View Interior Photos of the 2025 Kia EV6 GT
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For its third model year, the Kia EV6 GT sees minor styling updates but also increased horsepower and a new combustion-engine-emulating mode.
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32 minutes ago
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Thai vehicle sales rise 5% in May
Thailand's new vehicle market expanded by 5% to 52,229 units in May 2025, up from weak year-earlier sales of 49,871 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). May was the second consecutive month of growth for the market, after two years of sharp declines - blamed largely on tight lending criteria by banks and auto finance companies in response to a sharp rise in non-performing loans (NPLs). This has left the country's highly indebted consumers and small businesses struggling to access financing. Vehicle sales last year fell by 26% to a fifteen-year low of 572,675 units. The market last month continued to be driven by strong sales of battery electric vehicles (BEVs), mainly by Chinese automakers as they continued to ramp up local production to compensate for their earlier imports under the Thai government's EV3.0 investment incentive programme. Sales of pickup trucks continued to fall sharply, however. In the first five months of 2025 the Thai vehicle market declined by 3% to 252,615 units from 260,365 units in the same period last year, with sales of pickup trucks falling by 17% to 62,467 units; passenger pickup trucks 15,365 units (-7%); internal combustion engine (ICE) passenger vehicles 62,553 units (-11%); and hybrid vehicles 55,374 units (-6%), while sales of battery electric vehicles (BEVs) increased by 23% to 53,955 units. The Thai government is considering introducing scrappage incentives to encourage owners to trade in their old pickup trucks for new ones. Earlier this year the government launched a THB 5 billion loan-guarantee programme, which runs until the end of the year, to support pickup truck purchases by local small and medium-sized businesses. So far, this has not had a significant impact on pickup truck sales, however. Surapong Paisitpatanapong, vice-chairman of the FTI's Automotive Industry Club, supports the government's scrappage incentive proposal, saying: "We support the trade-in programme for pickups. It should increase sales by between 50,000 and 100,000 vehicles. In fact, it would be better if the government extended this measure to cover passenger cars too." Thailand remains the ASEAN region's largest vehicle producer, despite an 8% drop in output to 594,492 units in the first five months of 2025. Exports fell by 10% to 390,095 units, due to sluggish overseas demand, rising competition from China-based automakers and tightened emissions regulations in some key markets. The FTI last month said it expects full-year vehicle output to drop to 1.4 million units in 2025, down from the 1.5 million units it had forecast earlier in the year. This compares with 1.84 million units produced in 2023. Vehicle and component manufacturers also face the added pressure of new import tariffs in the US. "Thai vehicle sales rise 5% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Trending tickers: The latest investor updates on Tesla, Micron, FedEx, Babcock and Halfords
Sales of Tesla (TSLA) cars across Europe fell for the fifth month in a row, according to data released on Wednesday morning. The figures published by the European Automobile Manufacturers Association (ACEA) showed that Tesla's new car registrations in Europe dropped 27.9% in May, to 13,863 vehicles, compared to the same month last year. That came even as sales of battery electric vehicles (BEVs) across Europe increased by 27.2% from a year earlier. Read more: FTSE 100 LIVE: Stocks rise as Iran-Israel ceasefire lifts sentiment The carmaker's shares were little changed in pre-market trading on Wednesday morning, having fallen 2.4% in the previous session amid reports that the its robotaxi launch had hit some early roadblocks. In videos posted on social media platform X, Tesla robotaxis appeared to violate local traffic laws by driving above speed limits, swerving across lanes, and hesitating to turn. Chipmaker Micron (MU) is in focus ahead of the release of its third-quarter earnings after the US market close on Wednesday. The company has said it expects revenue for the three months to come in at $8.8bn (£6.5bn), plus or minus $200m, while diluted earnings per share (EPS) are expected to come in at $1.57, plus or minus $0.10. That would be an increase from revenue of $6.81bn and diluted EPS of $0.62 for the same quarter last year. Read more: Oil price rebounds as traders assess fragile Israel-Iran ceasefire The results come on the heels of an announcement earlier in June that Micron and the Trump administration were set to increase the company's investment in the US to $200bn. Of this amount, $150bn is set to be invested in domestic memory manufacturing, while $50bn will go towards research and development, which Micron said would create about 90,000 jobs. Shares in Micron (MU) are up 52% year-to-date and are trading close to all-time highs. Shares in FedEx (FDX) were down nearly 6% in pre-market trading on Wednesday, after the logistics giant's guidance fell short of expectations. FedEx's fourth-quarter earnings beat estimates, with revenue of $22.2bn coming in ahead of an expected $21.75bn. Adjusted earnings of $6.07 per share also bested consensus forecasts of $5.81. Read more: Stocks that are trending today However, for the first quarter, FedEx said it expected adjusted earnings to be in the range of $3.40 to $4.00 per share, compared to Wall Street expectations of $4.03. As for the full year ahead, FedEx said it was forecasting cost reductions of $1bn from its transformation programmes. In addition, the company