Automotive & Mobility · Week of Nov 2, 2026
Q3 results and capital returns lead the week in auto releases
Third-quarter results from Autohome, ECARX and OPENLANE led a week that also brought capital moves, an acquisition and a leadership change at Toyota North America.
Third-quarter earnings dominated the week. Autohome reported lower revenue and net income but approved a US$1.58-per-ADS dividend, ECARX said rising memory costs cut its gross margin to 7.0% from 21.9%, and OPENLANE reported 13% revenue growth and narrowed its 2026 guidance. Capital returns ran through several releases: Autohome and OPENLANE both pointed to share buybacks, OPENLANE expanded its program to $400 million, and Dana launched cash tender offers for two series of senior notes.
Elsewhere, Autoliv completed its purchase of Italian seatbelt maker MCF Safety Belts to extend into commercial and specialty vehicles, and Highway Holdings closed a $7.0 million investment by David Lazar alongside a planned spin-off of its legacy business. Toyota Motor North America named Mark Templin to succeed Ted Ogawa as president and CEO from January 1, 2027, and Ballard said its FCmove-SC fuel cell engine has entered series production in the new Solaris Urbino 12 hydrogen bus.
Autohome Inc.
Autohome Inc. Announces Unaudited Third Quarter 2026 Financial Results
Autohome reported third-quarter net revenues of RMB1,315.0 million, down from RMB1,778.1 million, and net income attributable to the company of RMB195.0 million, compared with RMB436.6 million a year earlier. The board approved a cash dividend of US$1.58 per ADS, and the company says it had repurchased about US$155.4 million of ADSs under its US$400 million buyback as of October 30, 2026.
ECARX Holdings Inc.
ECARX Announces Third Quarter 2026 Unaudited Financial Results
ECARX reported third-quarter revenue of US$240.8 million, up 10% year-over-year, while its net loss widened to US$48.6 million and gross margin fell to 7.0% from 21.9%, which the company attributes mainly to rising memory costs. It reiterated full-year revenue guidance of US$1.0-US$1.1 billion and says total cash fell to US$53.7 million after a US$191.5 million payment for the Flyme software business.
OPENLANE, Inc.
OPENLANE, Inc. Reports Third Quarter 2026 Financial Results
OPENLANE reported third-quarter revenue of $561.2 million, up 13%, with Adjusted EBITDA up 23% to $106.8 million and GMV up 38% to approximately $10.0 billion, while net income slipped to $44.7 million from $47.9 million. The company narrowed 2026 guidance, and its board raised the share repurchase program to $400 million and extended it through December 31, 2027.
Highway Holdings Limited
Highway Holdings Limited Announces Closing of $7.0 Million Strategic Investment by David Lazar and Planned Spin-Off of Its Legacy Business to Existing Shareholders
Highway Holdings says David Lazar invested $7.0 million in convertible preferred shares that, on full conversion subject to shareholder approval, would represent approximately 95% of its common shares on a fully diluted basis. The company plans to spin off its legacy manufacturing business to existing shareholders within 365 days and to pay a $2.0 million cash dividend, and Lazar has become Chief Executive Officer.
Dana Incorporated
Dana Announces Launch of Tender Offers for Any and All of its Outstanding 4.250% Senior Notes due 2030 and 4.500% Senior Notes due 2032
Dana launched cash tender offers for any and all of its $226,800,000 of 4.250% Senior Notes due 2030 and $198,452,000 of 4.500% Senior Notes due 2032, with pricing set at fixed spreads of 50 bps and 60 bps over reference Treasuries. The offers expire at 5:00 p.m. New York City time on November 13, 2026, with settlement expected on or about November 17, 2026.
Toyota Motor North America
Toyota Motor North America (TMNA) Announces Executive Leadership Transition
Toyota Motor North America says Mark Templin will succeed Ted Ogawa as president and CEO on January 1, 2027, and Hiroshi Nambu will succeed Templin as chief operating officer. Ogawa, who has led TMNA since April 2020, will serve as Senior Executive Advisor through March 2027 and become a Senior Fellow at Toyota Motor Corporation in April 2027.
Autoliv
Autoliv Expands Its Commercial Vehicle Safety Business with the Acquisition of MCF Safety Belts
Autoliv completed its acquisition of MCF Safety Belts S.r.l., an Italian seatbelt and harness maker with approximately 60 employees and annual sales of around EUR 10 million. Autoliv says the deal extends its Mobility Safety Solutions business into off-road and specialty commercial vehicle markets and establishes a European hub for low-volume, high-variant seatbelt solutions.
Ballard Power Systems Inc.
Ballard FCmove®-SC fuel cell engine makes series-production debut in next-generation Solaris Urbino 12 hydrogen bus
Ballard says its FCmove-SC fuel cell engine is making its series-production debut in the new-generation Solaris Urbino 12 hydrogen bus, following an extension of the two companies' long-term supply agreement. The company says the engine delivers up to 80kW of rated power and 57% peak efficiency, with a specified lifetime exceeding 25,000 operating hours and a 40% reduction in part count.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not ScoopByte reporting.