Tag: Q2

By on September 24, 2019

Despite assuming the role of one of China’s most promising electric vehicle startups, NIO is struggling. The first quarter of this year was a mess. Worried about bad publicity stemming from battery fires, NIO recalled 4,800 vehicles ⁠— more than it sold in Q1. It also endured a noteworthy sales decline, a drop in share price, sold off its Formula E racing team, and announced it would cut around 10 percent of its workforce.

The situation has not improved for Q2. According to reports from the manufacturer, losses expanded 83.1 percent from the previous year to about 3.3 billion yuan ($463 million). Despite NIO’s recent addition of the ES6 crossover, Q2 sales were down 7.9 percent from Q1 ⁠— resulting in a grand total of 3,553 deliveries. NIO now believes it will have to sheer 20 percent of its workforce to save costs. (Read More…)

By on August 1, 2012

 

It’s not all blood and tears in Europe. Actually, the bloodier Europe looks, and the more Marchionne & Co do cry, the bigger the smiles at European carmakers with heavy exposure to foreign markets.  The Euro is way down, and a low Euro means heavy profits from abroad – if you have business abroad. BMW sure does, and it posted its second best quarterly earnings in company history. Profit before financial result (EBIT) amounted to € 2.27 billion in the April-June 2012 quarter. (Read More…)

Recent Comments

  • Old_WRX: Lie2me, “Here’s another question you won’t answer, what degree do you have from what...
  • CaddyDaddy: Amen to that. Please see recent video with youths regarding the meaning of the 4th of July. With the shut...
  • Lie2me: Here’s another question you won’t answer, what degree do you have from what college/university?
  • Lie2me: Yes, Boris, let’s eliminate the schools that way Americans will be as dumb as the Russians and so much...
  • Jeff S: If you are looking for a midsize diesel pickup in the US then its a Colorado or Canyon.

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber