Tata Motors recently reported a drop in Q2 profits and its first revenue decline in 10 quarters, mainly due to weaknesses in its luxury brand Jaguar Land Rover and domestic sales. The company expects a turnaround in Q3, with the festive season and wedding season driving up demand. Despite a broader decline in Indian consumption,…
Nissan is receiving criticism for its hybrid strategy, as analysts believe the company is overly reliant on electric vehicles (EVs). This criticism comes after Nissan announced drastic job cuts and a significant profit forecast downgrade, causing its stock to plummet. The company is facing challenges in the competitive markets of the US and China, with…
Stellantis, the carmaker behind brands like Jeep, Peugeot, and Fiat, faced challenges in the global car market and increased competition from China, leading to a revised operating margin forecast for 2024. Sales fell 27% in the third quarter, with difficulties in North America and Europe. Despite lower vehicle deliveries and revenue drops in North America,…