Start-up of the Week: Conifer unveils ‘drop-in’ electric hub motor free of rare earth minerals
With a handful of global customers, Conifer plans to start shipping production motors later in 2025...
Tag : automobile
IF Insights: Amid plummeting sales, European Union’s EV dreams get ‘Italian Reality Check’
New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged by double-digit losses in major markets Germany, France and Italy...
China outpaces Japan in global vehicle exports for 2023
China's auto sector has experienced rapid growth in recent years, partially due to investments in electric cars, an area where Japanese firms have been more hesitant...
IF Insights: Through ‘AI Factory’, Nvidia-Foxconn eyes changing the manufacturing game
Foxconn announced that the vehicles it produces as a contract manufacturer will be built with Nvidia's Drive Hyperion 9 platform...
IF Insights: China’s EV boom & Beijing’s economic aspirations
China has surpassed Japan as the world’s largest automobile exporter, as of the first quarter of 2023...
IF Insights: Will Brexit bring doom for the UK automobile sector?
Before Brexit, the UK was part of the EU's single market and customs union, allowing the free movement of goods, services, and capital...
Aston Martin to unveil plans for $6.4bn float on London Stock Exchange
The iconic luxury automobile manufacturer had reportedly appointed advisers to oversee an IPO earlier this year...
Tesla stock drops after Musk abandons plans to go private
The famed Tesla CEO backed out of his plan to take the electric vehicle manufacturing giant private, and wall street remained divided about the stock...
Tesla stock soars after Elon Musk tweets plan to take company private
In a move that stunned investors, the famed Tesla CEO tweeted that he would push to take his all-electric automaker private in a deal potentially worth billions of dollars...
GM expects earnings growth again in 2017
US auto major increases stock repurchase program January 12, 2017: General Motors Co. (NYSE: GM) said it expects its 2017 earnings per share (EPS) diluted-adjusted to increase to $6.00-$6.50, up from its 2016 calendar-year outlook of $5.50-$6.00. In 2017, the company also expects to maintain or improve EBIT-adjusted and EBIT-adjusted margin on higher revenues, compared to 2016, and...