Tesla Inc. fell by over 5% in early trade on Thursday as its stock continued its downward spiral. Shares rallied yesterday after CEO Elon Musk vowed to stay on and double vehicle output in the United States within the next two years. However, today's session brought new losses amid wider stock...
Ferrari NV Chief Executive Officer (CEO) Benedetto Vigna said on Thursday that the carmaker is prepared for potential tariffs on the European auto industry announced by United States President Donald Trump."We are ready with some countermeasures," Vigna told CNBC. "We are watching what's...
Bayerische Motoren Werke AG (BMW) told dealerships on Wednesday, in a message retrieved by The Wall Street Journal, that it would absorb tariff costs on some models built in Mexico.According to the message, the carmaker will "price protect" the Mexico-made 3 Series sedan and 2 Series coupe,...
Porsche AG announced on Wednesday that it plans to reduce its workforce by 3,900 by 2029 as part of a "comprehensive program to rescale the company." 1,900 of those will be cut through natural turnover, decreased hiring, partial retirement and severance packages. Another 2,000 positions...
Nissan Motor Co., Ltd. announced on Tuesday that its Chief Executive Officer (CEO) Makoto Uchida (pictured) will step down from the role on April 1.The company said in a statement that current Chief Planning Officer Ivan Espinosa will succeed Uchida as CEO. However, the carmaker said that Uchida...
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