Tag: "auto"

Business

Renault Shares Sink 17% After Slashing 2025 Guidance and Leadership Shakeup

Renault, the French automobile giant, witnessed a dramatic 17% drop in its share price on Wednesday after announcing a reduction in its 2025 financial...

Business

Auto, Metal, and Pharma Industries Brace for Trump’s Tariff Blitz

President Donald Trump’s escalating trade war is sending shockwaves through global markets, with the latest round of sector-specific tariffs targeting critical commodities and products....

Business

From Engines to EVs: How China’s Rare Earth Curbs Are Shaking the Auto Industry

The global automotive industry is sounding the alarm as China’s recent export restrictions on rare earth elements begin to disrupt supply chains, forcing some...

Business

Nissan’s Road to Recovery: Job Cuts, Plant Closures, and Restructuring

Nissan’s new CEO, Ivan Espinosa, has announced a bold short-term strategy to address the company’s ongoing struggles. Espinosa emphasized his commitment to restructuring the...

Business

Tesla Denies CEO Elon Musk Replacement Rumors Amid Market Volatility

Tesla has firmly denied a recent report from The Wall Street Journal suggesting that the company’s board is actively seeking a replacement for its...

Business

Volvo Cars Announces Global Layoffs and Investment Cuts Amid Earnings Drop

Volvo Cars, the Swedish automaker owned by China’s Geely Holding, has unveiled a significant cost-cutting initiative in response to a sharp decline in earnings...

Business

Germany Calls for EU Action Against Trump’s Auto 25% Tariffs

In a dramatic escalation of global trade tensions, German officials and automakers have slammed U.S. President Donald Trump’s decision to impose a 25% tariff...

Business

Xpeng’s Strong Momentum: 30,000+ Deliveries for Four Straight Months

Chinese electric vehicle (EV) manufacturer Xpeng continues to solidify its position in the competitive EV market by delivering over 30,000 cars for the fourth...

Business

Rolls-Royce Surges 19% on Profit Beat and Dividend Reinstatement

Shares of British aerospace giant Rolls-Royce hit a historic high on Thursday after the company announced better-than-expected financial results for 2024, along with an...

Business

Tesla’s Brand Value Declines for Second Straight Year, Down to $43 Billion

Tesla, once a leader in the electric vehicle (EV) market, saw its brand value decline by a staggering $15 billion in 2024, marking the...

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