Focusing on traditional car companies,Stellantis ‘revenue in the first half of the year was 85 billion euros.
Stellantis’ revenue in the first half of the year was 85 billion euros, down 14% year-on-year.
net profit was 5.
6 billion euros, down 48% year-on-year.
adjusted EBITDA fell 40% year-on-year to 8.
5 billion euros, lower than analysts ‘expectations of 8.
85 billion euros.
adjusted operating profit margin was 10%.
Stellantis is preparing to cut off non-profitable brands.
Stellantis CEO Carlos Tavares said the company is taking steps to address the problems of weak profits and high inventories in its U.S. operations and will not hesitate to cut off underperforming brands in its huge business portfolio.
“If they can’t make money, we shut them down.
We can’t have brands that don’t make money anymore.
“, Hyundai Motor’s second-quarter profit hit a record high after reporting record quarterly profit on strong sales of high-margin cars.
Hyundai Motor’s second-quarter net profit was 4 trillion won (US$2.
89 billion), up from 3.
2 trillion won in the same period last year and the highest quarterly net profit since hitting a record high in the second quarter of 2022.
Focusing on electrification, Musk will discuss investing in xAI with Tesla’s board of directors.
On July 25, Tesla CEO Musk said that he would discuss with Tesla’s board of directors to invest US$5 billion in its artificial intelligence startup xAI.
Earlier, he launched a poll on social media platform X asking whether Tesla should invest $5 billion in xAI.
Of the nearly 1 million votes cast, more than two-thirds voted in favor.
, Stellantis is preparing to deliver zero-running cars in Europe.
Carlos Tavares, CEO of Stellantis, said that zero-running electric vehicles will enter the European market.
The first batch of zero-running electric vehicles shipped to Europe are departing from China.
There are 800 cars on board, but did not disclose which models they are.
Focusing on intelligence,Cruise plans to restart driverless driving services this year.
According to people familiar with the matter, Cruise, GM’s autonomous driving technology division, plans to resume fully autonomous driving services later this year and resume commercial charging before early 2025.
It is reported that Cruise resumed roads in three cities: Phoenix, Dallas and Houston in the second quarter to carry out autonomous driving under manual supervision.
Focusing on the Industrial and Economic Policy, the United States supports Canada’s electric vehicle measures against China.
David Cohen, the U.S. Ambassador to Canada, said that there are signs that the Canadian government is filling a “loophole” and preventing Chinese-made electric vehicles from entering the United States through Canada, thereby avoiding U.S. tariffs.
, Return to the first electric network home page>,.
