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While many major OEMs like Ford, Tesla, and Stellantis have posted disappointing financial returns for Q2 2024, Hyundai Motor Group just reported its strongest quarter on record. Q2 revenue rose 6.6% year-on-year to an all-time high of KRW 45.02tr (US$30.3bn), while net profit rose 24.7% to KRW 4.17tr, besting its previous Q2 2022 record of […]
Hyundai prioritises hybrids amid flagging EV demand Read More »
Global semiconductor manufacturer STMicroelectronics (ST) posted a Q2 2024 net revenue of US$3.23bn, a 25.3% drop from the same quarter in 2023. Net income also fell dramatically year-on-year from US$1.1bn to US$353m (-68%). This continues an overall financial decline for the company: in Q1 2024, it recorded revenues of US$3.5bn—19% lower than Q4 2023. Jean-Marc
STMicroelectronics reports a drop in demand from automotive Read More »
Future Truck North America 2024 March 11, 2024 Our Future Truck North America online event brings together more than 1,000 stakeholders to discuss the business models, technologies and trends shaping the future of trucking. Find out more Future Truck Europe 2024 June 24, 2024 Our Future Truck North America online event brings together more than
Tough conditions in Q2 2024 decelerate Ford’s EV output Read More »
The key vehicle segmentation trend in recent years, aside from powertrain shifts, has been the rise and rise of SUVs and crossovers in all vehicle sizes. Traditional vehicle types, notably sedans and estates, have seen their shares reduce, with several OEMs exiting these segments. However, for those remaining in traditional segments, demand continues to exist,
Vehicle segment changes leave remaining niches to incumbents Read More »
UK commercial vehicle (CV) manufacturing fell -2.9% in the first six months of the year as 56,956 vans, trucks, taxis, buses and coaches left factory gates, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT) UK commercial vehicle (CV) manufacturing fell -2.9% in the first six months of
SMMT: CV production still strong despite supply chain-constrained first half year fall Read More »
UK car production fell -7.6% in the first six months of the year, according to new figures published today by the Society of Motor Manufacturers and Traders (SMMT) UK car production fell -7.6% in the first six months of the year, according to new figures published today by the Society of Motor Manufacturers and Traders
SMMT: Car production down in first half as manufacturers invest in electric future Read More »
Stellantis is the latest major automaker to post less than stellar Q2/H1 2024 results. On 25 July, the automaker’s report stated that net revenue is down 14% year-on-year to €85bn (US$92bn), and net profits have fallen 48% to €5.6bn. The results continue a downward trend seen in the previous quarter, where revenue fell 11.7% to
Stellantis: CEO Tavares calls H1 2024 a “bump in the road” Read More »
On 24 July 2024, Ford released its Q2 earnings report. The automaker underperformed against expectations, with adjusted profits coming in at US$0.47 per share. This is well below consensus analyst expectations of around US$0.68 and a 35% slide from the US$0.72 Ford reported in Q2 2023. For contrast, GM exceeded analyst expectations of US$2.72 earnings
Ford reaffirms long-term strategy after poor Q2 2024 results Read More »
Q2-2024 was the sixth successive quarter of y-o-y decline in Tesla’s group operating margin as it fell 3.3pts to 6.3%. Although sequentially, the Q2 margin was an improvement from the Q1-2024 margin of 5.5%. This was entirely due to the higher sales of regulatory credits which increased to US$890m in Q2-2024 from US$442m in Q1-2024
Tesla Q2 2024 results Read More »
Home › Data › Global light vehicle sales forecast – July 2024 edition Automotive World’s monthly global light vehicle sales forecast provides a snapshot of past and future sales volumes broken down by region It’s time to log in (or subscribe). Not a member? Subscribe now and let us help you understand the future of
Global light vehicle sales forecast – July 2024 edition Read More »
