TomTom auto recovery drives earnings beat, lifts shares
(Reuters) – Shares in Dutch mapping and navigation company TomTom jumped as much as 6% on Wednesday after it reported quarterly results ahead of analysts’ forecasts, boosted by strong automotive sales in a recovering industry. FILE PHOTO: TomTom mapping system…
Lexus beat Mercedes, BMW for U.S. luxury lead in third quarter
For the quarter, Lexus sold 29,438 RX midsize crossovers — more than twice the volume of its next-bestselling model, the NX compact crossover, at 13,204. Bob Carter, head of sales for Toyota Motor North America, said the strong third-quarter performance…
Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Asbury Automotive Group (ABG), which belongs to the Zacks Automotive – Retail and Whole…
Jim Ellis group works to help Atlanta beat COVID
ATLANTA – Atlanta Beats Covid, or ABC, includes volunteer makers, engineers, fabricators, seamsters, and other “Southeast industry experts.” That group works to provide healthcare providers and other Atlanta community members with the necessary personal protective equipment, or PPE, that they need…
Honda Ekes Out Estimate Beat in Third Quarter: Auto Sales Update
(Bloomberg) — Auto sales are recovering from the pandemic-induced slump earlier this year, with third-quarter deliveries beating expectations as consumers ditch shared rides for their own vehicles and seize on cheaper borrowing costs. Fiat Chrysler Automobiles NV, General Motors Co.,…
China ‘Star of the Show,’ Automaker Set To Beat Q3 Delivery Forecast
After the lukewarm reception to Tesla Inc’s (NASDAQ: TSLA) Batter Day, the next catalyst will be the release of third-quarter deliveries by the EV maker. © Provided by Benzinga The Tesla Analyst: Wedbush analyst Daniel Ives maintained a Neutral rating…
Auto Stock Roundup: TSLA Battery Day, AZO & KMX Earnings Beat and More
Last week’s highlight was the much-hyped Tesla Battery Day, held on Sep 22. While the firm’s CEO Musk announced a series of vertical integration improvements and technological advancements, it seems that the “Battery Day” promises did not live up to…
Britain’s car industry will BEAT Germany’s in a WTO drag-race, writes JONG LOHNWORTH | Express Comment | Comment
Ignore the scaremongering by the Society of Motor Manufacturers and Traders (SMMT). Claims that a failure on the part of the Government to secure a free trade deal with the European Union will be devastating for Britain’s automotive industry are…
Tractors become first to beat previous year’s sales even as cars, bikes struggle
© Swaraj Baggonkar This week in auto: Tractors become first to beat previous year’s sales even as cars, bikes struggle While all eyes are on reviving sentiments impacting the automobile industry, there is one segment that has quietly outperformed. The…
