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Qualcomm to acquire Alphawave Semi for $2.4bn
Qualcomm will acquire Alphawave Semi to enhance its data centre capabilities, combining advanced connectivity and compute technologies to address demand in high-performance computing and AI.
Nio Reports Q1 2025 Losses Amid Strategic Restructuring
Nio’s Q1 2025 results show reduced revenue and margins, with cash reserves declining. Strategic measures are planned to improve Q2 performance and financial stability amid market pressures.
Xiaomi Reports Reduced Losses in EV Sales for Q1 2025
Xiaomi's Q1 2025 report shows reduced average loss per electric vehicle sold to USD 903, with plans for capacity expansion and positive demand for the upcoming YU7 model.
Hertz Shares Fall After Q1 Earnings and $250m Stock Offering
Hertz reported weaker first-quarter earnings and announced a $250 million stock offering, citing reduced fleet capacity and tariffs affecting bookings and pricing dynamics.
Cummins Inc. Declares Quarterly Dividend of $1.82 Per Share
Cummins Inc. announced a quarterly cash dividend of $1.82 per share, payable on 5 June 2025 to shareholders recorded by 23 May 2025. The company reported $3.9 billion net income on $34.1 billion sales in 2024.
Honda Reports 76% Decline in Q4 Operating Profit
Honda's operating profit fell 76% in Q4, missing estimates amid rising US tariffs. Full-year revenue rose 6.2%, but operating profit declined 12.2%, impacted by trade tensions and strategic shifts.
Uber Q1 Earnings Beat EPS, Miss Revenue Estimates
Uber reported higher earnings per share but slightly missed revenue expectations in Q1 2025, with growth in ride-sharing and delivery segments and expansion in autonomous vehicle services.
Rivian Revises 2025 Delivery Targets and Capital Expenditure
Rivian lowers 2025 vehicle delivery guidance and raises capital expenditure forecast amid tariff impacts, while maintaining earnings expectations and reporting improved Q1 financial results.
Ferrari Reports 17% Profit Rise, Warns of US Tariff Impact
Ferrari's net profit rose 17% in Q1 2025, driven by personalised vehicle demand. The company cautions US tariffs on EU imports may reduce profitability margins this year.
Ford to Report Q1 Earnings and 2025 Outlook Amid Tariff Concerns
Ford Motor prepares to release Q1 earnings and 2025 guidance amid uncertainty from US auto tariffs impacting industry forecasts and investor expectations.
European Auto Makers Suspend Earnings Guidance Amid Tariff Impact
European automotive companies report decreased profits and withdraw financial guidance following U.S. tariffs. Uncertainty over trade policies hampers long-term investment decisions.
Volkswagen Q1 Profit Falls 37% Amid Tariff Concerns
Volkswagen's first-quarter operating profit declined 37% to €2.9bn, impacted by US tariffs and global market volatility, with full-year forecasts lowered amid political and trade uncertainties.
ABAX Group Reports 2024 Financial Results and Strategic Developments
ABAX Group recorded a 2.6% revenue increase to 819.7 million NOK in 2024, with strategic acquisitions and enhanced product innovation supporting its market position and future growth plans.
General Motors Prepares to Report Q1 Earnings Amid Tariff Challenges
General Motors is scheduled to release Q1 earnings, with Wall Street focusing on 2025 guidance amid uncertainties from 25% auto tariffs impacting production and costs.
Verizon Reports Record Q1 Earnings Despite Postpaid Churn
Verizon delivered record Q1 2025 adjusted EBITDA and broadband subscriber growth, driven by strategic initiatives and cost efficiency, while managing challenges from postpaid churn and tariff uncertainties.
Tesla Weighs India Entry Amid Tariff and Timing Challenges
Tesla's CFO confirmed ongoing plans to enter the Indian market, highlighting tariff obstacles and careful timing considerations amid recent sales declines and evolving trade policies.
Financial Firms Face Challenges Modernising IT for AI and Blockchain
Nearly half of financial services firms report legacy technology hindering AI integration, with increased investments in AI, cloud, blockchain, and data harmonisation to address infrastructure gaps.
RoboSense Technology Co. Reports Significant Growth in 2024
RoboSense's revenue and LiDAR sales experienced substantial growth in 2024, reflecting advancements in technology and strategic partnerships across various sectors.
ZF Friedrichshafen AG Reports Decline in Fiscal Year 2024
ZF Friedrichshafen AG's sales decreased by 11% in 2024, affected by strategic realignment and restructuring amid challenging market conditions.
Volkswagen Reports 15% Decline in Annual Operating Profit
Volkswagen experienced a 15% decrease in annual profit, attributing this to rising costs and restructuring efforts, while forecasting a revenue increase for 2025.
Goodyear Implements Two-Year Transformation Strategy
Goodyear is executing a transformation plan aimed at enhancing operational efficiency and profitability amid ongoing market challenges and investor scrutiny.
