Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production. “We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said in an…
CFOTO | Future Publishing | Getty Images The “everything store” might have secured its biggest customer yet. On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services’ infrastructure. On the one hand, the move isn’t too surprising — a continuation of OpenAI’s spending spree…
The logo of Chinese-owned semiconductor company Nexperia is displayed at the chipmaker’s German facility, after the Dutch government seized control and auto industry bodies sounded the alarm over the possible impact on car production, in Hamburg, Germany, Oct. 23, 2025. Jonas Walzberg | Reuters Netherlands-based chipmaker Nexperia is at the heart of a standoff between…
TOKYO (AP) — Japan is filled with tiny white trucks that farmers and commercial workers use to lug their gear along the narrow roads of a nation smaller than California. But Japanese Prime Minister Sanae Takaichi had another, more substantial truck in mind as she looked to build rapport with visiting U.S. President Donald Trump….
A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another. Michael Wayland / CNBC DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase…
European stocks were slightly lower on Monday morning, as investors closely monitored U.S. President Donald Trump‘s visa crackdown. The pan-European Stoxx 600 index traded 0.2% lower shortly after the opening bell, with most sectors and major bourses in negative territory. Auto stocks notched some of the biggest losses in early deals. The Stoxx Europe Automobiles…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Here are two statements that, on the surface, may appear contradictory: The U.S. labor market is weakening, with the number of jobs in June actually decreasing. The U.S. stock market is hitting all-time highs, with the Nasdaq Composite being the latest index…
Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world…
European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union,…
NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…