expected capital spending of $4.5bn, with the focus on investing in its network optimisation and efficiency improvements, including fleet and facility modernisation and automation. On the London market, shares of Babcock International (BAB.L) jumped 12.5% on Wednesday morning, on the back of the defence firm's latest results. CEO David Lockwood hailed a "new era for defence" in the company's preliminary full-year results on Wednesday, in which it posted revenue of £4.8bn ($6.5bn) versus £4.4bn last year. The engineering company reported operating profit of £363.9m, up from £241.6m last year. Babcock also recommended a final dividend of 4.5p per share, taking the total payout for the year to 6.5p per share, compared to 5p last year. In addition, Babcock announced a £200m share buyback, which it planned to execute over the 2026 fiscal year. Stocks: Create your watchlist and portfolio Shares in Babcock are up 132% year-to-date, buoyed by government pledges to spend more on defence. Russ Mould, investment director at AJ Bell (AJB.L), said: "The shift in foreign policy under the Trump administration is pushing European countries to up their military spending, although much of this will be yet to come through, so the fact Babcock is already seeing improved trading is encouraging. 'Some eyebrows may be raised at the decision to launch the company's debut share buyback when its share price is at its highest level in more than a decade and not a million miles off its all-time high from 2014. Although, in fairness, this is merely following the recent trend for UK companies to return an increasing proportion of the capital they dole out to shareholders this way." Despite beating expectations with its latest results, shares in UK cycling and car products retailer Halfords (HFD.L) were muted on Wednesday morning, as the company offered some cautious guidance for the year ahead. In preliminary results for the year to 28 March, Halfords reported underlying pre-tax profit of £38.4m, besting a company-provided analyst consensus forecast of £36.3m. Revenue of £1.72bn was up 2.5% on a like-for-like basis. Halfords CEO Henry Birch said he was "cautiously optimistic" about the year ahead, noting "continued macroeconomic uncertainty and its impact on the way our customers feel about spending their money". Read more: Bank of England governor says interest rates path is 'still downwards' "While inflation appears to be moderating and interest rates are falling, the negative outlook for employment and the impact of geopolitical instability continues to weigh on confidence and is keeping the savings ratio high despite rising real incomes," he said. Chris Beauchamp, chief market analyst at IG, said: "Halfords has become the latest retailer to issue a cautious update on the outlook for consumer spending, which comes despite its steady expansion into the higher-margin car servicing business. "The rise in earnings for the autocentre division suggests the new CEO appointment is bearing fruit. Overall, today's numbers seem to provide the justification for the recent share price bounce to the current eighteen-month highs." Read more: Key questions to ask yourself to plan for a comfortable retirement Best credit card deals of the week, 25 June Bitcoin price regains ground as Israel-Iran tensions simmer
Yahoo
an hour ago
- Yahoo
Pony.ai Added to Nasdaq Golden Dragon China Index, Shares Surge 16.7%
GUANGZHOU, China, June 25, 2025 /PRNewswire/ -- The Nasdaq Golden Dragon China Index recently announced its latest component adjustment. (NASDAQ:PONY) has been added to the index, effective June 23. This inclusion makes the only company dedicated to autonomous driving in the benchmark index, which is widely tracked by global investors. Based on the latest update, the index comprises 73 constituents, selected based on market capitalization and liquidity criteria. It spans diverse sectors, with significant weightings in technology (e.g., Alibaba, NetEase), consumer services (e.g., Atour Lifestyle), and electric vehicles (e.g., NIO, XPeng), among others. The Nasdaq Golden Dragon China Index is a key benchmark tracking the performance of Chinese companies listed on major U.S. stock exchanges, including Nasdaq and the New York Stock Exchange. Launched in 2003, the index serves as a critical gauge for global investors seeking exposure to China's dynamic economy through U.S.-listed equities. CFO Leo Wang stated: "Being included in the Nasdaq Golden Dragon China Index marks a milestone for as a newly listed company. Following our successful Nasdaq listing in November 2024, this inclusion is expected to attract greater attention from a broader investor base and offer global investors a more accessible avenue to participate in growth. This increased visibility supports our efforts to further advance our commercialization to enable autonomous mobility worldwide." Founded in 2016, is committed to autonomous driving technology development and commercialization. The company currently operates a Robotaxi fleet of approximately 300 vehicles across four major Chinese cities: Beijing, Shanghai, Guangzhou, and Shenzhen. This fleet handles various traffic scenarios, including densely populated urban environments and highways, even under adverse weather conditions. The company unveiled its 7th generation autonomous driving system in April, which is the world's first autonomous driving kit to use 100% automotive-grade components, slashing its BOM costs by 70%. In the second half of 2025, aims to start mass production and deployment of its gen-7 robotaxis, jointly developed with Toyota, GAC, and BAIC, increasing its fleet to 1,000 units by the end of 2025. Shares of rose 16.7% to $13.3 on June 24. The Nasdaq Golden Dragon China Index rose 3.3%, its biggest jump in over a month. View original content: SOURCE Effettua l'accesso per consultare il tuo portafoglio
