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18.09.26 - 20:13
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Auto Stocks Slide As VW Cuts Outlook, Industry Urges Trump To Keep BYD Cars Out (ZeroHedge)
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Auto Stocks Slide As VW Cuts Outlook, Industry Urges Trump To Keep BYD Cars Out
Earnings pressure and trade-policy uncertainty are weighing on auto stocks on Friday.
Volkswagen shares fell as much as 7.5% after the struggling European automaker lowered its operating-margin forecast, reflecting a write-down on its Porsche stake and weak Chinese demand.
Separately, US auto industry groups urged the Trump administration to maintain restrictions on Chinese vehicles, according to a Bloomberg report.
"Allowing them to open a domestic facility would provide a foothold in the US market at the expense of manufacturers operating here," the coalition wrote.
Signatories include the Alliance for Automotive Innovation, whose members include Ford, General Motors, Toyota and Volkswagen, alongside Autos Drive America, the American Automotive Policy Council and the National Automobile Dealers Association.
The letter to the White House, seen by Bloomberg, comes less than a week before President Trump m...
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21.07.26 - 16:48
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"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time (ZeroHedge)
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"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance.
The Detroit automaker also lifted its full-year guidance for the second time in 2026.
It's amazing what happens when the federal government isn't pressuring your business to convert entirely into an entirely new unprofitable line of products because "climate change"...
The report says that GM now expects adjusted EBIT of $14 billion to $16 billion and adjusted earnings of $12 to $14 per share, citing improving EV economics, modest pricing gains, regulatory benefits, and continued efforts to offset tariff expenses.
"Customer dem...
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21.07.26 - 16:21
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ROUNDUP: US-Autobauer General Motors erhöht Ausblick fürs Tagesgeschäft (DPA-AFX)
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Der US-Autobauer General Motors (GM) erwartet aus dem Tagesgeschäft nach einem guten zweiten Quartal mehr Gewinn für das laufende Jahr. Verkaufspreise und Kosten dürften sich besser entwickeln als bisher gedacht. Unternehmenschefin Mary Barra will den Schwung nach eigenen Worten bis ins kommende Jahr und darüber hinaus nutzen.. --- Beim geplanten Nettogewinn in diesem Jahr macht die Chefin aber Abstriche wegen höherer Sonderkosten für die Kehrtwende bei Elektroautos. Statt bis zu 11,4 Milliarden Dollar Gewinn dürften es so nur noch höchstens 9,8 Milliarden werden. Die großen US-Autobauer hatten nach gestrichenen Subventionen für Elektroautos und geänderten Abgasregeln bereits im vergangenen Jahr ihr Angebot umgekrempelt und wieder stärker auf den Verbrennerantrieb ausgerichtet..
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02.07.26 - 08:24
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General Motors Q2 US Sales Decline 4.2% (AFX)
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WASHINGTON (dpa-AFX) - General Motors Co. (GM) Thursday said that its US sales fell 4.2 percent in the second quarter to 714,896 vehicles. The automotive manufacturer said that a smaller EV market......
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