Like many automakers proper now, Aston Martin is not doing effectively. US tariffs and weakening demand in China have compelled the model to slash its monetary outlook for the 12 months. On Thursday, the corporate introduced it will extra seemingly break even by the tip of 2025, reasonably than make a revenue. Now, the corporate
The Volkswagen Group had set its sights on bringing Cupra to america by the tip of the last decade. Nonetheless, the plan introduced a couple of 12 months in the past is not in place, because the Spanish automaker has “strategically determined to postpone” its entry into the U.S. till after 2030. Why? It cites
Volkswagen Group has reported its second-quarter monetary outcomes, and it’s not excellent news. Working earnings from April to June had been down a whopping 29.4 %, with the automaker going through elevated stress from the US’s new tariffs. They’ve value the corporate €1.3 billion ($1.5 billion at right this moment’s trade price) by means of
After 4 tumultuous years on the helm of Stellantis, Carlos Tavares unexpectedly stepped down final December, regardless of having one other 12 months left on his contract. The corporate took about six months to discover a alternative, in the end appointing Antonio Filosa late final month to steer the automotive conglomerate and its 14 automobile