The automakers are hoping for a deal in June, a source told Reuters, while noting that it would rely on the companies pledging substantial investment in the U.S. to convince the administration.
While U.S. markets remained closed Monday for Memorial Day, European equities surged after President Donald Trump agreed to delay a planned 50% tariff on European Union imports, easing investor concerns and reviving risk appetite.
Shares of Chinese electric vehicle battery giant Contemporary Amperex Technology Co. Ltd. (CATL) jumped 12.5% in their Hong Kong trading debut Tuesday after raising $4.6 billion in the world's largest listing this year.
Moorestown, NJ - InTown Auto Care - Euro Automotive Repair: Audi, BMW, Land Rover, Mercedes, Mini, Porsche, Volkswagen continues to set the standard for auto repair in South Jersey by delivering specialized services for Porsche vehicles and other premier European brands. Serving Moorestown and the surrounding Mount Laurel area, the repair shop has established a strong reputation among discerning vehicle owners who expect precision, transparency, and expert-level performance from their automotive technicians.
Lyft's 8% market share of the global ride-hailing market trails behind Uber's 25% market share, but its acquisition of FreeNow mobility platform adds Europe
The company said the deal would increase its annualized gross bookings by approximately €1 billion and diversify revenue streams, supporting its multi-year targets.
According to a report from Reuters, the company will start sales of Denza brand vehicles in Europe at the end of the year with the EV version of its 1,000 horsepower Z9 GT sport wagon and with a hybrid version in early 2026.
Although companies such as Tesla, Rivian and legacy automakers such as Ford and GM have dominated headlines this year, these lesser known brands captivated Stocktwits users more in Q1 2025.
Alibaba launched a new AI model Qwen2.5-Omni-7B that can process multiple inputs and generate real-time responses. It's open-sourced and can be deployed on edge devices. It's part of China's AI boom, with Alibaba investing heavily in cloud and AI infrastructure.
The automotive industry stands at a pivotal juncture in 2025, poised for transformative changes driven by technological innovation, environmental pressures, shifting consumer preferences, and evolving regulatory landscapes. Over the next decade, as with any other decade in the past 100 years, we can expect seismic shifts that will redefine how
BMW reports 2024 revenue decline of 8.4%. Automotive revenue down 5.6%, motorcycle revenue up 0.2%. Net profit decreases, trade war and tariffs impact.
