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 […]