Tag: Profit margins
China’s New EV Maker Reports $9,200 Loss Per Smart Car – Autoblog
Xiaomi, the Chinese tech giant known for its smartphones, made a bold move into the electric vehicle market with the launch of its Speed Ultra 7 (SU7) sedan. The company's new auto branch reported...
Drivers Overcharged £1.6 Billion for Fuel by Retailers: Auto Express
Drivers were shocked to learn that they were overcharged a staggering £1.6 billion for fuel by retailers last year. The Competition and Markets Authority (CMA) revealed that retailer profit margins have risen significantly since...
Tesla’s Price Cuts Boost Global Sales, Yet More Improvement Needed
Tesla has been facing a decline in global deliveries since 2020, but recent aggressive price cuts have helped boost sales, according to the latest data from the company. Despite the improvement, global deliveries are...
Stellantis Sales Decline: What’s Going Wrong?
Stellantis recently released its second-quarter sales figures, and the results are not looking great. Most of the Detroit-based brands, such as Ram, Jeep, and Chrysler, have experienced a significant decline in sales. Ram, in...