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AUTOMAKERS SLUMP
SpaceX debut draws a crowd, but few recent hot IPOs outpace the marketWall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have ...- China's Xiaomi Q1 profit sinks 43% on higher memory chip costsXiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investi...
- Global Markets | Japan's Nikkei slumps to weekly loss on tech share profit-takingChip-testing equipment maker Advantest was the biggest drag, slumping 7.9% to shave 544 index points from the Nikkei. Fellow heavyweight To...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
- Elon Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slumpElon Musk admits running his businesses with great difficulty while also working with the Trump administration. Tesla's shares dropped sign...
- Japan's Nikkei logs worst day in 4 months on US tariff worries; automakers slumpJapan's Nikkei index dropped over 2% on Monday, marking its worst session in four months due to global economic concerns heightened by U.S....
- Toyota's China venture dismisses some factory workers as sales fall - workersThe joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered...
- Auto dealers seek cut in GSTWant tax reduction — from 28% to 18% to spur demand — ahead of Council meet.
- Warren Buffett's Berkshire bought stake in General Motors before plunge on deputies' callWarren Buffett's Berkshire Hathaway acquired its largest stake in General Motors before the automaker slumped 16%.
- China ends US' reign as largest auto marketChina supplanted the US as the world’s largest auto market after its 2009 vehicle sales jumped 46%, ending more than a century of American ...
- Nissan Motor plans to slash its global outputJapan's Nissan Motor Compnay plans to slash its global output in the first half of fiscal 2009 by around 27 per cent from a year earlier to...
- Ford US sales dive 48 pct as auto slump continuesFord Motor Co. says its US sales fell 48 per cent in February, proof that huge rebates and low-interest financing aren't enough to entice f...
- Honda slashes profit forecast by more than halfHonda Motor Co's net profit tumbled 90% in the October-December quarter from a year earlier, hit by the global economic slump.
- Toyota names family scion as new presidentToyota Motor on Tuesday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its bigge...
- South Korean automaker delays payroll as sales slumpA South Korean automaker said on Monday it would be unable to pay workers on time this month, and another announced a temporary shutdown of...
- Honda slashes forecasts as auto turmoil deepensHonda Motor Co slashed its profit forecast by more than half for this year, its third cut as the global economic crisis takes a heavier tol...
- Ford mulls sale of Sweden-based VolvoAiling US automaker Ford said Monday it would consider selling its Sweden-based subsidiary Volvo.
- Japanese automakers slash production amid weak demandJapan's top automakers slashed their production in August amid weak US demand, led by Toyota Motor Corp. which curbed its global output by ...
- General Motors profit plunges 90% in Q1General Motors Corporation has reported 90% drop in first quarter profits.
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