Polestar Secures Financing Amid Delayed Financial Reports
Polestar has obtained a financing facility to enhance working capital, while further postponing the release of its financial results for 2024.
ABAX Group AS Reports Q4 2024 Financial Results
ABAX Group AS reports stable revenue growth and strategic advancements in Q4 2024, bolstered by the acquisition of Fleet360 and operational efficiencies.
Rivian Reports Revenue Growth in Q4 2024 Financial Results
Rivian Automotive announces Q4 2024 revenue of $170 million, marking a significant recovery from losses, alongside 2024 full year outcomes.
Lucid Group Focuses on Production and Marketing Strategies
Lucid Group's interim CEO outlines priorities to enhance vehicle production and marketing efforts in light of leadership changes and recent stock downgrade.
GM Increases Dividend and Launches $6 Billion Buyback Plan
General Motors has raised its quarterly dividend by 25% and initiated a $6 billion stock buyback programme as part of its capital allocation strategy.
Stellantis Anticipates Revenue Growth Following Profit Decline
Stellantis forecasts a return to revenue growth in 2025 after reporting a 70% decrease in net profit for 2024 amidst industry challenges.
Lucid Group Announces CEO Change and Production Plans
Lucid Group CEO Peter Rawlinson steps down as the company targets over 20,000 vehicle production in 2025, amid reported financial losses.
Carvana Reports Strong Q4 Performance and 2024 Projections
Carvana exceeded Q4 earnings expectations and forecasts growth in retail vehicle sales and adjusted EBITDA for 2024, projecting continued positive financial performance.
Lyft Reports Fourth-Quarter Results and $500 Million Repurchase
Lyft's fourth-quarter performance fell short of expectations, with a revenue of $1.55 billion and a $500-million share repurchase programme announced amid competitive pricing strategies.
Ford Motor Company Earnings Report Expectations
Ford Motor Company is set to announce its earnings, with Wall Street anticipating a slight decline in automotive revenue amid ongoing tariff concerns and recent challenges.
Toyota Reports Decline in Third-Quarter Operating Profit
Toyota Motor posted a near 28% drop in operating profit, while announcing the establishment of a new company for electric vehicle production in China.
Ferrari Reports 21% Increase in Full-Year Profit
Ferrari posts a 21% rise in net profit for 2024, projecting a 5% revenue increase to over €7 billion in 2025 amid growing demand for personalised vehicles.
General Motors Set to Report Earnings and 2025 Guidance
General Motors prepares to release earnings, anticipating revenue growth and adjusted earnings per share increases, while also updating guidance amidst operational changes.
Rivian Achieves 2024 Production Target After Adjustments
Rivian produced 49,476 vehicles in 2023, meeting revised targets after resolving supply chain issues. Financial results to be announced on 20 February.
Tesla Reports First Annual Delivery Decline in 2023
Tesla's 2023 annual deliveries declined as competition intensifies, leading to reduced growth expectations and a notable drop in stock value.
ZF Group Sells 4.3% Stake in ZF CVCS India
ZF Group has divested 4.3% of its subsidiary ZF CVCS India, enhancing liquidity for growth while maintaining majority control of the company.
Xiaomi Reports Q3 2024 Revenue of $12.7 Billion
Xiaomi's Q3 2024 results show record revenue growth, driven by EV sales and strong performance across its smartphone and IoT segments.
MapmyIndia and Hyundai Autoever Establish Joint Venture
MapmyIndia announces a joint venture with Hyundai Autoever for map-based solutions in Southeast Asia, targeting multimillion-dollar revenues over the next five years.
Nissan Shares Drop Over 10% Following Quarterly Results
Nissan reports significant profit decline and reduced production capacity, leading to a 10% drop in shares and changes in executive pay structures.
Rivian Adjusts Earnings Forecast Following Q3 Revenue Miss
Rivian Automotive revises its annual earnings guidance after reporting lower than expected third-quarter revenue and losses, attributing it to production disruptions.
Lucid Group Reports Third-Quarter Financial Performance
Lucid Group's third-quarter results show slight revenue increase, but widening losses and rising costs raise concerns ahead of new SUV production plans.
Nio to Release Q3 2024 Financial Results on November 20
Nio will announce its Q3 2024 unaudited financial results on November 20, with an earnings call scheduled for the same day before U.S. markets open.
Toyota Reports Decline in Q2 Operating Profit
Toyota's Q2 operating profit fell nearly 20%, missing analyst expectations, as the company faces challenges in adapting to the shift towards electric vehicles.
Li Auto Reports Strong Q3 but Lowers Q4 Guidance
Li Auto's Q3 revenue reached RMB 42.9 billion, surpassing estimates, yet Q4 guidance raises investor concerns regarding future performance.
Stellantis Reports 27% Revenue Decline in Q3 2023
Stellantis has reported a 27% drop in third-quarter revenues, attributing this to reduced shipments and ongoing inventory management efforts.
