Volkswagen AG
China extends an olive branch to Western auto giants over rare earth shortage
Workers assemble cars on the assembly line at the Volkswagen automobile factory on March 07, 2025 in Wolfsburg, Germany. Sean Gallup | Getty Images News | Getty Images China appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage. […]
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Auto industry sounds the alarm as China’s rare earth curbs start to bite
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to […]
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European stocks open higher after Trump delays 50% tariffs on EU
US President Trump can be seen on a screen at the Frankfurt Stock Exchange in front of the DAX curve. Boris Roessler | Picture Alliance | Getty Images European shares opened firmly in positive territory on Monday, as investors reacted to U.S. President Donald Trump delaying the roll out of 50% tariffs on the European […]
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Why this German automaker will benefit from the U.K.-US trade deal
British businesses are still hashing out exactly what the recently-unveiled U.K.-U.S. trade deal — the first under President Donald Trump’s tariff-first , negotiate-later regime — means for them. The European Union is yet to strike its own deal. Despite this, one automaker from the bloc’s biggest economy is about to see benefits due to its […]
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5 new Uber features you should know — including a way to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on […]
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Uber misses revenue expectations with trips up 18% over last year
Dara Khosrowshahi, CEO of Uber attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. Yves Herman | Reuters Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report. Here’s how Uber did versus […]
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Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs, but the company is also reconfirming its earnings expectations for the year. […]
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European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
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Auto giants ditch financial guidance as industry reels from Trump tariff chaos
New vehicles displayed for sale at a General Motors Co. Chevrolet dealership in Miami, Florida, US, on Saturday, April 5, 2025. Bloomberg | Bloomberg | Getty Images European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump’s […]
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Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global […]
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