Bayerische Motoren Werke AG
European steelmakers rise after EU proposes slashing tariff-free import quota
LONDON — European stocks moved higher on Wednesday, as investors reacted to proposed tariffs on steel imported into the European Union. The pan-European Stoxx 600 was up around 0.6% by 3 p.m. in London (10 a.m. ET), with most sectors and major bourses in positive territory. The U.K. has been left fearing for its beleaguered […]
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Auto giant shares tumble as European Union’s new steel tariffs spark industry panic
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest […]
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Chinese driverless tech startup Momenta is raising funds at a roughly $6 billion valuation
A car equipped with Momenta technology on display at the IAA Mobility show in Munich, Germany in September 2025. Arjun Kharpal | CNBC Momenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter told CNBC. The valuation […]
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Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw […]
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How China’s electric vehicle juggernaut is reshaping the global car market
Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world […]
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Auto giants forced to confront some hard truths in the age of ‘polycrisis’
Western car giants are battling crises on multiple fronts, with declining profits , layoffs and widespread cost-cutting measures showing their strain. From rising production costs to U.S. tariffs , intense competition , supply chain disruptions and regulatory pressures , as well as a bumpy electric vehicle transition — top original equipment manufacturers (OEMs) are caught […]
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A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sector
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany. Florian Wiegand | Getty Images News | Getty Images U.S. President Donald Trump has hailed the framework trade agreement with the European Union as the biggest trade deal ever made and one that promises to be “great […]
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Trump’s aluminum tariffs may be sparking a green recycling boom — unintentionally
Key Points President Donald Trump’s tariffs on aluminum imports are spurring growth in recycling as consumers try to avoid additional costs from duties. Recycling the metal consumes just 5% of the energy it takes to produce the same amount of primary aluminum through a smelter, making it more environmentally friendly. The strong dynamic could change […]
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Germany’s auto giants rally as U.S.-Japan trade deal raises hopes of a tariff breakthrough
Vehicles are assembled on a line at the BMW plant in Leipzig. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s top carmakers jumped on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters. In a post on social media platform Truth Social, […]
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Chinese battery giant and Tesla supplier CATL is expanding globally: Here’s why it matters
Aerial view of the headquarters of Contemporary Amperex Technology Co., Limited (CATL) on February 6, 2025 in Ningde, Fujian Province of China. Vcg | Visual China Group | Getty Images The world’s largest electric vehicle (EV) is going all-in on international expansion and could shake up the EV market in the process with its battery-swapping […]
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