Rivian’s Q3 Misses Forecasts
Widens year-over-year net loss to $1.72 billion.
Widens year-over-year net loss to $1.72 billion.
Expert says a move away from ICE models could lift BEV and ICE markets for a time.
Expects weakened U.S. market in the spring.
Figures based on latest Kelley Blue Book average transaction price data.
Since early 2021, over 17,000 VW customers have paid for repairs over time with Sunbit technology.
Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).
October reflects multimonth decline.
Honda CFO says sales-service plan still being worked out.
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