Positive - AutoZone surpassed earnings expectations, Toyota investing in Texas factory, Nikola receiving major order.

From Nasdaq: 2024-05-28 09:33:00

In April 2024, new car registrations in the EU market rose by 13.7% year-over-year, totaling 913,995 units. Registrations in key markets such as Germany, Spain, France, and Italy saw significant growth. In the first four months of the year, EU market vehicle registrations reached 3.7 million units, up 6.6% year-over-year. AutoZone reported earnings of $36.69 per share for third-quarter fiscal 2024, surpassing expectations with net sales of $4,235.5 million. Toyota announced a $531 million investment in its Texas factory to improve components production. Tesla reduced Model Y production in China due to weakening demand, while Nikola received a major order for hydrogen fuel cell electric trucks from AiLO Logistics. Shyft Group partnered with Amerit Fleet Solutions to provide ongoing support for EV trucks across the US.



Read more at Nasdaq: Auto Roundup: AZO’s Q3 Results, TM’s $531M Investment & More