An employee of the Volkswagen plant in Zwickau stands next to the VW logo on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany, on October 28, 2024. Jens Schlueter | Afp | Getty Images A perfect storm of challenges for the European automobile industry … Read more
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 … Read more
In an ET exclusive interview with KumKum Dasgupta, Mercedes-Benz board member Renata Jungo Brüngger lays out the luxury and commercial carmaker’s elaborate plans for a sustainable business – they go beyond climate protection. India is a growing market for Mercedes-Benz. Recently, it sold 5,117 vehicles in Q3 2024, marking a robust 21% growth. The company’s … Read more
Car batteries at a factory in Nanjing in China’s eastern Jiangsu province. Str | Afp | Getty Images PARIS, France — The push to commercialize solid-state batteries for electric vehicles (EVs) is well underway, but analysts say auto giants could be on the cusp of turning to a different kind of transformative science. Solid-state batteries … Read more
“We’re Hiring” flyers displayed at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | 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 where … Read more
Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China’s eastern Zhejiang province on September 18, 2024. Adek Berry | Afp | Getty Images The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing … Read more
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. … Read more
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images Shares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible lawsuits in Britain … Read more
The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene, … Read more
Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state … Read more
