Category: Business

Find insight on Geely Automobile, Ferrari, Li Auto and more in the latest Market Talks covering the Auto and Transport sector.

Ferrari posted higher sales and earnings in the third quarter and said it was more confident that it would hit its annual guidance, racing ahead of other car makers that are grappling with weakening sales amid a slower-than-expected shift to electric vehicles and challenges in China.

The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.

UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.

The real-estate company posted a net loss of 592 million euros for the first nine months of 2024, and continues to expect its full-year result to reach the upper end of its guidance range.

The French lender reported a better-than-expected fall in net profit and confirmed its guidance for the year.

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

The news organization had warned that its election-forecasting tool might not be operational; some staffers debate the merits of the labor action.

Chief Executive Devin Nunes said the company continues to explore additional possibilities for growth such as potential mergers and acquisitions, including in the realm of fintech.

Commerzbank raised its full-year outlook after net profit came in ahead of analysts’ expectations.