Volkswagen AG
Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids
A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022. Phil Noble | Reuters Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into plug-in hybrid electric vehicles until at least 2035. The […]
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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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EU slaps tariffs on Chinese EVs, risking Beijing payback
Employees work on the production line of new energy vehicles at Huaian BYD Industrial Co., Ltd. on August 26, 2024 in Huaian, Jiangsu Province of China. Zhao Qirui | VCG | Visual China Group | Getty Images The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at […]
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CNBC Daily Open: Stocks are approaching the hottest period of the year
The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds. Stan Honda | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily […]
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CNBC Daily Open: Stocks are entering the hottest period of the year
A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | AFP | Getty Images 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 matter […]
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Volkswagen’s Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961 […]
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Germany’s auto giants are struggling to stay relevant
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Germany’s automotive sector, long recognized for producing reliable and innovative internal combustion engine (ICE) cars, is struggling to preserve its relevance in the […]
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CNBC Daily Open: September’s blockbuster jobs report changes the calculus
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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European markets climb higher after U.S. jobs report; Maersk down 5%
A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. Staff | Reuters LONDON — European stocks climbed higher Friday after the latest U.S. jobs report soared past expectations. The pan-European Stoxx 600 was up 0.4% […]
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Volkswagen cuts 2024 outlook as car demand falters
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car division as […]
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