10 March 2026 | 8:04PM CST Equity Research NIO Inc. (NIO): 4Q25 First Take: Operating profit beat on cost saving, with higher loss from equity investees; Neutral Nio reported 4Q25 result with total revenue in line with GSe, EBIT beat on better SG&A cost savings, but Non-GAAP net income missed mainly from expanding losses from equity investees. 1Q26 volume and revenue guidance was largely in line with expectations, with vehicle sales volume of 80k-83k units (+7%/-8% vs. GSe /Consensus at the midpoint) and re ...

Toyota (TM), the world's largest automaker, is chugging along despite steep tariff hits to its business. The Japanese automaker said the impact of tariffs in its fiscal second quarter hit 450 billion yen ($2.93 billion), with its year-to-date amount hitting 900 billion yen ($5.86 billion). Toyota also raised its full-year tariff projection to 1.45 trillion yen ($9.43 billion) from its previous outlook of ¥1.40 trillion ($9.11 billion). "Despite the impact of US tariffs, strong demand supported by produ ...