car-sales | ABS-CBN News

Toyota Q3 net profit down 8 percent, full-year forecasts unchanged

Agence France-Presse
Posted at Feb 09 02:25 PM

Japanese automaker Toyota said Thursday its net profit for the third quarter fell 8 percent, but it left its full-year forecasts unchanged. Read more »

Vehicle sales hit pre-pandemic level

Jekki Pascual, ABS-CBN News
Updated as of Sep 15 04:14 PM

Motor vehicle sales almost doubled in August 2022 compared to the same period last year, stakeholders said Thursday. Read more »

GM announces it will make electric Corvette

Agence France-Presse
Posted at Apr 26 10:14 AM

US carmaker General Motors announced that it is developing an electric version of its Chevrolet Corvette. Read more »

Ukraine war slams brakes on European car sales

Agence France-Presse
Posted at Apr 20 06:07 PM

European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with shortages of semiconductors. Read more »

Japan new car sales drop 31 pct in Oct on supply woes

Kyodo News
Posted at Nov 01 03:45 PM

New car sales in Japan dived 31.3 percent in October from a year earlier to 279,341 vehicles, due to a global semiconductor shortage and supply chain disruptions. Read more »

Tesla market value crosses $800 billion for the first time

Reuters
Posted at Jan 08 11:18 PM

Shares of Tesla Inc jumped 4.9% on Friday, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever.   Read more »

UK lockdown causes biggest drop in new car sales since World War 2

Costas Pitas, Reuters
Posted at Jan 06 09:45 AM

British new car sales fell nearly 30 percent last year in their biggest annual drop since 1943 as lockdown measures to curb the spread of the coronavirus hit the sector, a trade industry body said on Wednesday. Read more »

Tesla's quarterly report could land Musk another $3 billion

Noel Randewich, Reuters
Posted at Oct 07 05:37 AM

The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package. Read more »

Tesla reports big jump in car deliveries in 3Q

Agence France-Presse
Posted at Oct 03 04:23 AM

NEW YORK - Tesla delivered 139,300 autos in the third quarter, topping analyst estimates, according to figures released Friday by the electric car company. Read more »

'Entry level', compact cars sales seen to boost auto sector recovery

ABS-CBN News
Posted at Jul 14 04:47 PM

Although recovery is unlikely to happen this year, the group is optimistic that sales will start to pickup in the last quarter, said Chamber of Automotive Manufacturers of the Philippines president Rommel Gutierrez.    Read more »

European auto market hit by record sales plunge

Agence France-Presse
Posted at May 19 06:24 PM

Europe's auto market suffered a record plunge in April according to sector data released on Tuesday, and is unlikely to make up the loss this year, an analyst said. Read more »

Toyota expects FY 2020 operating profit to dive 79.5% on coronavirus

Kyodo News
Posted at May 12 08:28 PM

Toyota Motor Corp. said Tuesday it expects group operating profit in fiscal 2020 to drop 79.5 percent to 500 billion yen ($4.65 billion), the lowest in nine years, as the global auto industry feels the strain from the coronavirus pandemic. Read more »