Automotive & Mobility · Week of Nov 2, 2026
Q3 results and buybacks lead the week in automotive releases
Q3 earnings from Regal Rexnord, Autohome, ECARX and OPENLANE led the week, alongside buybacks, an Autoliv deal and executive changes.
Third quarter results dominated the week. OPENLANE reported revenue up 13% and expanded its buyback, ECARX grew revenue 10% but says rising memory costs cut its gross margin to 7.0%, Autohome posted lower revenue and net income, and Regal Rexnord swung to a GAAP net loss on a $119 million goodwill impairment tied to its autonomous mobile solutions business, which it is exploring selling.
Capital returns and portfolio moves were a second thread. OPENLANE raised its repurchase program to $400 million, Adient added $400M to its authorization and adopted a tax benefits preservation plan, and Autohome continued buying back ADSs while declaring a dividend. Autoliv completed the acquisition of Italy's MCF Safety Belts, while Toyota Motor North America and STAK Inc. announced leadership changes.
Regal Rexnord Corporation
REGAL REXNORD REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
Regal Rexnord reported third quarter sales of $1,588 million, up 6%, and a GAAP net loss of $12 million that included a $119 million goodwill impairment mainly related to its autonomous mobile solutions business. The company says it is exploring a sale of that business, lowered and narrowed GAAP EPS guidance to $3.76 to $4.06, and raised Adjusted Diluted EPS guidance to $10.60 to $10.90.
Autohome Inc.
Autohome Inc. Announces Unaudited Third Quarter 2026 Financial Results
Autohome reported net revenues of RMB1,315.0 million, down from RMB1,778.1 million, and net income attributable to the company of RMB195.0 million versus 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 revenue of US$240.8 million, up 10%, 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, says cash fell to US$53.7 million after a US$191.5 million payment for the Flyme software business, and signed a non-binding MOU with Arm on AI compute platforms.
OPENLANE, Inc.
OPENLANE, Inc. Reports Third Quarter 2026 Financial Results
OPENLANE reported revenue of $561.2 million, up 13%, with GMV of approximately $10.0 billion, up 38%, and net income of $44.7 million compared with $47.9 million a year earlier. The company narrowed 2026 guidance to net income of $169 - $177 million and increased its share repurchase program by $150 million to $400 million, extended through December 31, 2027.
Toyota Motor North America
Toyota Motor North America (TMNA) Announces Executive Leadership Transition
Toyota Motor North America says COO Mark Templin will succeed Ted Ogawa as president and CEO on January 1, 2027, with Hiroshi Nambu of Toyota Motor Corporation becoming COO. Ogawa, who has led TMNA since April 2020, will serve as Senior Executive Advisor through March 2027 and become a Senior Fellow at TMC 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., a Turin-area maker of seatbelts for commercial and specialty vehicles with approximately 60 employees and annual sales of around EUR 10 million. Autoliv says the deal expands its Mobility Safety Solutions business into off-road and specialty commercial vehicle markets and creates a European hub for low-volume, high-variant seatbelts.
Adient
Adient announces increased share repurchase authorization and adoption of tax benefits preservation plan
Adient's board approved a $400M increase to its share repurchase authorization, bringing the total to $1 billion with $435 million remaining. It also adopted a Tax Benefits Preservation Plan, triggered generally at a 4.95% stake, to protect U.S. net operating loss carryforwards and other tax attributes that Adient says may offset approximately $3.5 billion of future taxable income.
STAK Inc.
STAK Inc. Announces Changes in Management
STAK Inc. appointed Xiaofei Han as Chief Financial Officer effective November 1, 2026, following the resignations of CFO Diana Li and CTO Ke Dennis Xu effective October 31, 2026. The company says the resignations were not the result of any disagreement, and the release does not name a successor for the CTO role.
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 DemiByte reporting.