Autos & Transportation
LATEST NEWS FROM AUTOS & TRANSPORTATION
Autos & Transportation
BMW reports second-quarter earnings slump as it cuts jobs
German premium carmaker BMW said it was steeling itself for tougher competition with workforce reductions as pre-tax earnings slumped by over a third in the second quarter due to...
Autos & Transportation
Toyota's first-half global output, sales fall for first time in two years on China weakness
Toyota Motor said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular ...
Autos & Transportation
Chinese carmakers piling pressure on UK rivals, auto industry chief says
A wave of Chinese entrants into Britain's car market is piling pressure on traditional manufacturers, forcing them to offer deeper discounts to compete with lower-cost imports, th...
Autos & Transportation
Renault swings to profit on EVs despite rise of Chinese rivals
Renault posted a 9.4% rise in first-half revenue on Wednesday and swung back to profit thanks to strong electric vehicle sales, as it withstood growing pressure from incumbent riv...
Autos & Transportation
Kia to invest $649 million to bring electric car production to Mexico
South Korea's Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday.
Autos & Transportation
Lamborghini's operating profit falls as geopolitical turmoil shakes luxury car sector
Italian luxury sports carmaker Lamborghini reported an over 8% drop in its half-year operating profit on Wednesday, reflecting sector-wide fragility spurred by tariffs and the co...
Autos & Transportation
Ford lifts annual guidance, citing strong pricing and 'resilient' consumer
Ford Motor on Tuesday lifted its annual guidance for a second time this year, to $10 billion to $11 billion in earnings before interest and taxes, citing strong pricing and improv...
Autos & Transportation
Royal Caribbean raises annual profit forecast, flags modest booking hit from Middle East
Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to t...
Autos & Transportation
High-tech manufacturing hubs pull ahead in China's uneven growth
China's regional growth data underscored the uneven nature of the country's economic transition in the first half of 2026, as provinces at the forefront of Beijing's push into hi-...
Autos & Transportation
Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making
Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares , the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to shar...
Autos & Transportation
Tesla wins bid to revive UK lawsuit for 5G patents licence
Elon Musk's Tesla on Monday won its bid to revive a London lawsuit brought against U.S. technology firm InterDigital and a patent licensing platform, seeking a patent licence ahe...
Autos & Transportation
Trump to talk up economy in Michigan visit amid voter concerns ahead of congressional races
With less than 100 days before the U.S. midterm elections, Trump hopes to change the political conversation after months dominated by the conflict with Iran.
Autos & Transportation
As fashion stumbles, jewellery will help shape luxury's winners
As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused on one question: who sells enough jewels?
Autos & Transportation
Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push
Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisa...
Autos & Transportation
Spanish hotel chain Melia completes exit from Cuba
Spanish hotel group Melia said it has ceased all operations of its 34 hotels in Cuba on Friday amid the hardening of U.S. sanctions and the island’s growing economic crisis.
Autos & Transportation
China's CiDi eyes overseas sales of autonomous mining machines this year
CiDi , the Hong Kong-listed Chinese autonomous mining equipment maker, expects overseas deployments to grow this year as it expands beyond China, Chief Executive Albert Hu told Re...
Autos & Transportation
Harley-Davidson posts lower quarterly results as raw material costs rise
Harley-Davidson reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the legacy motorbike maker leaned on its wider turnaround plan to ...
Autos & Transportation
IBM buys HRL Laboratories in shift to two-track quantum computing strategy
IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors , the company said on Thursday, adding a second pill...
Autos & Transportation