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Bloomberg
3 days ago
- Automotive
- Bloomberg
NXP Shares Decline After Automotive Chip Sales Remain Sluggish
NXP Semiconductors NV shares slid in late trading after the chipmaker posted a second-quarter sales decline, hurt by a sluggish automotive market. Revenue fell 6% to $2.93 billion in the period, the Dutch chipmaker said in a statement on Monday. The sales were roughly in line with analysts' estimates, according to data compiled by Bloomberg.
Yahoo
15-07-2025
- Automotive
- Yahoo
H1 2025 financial figures and FY 2025 financial outlook
PRESS RELEASEJuly 15, 2025 H1 2025 financial figures and FY 2025 financial outlook H1 2025 preliminary financial figures Update of FY 2025 financial outlook Strengthening of the cost reduction plan Boulogne-Billancourt, France - July 15, 2025 Renault Group announces its H1 2025 preliminary financial figures: Group revenue at €27.6bn, up +2.5% operating margin at 6.0% of Group revenue free cash-flow at €47m (including a significantly negative change in the working capital requirement estimated at c. -€900m, excluding tax effect) These results have been impacted by a lower than anticipated performance in June with: volumes slightly lower than expected, an increasing commercial pressure due to the continuing decline in the retail market and an underperformance of the LCV business in a sharply declining market in Europe, a level of receivables impacted by billing timing differences over the last days of the month. Furthermore, the significantly negative change in the working capital requirement in H1 2025 is explained by: a level of production at the end of 2024 higher than at the end of June 2025, a higher OEM inventories level compared to the end of December 2024 due to lower-than-expected volumes in June. However, total inventories (OEM level and independent dealers) stood at 530,000 vehicles at the end of June, down compared to March 2025 (560,000 vehicles). In order to take into account the deterioration of the automotive market trends with an increasing commercial pressure from its competitors and the anticipation of the continuation of the retail market decline, Renault Group is now aiming to achieve for FY 2025: an operating margin around 6.5% (versus ≥7% previously) a free cash-flow between 1.0 and 1.5 billion euros (versus ≥2 billion euros previously) In this context, Renault Group is pursuing its strict commercial policy, prioritizing value creation over volume to protect its launches. Renault Group is also strengthening its short-term cost reduction plan and accelerating on its initiatives with more structural levers. This plan is mainly based on SG&A cost reduction, manufacturing and R&D savings. All the details will be shared during the half-year results presentation. To meet the challenges of an increasingly competitive market, Renault Group can rely on its strong fundamentals: A flexible and agile business model to meet market demands for combustion, hybrid and electric vehicles, whatever the pace of the energy transition An attractive line-up for European and international markets, supported by 7 launches and 2 facelifts in 2025 to complement the 10 launches and 2 facelifts in 2024 A focus on the most profitable channel of sales to retail customers in Europe (+15 points above market average) A rigorous approach to residual values1, 4 to 13 points higher than European peers A strong orderbook in Europe, representing around two months of sales, reflecting the success of the products A healthy management of inventories A high plant utilization rate, around 90% on average The preliminary figures released in this press release are not audited. Renault Group will publish its H1 2025 results on July 31, 2025. A press conference will be held today at 18:15 (CEST) with Duncan Minto, Renault Group Interim CEO and CFO: Conference streaming RENAULT GROUPPRESS RELATIONS Valérie Gillot +33 6 83 92 92 Rie Yamane +33 6 03 16 35 20 GROUPINVESTOR RELATIONS Philippine de 6 13 45 68 39 About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its 4 brands - Renault - Dacia - Alpine and Mobilize - and offers sustainable and innovative mobility solutions to its in 114 countries, Renault Group sold 2.265 million vehicles in 2024. It employs more than 98,000 people who embody its Purpose every day, so that mobility brings people to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value-generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group's ambition is to achieve carbon neutrality in Europe by 2040. 1 For the Renault and Dacia brands (passenger cars) in France, Germany, Spain, Italy and the United Kingdom. Attachment Press release RG July 15 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Automotive
- Yahoo
7 Key Signs Hybrid Cars Aren't the Right Purchase for You
As the overall trajectory of the automotive market continues to lean toward electric vehicle (EV) companies, carmakers are trying to plug into the hybrid car market. Though they have sprung up around the world and traditional carmakers are retooling their lineups, EVs still face an uphill battle in a lot of ways. Learn More: For You: The pace at which EV sales are growing has fallen short of industry expectations. With electric specifically, Americans seem to remain cautious regarding their high prices, limited battery ranges and insufficient charging infrastructure. Hybrid cars offer numerous benefits to drivers — including reduced emissions, savings at the pump, savings on regular maintenance and through tax credits and incentives, unmatched fuel economy and resale value. Hybrids (but not plug-in hybrids [PHEVs]) are also becoming more reliable. Depending on an individual's needs, driving habits and priorities — including things like size, features and budget — hybrids might not be the right choice for everyone. Here are seven signs that a hybrid car might not be the best purchase for you. Generally speaking, hybrids tend to cost more than comparable gas-powered vehicles (but less than EVs). So, if you're on a tight budget or prioritize upfront affordability, a hybrid might not be the best choice for you. Although hybrid owners often justify the higher purchase cost of their vehicle by saying that they'll make that up eventually with fuel savings, this might take longer than buyers think. Many drivers who choose to buy eco-friendly and fully electric motor power want to lessen their impact on the environment. With a hybrid, you are still partially dependent on fossil fuels as it runs on both electricity and gas. Additionally, hybrids still have some environmental impact during the manufacturing process and vehicle battery pack disposal. Consider This: Although automakers are expanding performance capabilities and building quality designs throughout their lineups all the time, hybrids are manufactured to improve fuel efficiency and lower carbon emissions. Because of this, they generally have slower top-end acceleration than traditional models. If power and handling are must-haves, you might be disappointed at your hybrid options. Hybrid cars have two sources of power (the gas engine and the electric motor), so there is less regular wear and tear on the car's engine — and typically fewer trips to the mechanic. However, as Kia noted on their website, when repairs are needed, it may be difficult to find an affordable mechanic who specializes in hybrid technology. Luckily, batteries can last more than 150,000 miles. But when they finally go, they are expensive to replace. Both hybrid and electric vehicles tend to thrive in stop-and-go city traffic, where their regenerative braking systems come into play. If your daily commute takes significant miles or is mainly spent on the highway, or if you're a strictly Sunday driver — popping out to the grocery store once a week or driving only short distances — paying more for a hybrid vehicle might not be worth your while. Don't worry. You can absolutely tow with your hybrid, but because fuel engines — which are necessary for towing and hauling — are frequently smaller in these models, towing capacity is lower. The Hyundai Ioniq and the Toyota Prius weren't exactly engineered to create the power needed to move your car, the people with you and a heavy load. In many cases, it costs more to insure a hybrid because they're worth more than traditional ICE vehicles. Due to specialized technology and higher damage claim and repair costs, you can expect to pay more on average — an estimated 7% to 11% more — to insure a hybrid vehicle or electric car as compared to its traditional gas-powered counterpart. David Nadelle contributed to the reporting for this article. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks The 10 Most Reliable SUVs of 2025 This article originally appeared on 7 Key Signs Hybrid Cars Aren't the Right Purchase for You
