Volvo Cars shares plunge to record lows as Geely cuts stake
OSLO Shares of Swedish auto maker Volvo Cars fell 14% on Friday as its top owner, China's Geely,
2023-11-17 16:54
Apollo Agrees to Acquire Stake in Panasonic Automotive Systems
Panasonic Corp. has agreed to sell part of its automotive systems unit to Apollo Global Management Inc. and
2023-11-17 14:15
Tesla Has Not Yet Registered Investment in Mexico, Minister Says
Billionaire Elon Musk’s electric vehicle maker Tesla Inc. hasn’t yet formally registered its plans for investment in a
2023-11-17 13:53
Xpeng’s Gu Sees Margin Recovery After Bigger-Than-Expected Loss
Xpeng Inc. Co-President Brian Gu said he expects margins to turn positive this quarter, after the Chinese electric-vehicle
2023-11-17 12:56
Fallout from Musk’s Endorsement of Antisemitic Post Spreads
Fallout from an Elon Musk post that endorsed antisemitic views spread Thursday, prompting outrage from an investor in
2023-11-17 11:58
Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation
With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority
2023-11-17 06:54
UAW’s Two Weeks Paid Parental Leave Is a Starting Point for Labor
The United Auto Workers union’s tentative agreements with Detroit’s three automakers include a new benefit: two weeks of
2023-11-17 03:19
Amazon Shoppers Can Buy a Hyundai Online Starting Next Year
Amazon.com Inc. customers will be able to buy Hyundai Motor Co. vehicles on the e-commerce giant’s website starting
2023-11-17 02:22
SQM Sees Lithium Glut Pushing Down Prices Through Year End
The world’s second-largest lithium producer is warning investors of further price declines as a glut of the metal
2023-11-17 00:46
Temasek-Backed Carsome Cutting Hundreds of Jobs to Reach Profit
Carsome Group, which operates a Southeast Asian used-car online marketplace, is cutting hundreds of jobs to reduce costs
2023-11-16 17:55
Elon Musk Calls Antisemitic Post on X the ‘Actual Truth’
Billionaire Elon Musk endorsed an antisemitic post on X, the social media site he owns, that attacked members
2023-11-16 12:24
Shares in Asia Mixed as US Stocks Climb, Bonds Dip: Markets Wrap
Equity futures in Asia were mixed following further gains for US stocks, while Treasuries pulled back as investors
2023-11-16 07:16