Tariffs in the Rose Garden Global markets are mostly lower ahead of President Trump’s big tariffs rollout today, but it’s not the tumult that has rocked stocks in recent weeks. S&P 500 futures are holding steady, in the red, as economists warn that Trump’s protectionist policies could set off a global trade war that slams…
Xi Jinping, China’s top leader, met with executives of Saudi Aramco, BMW, Toyota Motor, FedEx and dozens of other foreign companies at the Great Hall of the People in Beijing on Friday as China seeks to boost foreign investment amid worsening trade relations between China and the United States. It was the third time that…
President Trump’s sweeping tariffs on automobiles drew a sharp reaction on Thursday from Germany, which called on the European Union to hit back with a “firm response” to measures that would “harm the U.S. and the E.U., and global trade as a whole.” Mr. Trump announced on Wednesday that he would impose a 25 percent…
China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and Mercedes-Benz in the luxury segment as competition in the world’s largest auto market intensifies. The Denza unit on Friday unveiled the six-seat SUV called Denza N9, priced at 389,800 (US$60,860) to 449,800 yuan, which is…
FORMULA ONE returns for another scintillating season as 20 drivers aim to win the 2025 Drivers’ Championship. Lewis Hamilton looks to win a record breaking eighth world title in the famous red of Ferrari, breaking the record of former Ferrari driver Michael Schumacher. 2 Lewis Hamilton will wear his famous number 44 for Ferrari this…
https://www.tipranks.com/news/the-fly/h-c-wainwright-strong-core-scientific-bulls-as-coreweave-ipo-approaches Chinese electric vehicle maker Zeekr (ZK) will unveil a luxury model next month, targeted at luring wealthy consumers away from premium foreign brands such as Mercedes-Benz (MBGYY) and BMW (BMWYY), the South China Morning Post’s Daniel Ren says. The Hangzhou-based unit of Geely Auto (GELYF), mainland China’s second-largest carmaker by sales, said on Monday…
(Reuters) – Mercedes-Benz and its subsidiaries plan to cut up to 15% of their workforce in China, Bloomberg News reported on Thursday, citing people familiar with the matter. The job cuts will primarily impact its financing and sales units, Mercedes-Benz Automobile Finance Co and Beijing Mercedes-Benz Sales Service Co, the report added. Mercedes-Benz has already…
Tesla has once again set its sights on the Indian market, though it is still keeping its India road map under wraps. While the company has posted hiring positions in Mumbai and Delhi, signalling plans to establish a retail presence, it has yet to confirm whether it will fully commit to local manufacturing or continue…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The Chinese electric vehicle market has gotten a lot bigger in the past year as electric vehicles have gotten more and more competitive. As part of that, there have been occasional “price wars” in which automakers aggressively…
SHANGHAI/BERLIN (Reuters) -Mercedes-Benz is betting on China’s Momenta to help it win back market share in the world’s biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup’s software, three sources with knowledge of the matter said. The plans, which have not been previously reported,…