Bayerische Motoren Werke AG
Battery maker Northvolt to cut costs, explore strategic partnerships
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Swedish battery maker Northvolt said on Monday it would cut costs and look for strategic partners while focusing on its large-scale cell manufacturing as the company seeks to curb its rapid expansion. The announcement follows a major review of […]
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EU countries divided on Chinese EV tariffs in vote, Reuters reports
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote, sources with knowledge of the vote said on Tuesday. The European Commission, which oversees […]
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Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. […]
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Chinese official slams EU probe into EV subsidies as ‘selective’
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official […]
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EU approves Italian aid for $5.4 billion STMicro chip plant
STMicroelectronics has committed 5 billion euros ($5.4 billion) of investment in what it calls the world’s first fully integrated Silicon Carbide (SiC) plant in Italy. The project is backed by 2 billion euros from the Italian state, and is the result of the EU’s Chips Act which aims to provide support for Europe’s chip industry. […]
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BMW imported 8,000 Mini Coopers with banned Chinese pieces into U.S., Senate report says
An staff checks the symbol of a motor vehicle during its remaining inspection on a output line at Germany’s carmaker BMW plant in Leipzig, japanese Germany, on Oct 20, 2022. Ronny Hartmann | Afp | Getty Illustrations or photos German automaker BMW imported at least 8,000 Mini Cooper autos into the United States with electronic components […]
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European marketplaces increased on more earnings stories Sweden’s central lender cuts premiums
European markets had been slightly increased Wednesday as buyers digested more earnings reports in the area. The Stoxx 600 index was up .3% by 12:20 p.m. London time, with sectors buying and selling in blended territory. Food stuff and beverage stocks ended up up 1.4%, though mining shares dipped 1.3%. Shares of Germany’s Siemens Power […]
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Europe stocks swing to loss following hotter-than-expected U.S. inflation data
U.S. stocks drop after hotter-than-expected inflation data U.S. dollar rises after hot inflation print The U.S. dollar strengthened Wednesday after data showed U.S. inflation rose more than expected in March. The dollar index was 0.65% higher at 2 p.m. in London. The euro retreated 0.76% against the greenback to $1.0772, while the British pound was […]
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Tesla drivers experienced best accident level, BMW motorists most DUIs examine finds
Tesla Design Y, geared up with FSD procedure. A few entrance experiencing cameras less than windshield close to rear see mirror. Mark Leong | The Washington Post | Getty Photographs Tesla motorists in the U.S. have been concerned in incidents at a greater amount than drivers of any other brand name of motor vehicle about […]
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