Aston Martin’s stock drops 10% as the luxury carmaker cautions that tariffs and low demand will impact profits.
Aston Martin Faces Significant Losses as Stock Prices Drop Aston Martin saw its stocks plummet by 10% on Monday, exacerbating its annual losses. This decline is largely attributed to weaker demand in North America and Asia-Pacific, compounded by the effects of US tariffs. The automaker’s recent disclosures reveal annual losses surpassing £110 million ($147.81 million). […]
Stellantis chief executive Carlos Tavares resigns as carmaker struggles | Stellantis
Jeep, Fiat and Peugeot car maker Stellantis announced on Sunday that Carlos Tavares will step down as chief executive and aim to find a new leader in the first half of next year. Tavares, previously considered one of the auto industry's most respected executives, said earlier this year that Stellantis issued a profit warning for […]
Carmaker Recalls Over 400,000 SUVs Over Crash Risk From ‘Unintended Vehicle Movement’
Kia America is recalling 427,407 Kia Telluride SUVs over concerns that a shaft misalignment could cause the vehicles to move while parked and cause a crash, authorities announced Tuesday. The Irvine, Calif.-based manufacturer said the intermediate shaft and right front driveshaft in each affected vehicle “may not fully mate due to suspected improper assembly by […]
Second major carmaker says it won’t advertise during Super Bowl
Automaker Stellantis announced Friday that it will opt out of this year's Super Bowl advertising. A Stellantis spokesperson said: “We remain focused on maintaining the fundamentals of our business to mitigate the impact of the challenging U.S. auto market, and we are evaluating our business needs and taking steps to protect our North American operations […]