LONDON — European markets opened the new trading week in positive territory as investors continue to monitor developments in the Middle East and a potential renewal of transatlantic trade tensions. The pan-European Stoxx 600 was 0.1% higher shortly after 8:00 a.m. in London. France’s CAC 40 was down almost 0.1%. Germany’s DAX was up 0.1%…
Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…
AI signage at the Robert Bosch booth at the Beijing Auto Show in Beijing, China, on Saturday, April 25, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — Electric carmakers in China are layering on more of the same artificial intelligence features as they try to survive a prolonged price war in the world’s largest…
Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened sharply lower on Thursday as investors digest the latest reports on the Iran war and monitor a raft of corporate earnings and central bank decisions. The pan-European Stoxx 600 was trading 0.4% lower by 8:40 a.m. in London (3:40 a.m. E.T.). Regional bourses…
A Volkswagen logo at the back of an ID.7 electric car at the Volkswagen electric car factory on February 24, 2026 in Emden, Germany. Focke Strangmann | Getty Images News | Getty Images German auto giant Volkswagen on Thursday reported weaker-than-expected first-quarter profit, citing higher U.S. tariffs and intensifying competition from Chinese car brands. Europe’s…
Ludovic Marin | AFP | Getty Images The European car industry is in a structural crisis. Slowing demand for electric vehicles, lost market share to Chinese competitors and higher borrowing costs have created the perfect storm for the sector over the past five years, as sales volumes continue to slump well below pre-pandemic levels. Europe’s…
Galaxy Globe bulk carrier and Luojiashan tanker sit anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 9, 2026. Benoit Tessier | Reuters LONDON — European stocks look set to open notably higher on Tuesday, as traders watch developments in the Middle…
Volkswagen is one of three automakers expected to advertise during the Super Bowl in 2026. Courtesy VW DETROIT — Automakers are largely sitting on the advertising sidelines during this year’s Super Bowl amid uncertainty in the U.S. automotive industry involving sales, tariffs and regulations. Carmakers — historically major buyers of ads during the big game…
All-electric vehicle maker Rivian is dealing with a lot: the end of federal support for EVs, a surge in hybrid vehicle sales and a rate of cash burn that still alarms investors, among other things. The company also has relatively low production and delivery numbers, but Rivian CEO RJ Scaringe told CNBC in a December…
For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing…
