South Korea's Hyundai Motor Co raised its annual sales and profit margin guidance on Wednesday, after recording a 15% rise in quarterly net profit helped by a weaker won currency, robust sales of electric vehicles (EVs) and increased production.

Japan's Nissan Motor roughly doubled its first-quarter profit on Wednesday, boosted by higher production and sales in North America and Japan and a weaker yen and it lifted its full-year outlook.

Porsche AG warned on Wednesday that supply chain problems were hampering battery-electric vehicle (BEV) production and pointed to slower growth in Europe and China, but kept its BEV sales target on the basis that luxury demand was more resilient to downturns.

General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and margins in its key North American market fell from the first quarter, despite a jump in revenue and per-vehicle transaction prices.

We are excited to announce a fun initiative that presents a unique opportunity for our member companies to showcase their teams in a national spotlight!

General Motors Co. raised its profit target for the year by at least $1 billion and said its second-quarter earnings beat analysts estimates on stronger-than-expected US sales, especially its largest and most profitable models. 

New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S&P Global Mobility said on Monday. 

A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.

Join automotiveMastermind’s Joshua Dail and S&P Global Mobility’s Matt Derenthal to explore why proactively and consistently engaging lease customers is key to preventing buybacks and achieving sustainable dealership success.

Volvo Car AB fell the most in three months after high lithium costs dragged down its electric-vehicle returns during the second quarter and broader pricing concerns sparked by industry leader Tesla Inc.