United StatesAuto And Cars

SunCar Technology (NASDAQ:SDA), a leading player in the auto insurance and technology services sectors, has reported strong third-quarter 2025 results, with revenue rising 6% to $115.8 million. The company returned to profitability, posting net income of $1.4 million, a significant turnaround from a loss of $1.4 million in the same period last year. Adjusted EBITDA soared by 128% to $4.9 million, reflecting improved operational efficiency and strong business performance.

CarMax (NYSE:KMX) reported mixed third-quarter results for the period ending November 30, 2025.

Retail used unit sales decreased by 8%, and comparable store used unit sales dropped 9%.

China Automotive Systems (NASDAQ:CAAS) announced that its subsidiary, Hubei Henglong, has won a contract to supply its column-assist electric power steering (C-EPS) system for a new South American vehicle platform.

Ford Motor (NYSE:F) will absorb a massive $19.5 billion writedown after slashing its electric vehicle (EV) strategy, scrapping long-planned investments and pulling back production in response to a steep drop in consumer demand.

Chinese EV maker XPENG (XPEV) has secured a strategic partnership with Malaysia's EP Manufacturing Berhad (EPMB) to launch localized production in Malacca, establishing its third global manufacturing base to serve the booming ASEAN market.