Porsche’s stock price has taken a significant hit after analyst reports turned bearish, with a 39% price target reduction and a downgrade to ‘Underperform’ from Bank of America.
Porsche’s stock price has plummeted after Bank of America downgraded the company’s stock from ‘Neutral’ to ‘Underperform’, citing negative sales development as the main culprit.
Aisin Co. has demonstrated resilience in a volatile market, maintaining a stable price trajectory and strong financial performance despite market fluctuations.
Renault’s stock price has declined following the announcement of CEO Luca de Meo’s departure and Nissan’s plan to reduce its stake in the company, leading to market uncertainty and a potential lasting impact on the company’s strategy and operations.
Toyota’s chairman has received a record 1.9 billion yen pay package, sparking criticism of the company’s governance and leadership amidst ongoing scandals and a need for sustainability efforts.
Renault’s CEO Luca de Meo is stepping down after five years, leading to a decline in the company’s share price and sparking a surge in Kering’s shares as de Meo is appointed as the French luxury group’s new CEO.