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Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Automotive News· 4 days agoCFRA analyst Garrett Nelson said the announcement was a "big positive" and that Motional had been a drag on Aptiv's bottom line for a long time. As part ...
Lucid forecasts higher 2024 capital spend, maintains production forecast; shares fall
Reuters via Yahoo News· 4 hours ago(Reuters) -Lucid Group forecast higher capital expenditure this year and reiterated an annual...
Hybrid Cars Are Surging in Popularity Over EVs. Here’s the Real Reason They’re So Popular.
Barrons.com· 4 days agoHybrid vehicle sales are surging in the U.S. while battery-electric cars pile up on dealer lots....
Jeep, Ram parent Stellantis slides 10% as concern grows over 'bloated' inventory
Yahoo Finance· 6 days agoStellantis stock slid on Tuesday as the company reported first quarter sales and shipments that fell...
Car Stocks Are Getting Crushed. This Company Is to Blame.
Barrons.com· 6 days agoA year ago, sales topped €47 billion. Sales fell on a 10% drop in consolidated vehicle shipments....
UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags
Reuters via Yahoo Finance· 3 days agoCanada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy ...