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China becomes backdoor hub for Western cars entering Russia amid sanctions over Ukraine warTens of thousands of cars are reaching Russia from China. These vehicles bypass Western sanctions and automaker pledges to leave the Russia...- Foreign cars exported from China to Russia, bypassing sanctionsThousands of cars are reaching Russia from China, skirting Ukraine war sanctions. Though the Western and Asian automakers pledged to leave ...
- Walmart hikes annual forecast as low price focus draws shoppersConsumer sentiment has weakened due to fears of higher inflation, hitting the bottom lines of some retail chains, but Walmart's sales have ...
- How a Chinese border town keeps Russia's economy afloatManzhouli, the main border crossing between China and Russia, shows growing economic ties. China is Russia's biggest buyer of oil, timber, ...
- American car, made in Korea: Why General Motors is hurt by tariffsGeneral Motors faces tariff challenges. These tariffs impact earnings. Other automakers also face difficulties. Ford aims to offset costs. ...
- Trump's tariffs on auto imports shake global industry as price hikes, job losses loomThe U.S. announced a 25% tariff on auto imports, causing global suppliers to warn about price hikes and job losses. Europe's auto industry ...
- Which car companies are in firing line of Trump's tariffs on Mexico, Canada?The United States is set to implement proposed tariffs on Canada and Mexico, potentially affecting automakers like Audi, BMW, Ford, GM, and...
- Global car industry in firing line of Trump's tariffs on Mexico, CanadaU.S. President Donald Trump has imposed new tariffs on imports from Mexico, Canada, and China. These tariffs particularly impact the automo...
- Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loomEuropean car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this c...
- US auto sales set to rise in August on Labor Day weekend surge, report showsNew vehicle sales in the U.S. are expected to rise by over 4% in August, aided by the Labor Day weekend, resulting in expected sales of 1,4...
- 'It is desolate': China's glut of unused car factoriesThe facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant...
- Electric car demand set to stall in Europe's 'valley of death'Fully-electric sales in Europe were up 47% in the first nine months of 2023, but instead of celebrating, automakers including Tesla, Volksw...
- Electric car demand set to stall in Europe's 'valley of death'Despite years of rapid growth, the electric car market in Europe seems to be experiencing a slowdown as drivers hold off on purchases, anti...
- Amazon beats Q4 revenue estimates, but profits slumpAmazon said it earned $300 million, or 3 cents per share, in the October-December quarter. Industry analysts were expecting the Seattle-bas...
- Auto delivery timelines set to shrink as chip shortage easesIndian vehicle makers do not expect retail prices to reduce although delivery timelines are likely to fall for some brands.
- Tesla quarterly profit jumps, but revenues miss estimatesTesla is on pace for a 50 percent increase in production this year, but could fall shy of that goal when it comes to getting the cars to bu...
- Amazon posts 2Q loss but revenue tops estimates, stock jumpsAmazon lost USD 2.03 billion, or 20 cents per share, in the three-month period ended June 30, driven by a USD 3.9 billion write-down of the...
- Amazon reports rare quarterly loss as online shopping slowsAmazon reported a loss of $3.84 billion, or $7.56 a share, for the first three months of the year. A year ago, it reported a profit of $8.1...
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