Mercedes Sees Profit Margin Pressure on Costs, Weaker Demand
Mercedes-Benz Group AG sees car-making margins at the low end of its forecast this year due to rising
2023-10-26 14:25
Toyota CEO Sees EVs as ‘Missing Piece’ for World’s Top Carmaker
How’s this for a difficult job: taking over from the founder’s grandson, who led the family business to
2023-10-26 13:56
Ford, UAW Reach Tentative Deal to End Autoworker Strike
The United Auto Workers reached a tentative labor agreement with Ford Motor Co., putting pressure on the carmaker’s
2023-10-26 09:19
Stellantis Nears Deal to Buy 20% of Chinese EV Maker Leapmotor
Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang
2023-10-25 20:59
Gucci Sales Fall as Kering Lags Peers Facing Luxury Slowdown
Gucci sales fell as Kering SA’s biggest brand grappled with the twin challenges of a luxury goods slowdown
2023-10-25 15:49
Hedge Fund Hunts for Next Australia Lithium Winner on Deal Craze
A veteran Australian hedge fund manager is scoping out shares of potential takeover targets in the domestic lithium
2023-10-25 14:29
Porsche’s High-Margin Models Offset Deliveries Drop in China
Porsche AG stuck to its earnings outlook for the year after robust sales of high-margin models including its
2023-10-25 14:19
Auto Show Latest: Toyota CEO Makes Case for Battery-Based EVs
Japan’s carmakers are staging their first motor show in four years to make the case they’ll remain major
2023-10-25 09:21
Israel Latest: Biden Says Gaza Aid Is Slow, Blinken Backs Pauses
US President Joe Biden said humanitarian aid isn’t getting into Gaza fast enough and Secretary of State Antony
2023-10-25 02:53
Puma Earnings Beat Estimates on Strong Demand for Sneakers
Puma SE reported earnings that narrowly beat analysts’ estimates amid strong demand for sneakers in Europe and a
2023-10-24 15:52
Nidec Plunges Most Since 2011 After EV Malaise Hits Profit
Nidec Corp. slumped the most in more than 12 years after reporting quarterly earnings that missed estimates, underscoring
2023-10-24 14:47
Hermes Sales Climb as US, Europe Shoppers Splurge on Birkin Bags
Hermes sales jumped as wealthy shoppers in the US and Europe splurged on the French company’s pricey Birkin
2023-10-24 14:46