Transportation

The company has made progress in Brazil and Mexico, though its international business remains in the red.

Many domestic makers are receiving greater support following the changes, widening the disparity.

Lower costs and higher utilization are improving unit economics, but not enough to bring the company out of the red.

Higher-margin services adjacent to its car business boosted overall results.

NEV growth and an improved product mix supported the carmaker’s earnings, but profit expansion remained uneven.

The funding will support the Xpeng subsidiary in scaling production of its modular eVTOL vehicle.

Profits from its domestic mobility operations are funding international expansion and autonomous driving investment.

The Hong Kong carrier eyes a fuel surcharge hike, while Qantas and other peers rush to adjust.