Porsche AG
European markets rally as U.S. inflation rises less than expected, EU retaliates to Trump’s tariffs
U.S. inflation rate hits 2.8% in February, less than expected Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across […]
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Auto giants scramble to suffer the least as Trump ramps up tariff threats
U.S. President Donald Trump ‘s escalating threats to impose tariffs on neighboring countries , on the European Union and on car manufacturers have hit the automotive industry hard. Shares of some of Europe’s biggest automakers traded lower on Friday, extending sharp losses from the previous session after Trump floated the possibility of a 25% tariff […]
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CNBC Daily Open: Trump pauses tariffs but markets are still wary
Cars queue to cross into the U.S. from Canada, at the border between the two countries, in Surrey, British Columbia, Canada Feb. 3, 2025. Chris Helgren | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs. […]
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Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]
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Solid-state batteries may yet catch up — but silicon anodes are winning the race to power EVs
A Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France. Chesnot | Getty Images News | Getty Images Silicon anodes appear to be leading the way in the race to commercialize next-generation battery technologies for electric vehicles. The buzz around […]
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European markets close 1% lower as investors focus on Middle East escalation
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment. The pan-European […]
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A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their […]
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Volkswagen in concrete conversations more than car or truck partnerships in India
The logo of German motor vehicle big Volkswagen (VW) is found on a Volkswagen ID Buzz van during the company’s yearly push meeting to present the business report, on March 14, 2023 in Berlin. Odd Andersen | AFP | Getty Visuals Volkswagen is in concrete talks about partnering up on passenger vehicle output in India, […]
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Porsche warns of tumble in profitability but hikes dividend on sturdy 2023 effects
The Porsche Mission X on show at the IAA Mobility 2023 demonstrate in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decrease this 12 months as it launches new products amid rough financial situations, but hiked its dividend on the back again of a increase in 2023 working earnings. The […]
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