A German national flag on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Volkswagen reported weaker-than-expected second-quarter profits on Friday and scrapped hope for sales revenue growth in 2026, as the German auto giant lays the groundwork for a radical overhaul of…
Cars are parked in fron of the Zwickau Volkswagen Plant on July 9, 2026 at the Zwickau, eastern Germany. Jens Schluter | Afp | Getty Images Volkswagen‘s management plans to drastically reduce its model lineup and further cut capacity, although the German auto giant stopped short of announcing sweeping job cuts following tense stakeholder talks….
Ten years ago, a record 17.6 million cars, trucks and SUVs were sold in the U.S. Some forecasts say the country might not come close to that number again. Analysts at consulting firm Bain & Company said several signs indicate the market is about to shrink even more. Falling birth rates, behavioral changes, high car…
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters Qualcomm shares surged 12% on Friday and are now up 75% in the past month, as the chipmaker’s increasingly central position in the physical AI boom becomes more apparent to Wall Street. The stock is…
LONG BEACH, Calif. — As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that CEO Jim Farley has described as industry-defining products. Ford’s push comes despite a massive slowdown in EV adoption, $19.5 billion in electric…
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…
