• 005380
• BMWG
• F
• GM
• HMC
• STLA
• TM
• VLVLY
• VOWG_p

European automakers most at risk from US dockworkers strike, analysts say

The dockworkers strike at U.S. ports primarily impacts European automakers' imports, but potential industry-wide consequences loom. Companies are assessing and adapting to mitigate disruptions.

• VOWG_p

Dieselgate trial of former VW chief suspended due to ailing health

The trial of ex-Volkswagen CEO Martin Winterkorn over dieselgate is suspended due to health issues, with a new trial date considered for early 2025.

• 8TRA
• VOWG_p

Volkswagen's truck unit Traton plans to increase profitability by 2029

Traton outlines five-year goals focused on electrification, aiming for a 50% increase in electric truck sales, improved profitability, and expanded North American market share.

• BMWG
• F
• MBGAF
• RENA
• STLAM
• TM
• VOWG_p

European carmakers warn on profits as sector grapples with weak demand, rising costs

Stellantis and other European automakers warn of declining demand and rising costs, affected by weak markets in China and the US, resulting in significant drops in stock values.

• AML
• BMWG
• MBGAF
• RENA
• STLA
• STLAM
• STOXX
• VOWG_p

European autos stocks wipe off $10 billion after Stellantis warning

European auto stocks fell nearly 4% due to warnings from key companies about earnings declines amid slowing demand and increased competition, with forecasts predicting a 14% drop in 2024.

• III
• STLA
• STOXX
• UK100
• VOWG_p

European shares fall at start of data-intensive week

• QMCO
• VOWG
• VOWG_p

Porsche downgraded to "hold" at Stifel

Porsche Automobil Holding SE downgraded to Hold by Stifel due to reduced dividends from Volkswagen, financial governance issues, and a complex investment portfolio affecting deleveraging prospects.

• VOWG_p

Volkswagen cuts guidance again as demand softens

Volkswagen AG has reduced sales and profitability forecasts due to decreased vehicle demand and economic slowdown, anticipating lower figures for sales, deliveries, and cash flow this year.

• VOWG_p

Volkswagen cuts 2024 outlook as car demand falters

Volkswagen lowers its annual outlook amid weak performance and global demands, joining other German automakers facing market challenges, particularly influenced by China and economic conditions.

• SBF120
• STLAM
• STOXX
• VOWG_p

Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts

Forvia lowered its annual sales and profit forecasts again due to weak auto demand and announced accelerated job cuts in Europe, impacting its financial outlook.