhi, and owner of TREO Tata, told Mint that the withdrawal of incentives such as registration fee …

Policy Delhi Sales Faridabad State Gurugram Units

1 month ago

China's NEV boom boon for global auto sector

China Daily

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

China Trade Auto Chinese Ciie Nev Global Market

1 month ago

China's NEV boom boon for global auto sector

China Daily

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China Auto Chinese Shanghai Toyota Nev

1 month ago

China's NEV boom boon for global auto sector

China Daily

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China Auto Chinese Shanghai Toyota Nev

1 month ago

China's NEV boom boon for global auto sector

China Daily

An eVTOL is on display at the seventh China International Import Expo in Shanghai on Nov 7. ZHANG WEI/CHINA DAILY "We aim for the technologies developed in China to influence our R&D approach worldwide, enhancing products and technologies that can be applied across global markets," said Xu. "China's manufacturing sector has matured significantly, providing a strong foundation for us to …

China Trade Market Auto Chinese Ciie Nev

1 month ago

China's NEV boom boon for global auto sector

China Daily

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China Auto Chinese Shanghai Toyota Nev

1 month ago

Nissan’s Overly Ambitious Goals Fuel Investor, Supplier Distrust

Live Mint

-- Nissan Motor Co.’s latest outlook downgrade has shined a light on the Japanese carmaker’s tendency to overpromise and underdeliver, testing the trust of its investors and suppliers. Chief Executive Officer Makoto Uchida, appears to realize as much, saying that “Nissan needs to be better at measuring the accuracy of its goals.” Uchida, who forfeited half of his compensation beginning …

Japan Honda Bloomberg Toyota Yoshida Nissan Carmaker

1 month ago

Nvidia Says New Chip Remains on Track, Helping Soothe Investors

Live Mint

-- Nvidia Corp. assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid …

Revenue Billion Quarter Ai Intel Huang Blackwell

1 month ago

Intuit forecasts quarterly results below estimates on weak demand, promotions delay

Live Mint

Nov 21 - Intuit projected second-quarter revenue and profit below market estimates on Thursday, hampered by sluggish demand for its financial management services and a planned change in the timing of its promotions. The company's consumer group, which caters to individuals, is expected to see a single-digit revenue decline in the second quarter due to the delay in promotions for …

Intuit Forecasts Quarter

Nvidia’s coming year will be a turbulent one

Trending News

1 month ago

Nvidia’s coming year will be a turbulent one

Live Mint

One problem with being on top is there is often nowhere to go but down. The chip maker’s fiscal third-quarter report Wednesday afternoon showed annual sales crossing the $100 billion mark for the first time ever—more than double what it was generating a year ago. But the stock still slipped about 2% in after-hours trading since the projection beat Wall …

Company Billion Quarter Nvidia Blackwell

1 month ago

Nvidia’s supply snags hurting deliveries but mask booming demand

Live Mint

By Stephen Nellis and Aditya Soni SAN FRANCISCO/BENGALURU - Nvidia's revenue forecast on Wednesday disappointed Wall Street, raising questions over whether the artificial intelligence boom is waning. Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, pushing its stock down 2.5% after hours, and said supply chain constraints would lead to demand for its chips exceeding supply for …

Supply Nvidia Chip Chips Blackwell Nvidia Executives

1 month ago

Nvidia Q3 Results: Stock declines even as revenue nearly doubles; guidance fails to meet expectations

Live Mint

Nvidia Q3 Results: Nvidia delivered blockbuster third-quarter results on Wednesday, with revenue nearly doubling amid unrelenting demand for its artificial intelligence chips. The company posted revenue of $35.08 billion for the quarter ending October 27, a staggering 94 per cent increase from $18.12 billion in the same period last year. “The guidance seems to show lower growth, but this may …

Revenue Billion Ai Nvidia

NXP Tumbles After Auto Industry Slump Weighs on Its Forecast

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