Truck maker Volvo hikes market outlook as Europe supply woes fade
(Reuters) – Sweden’s AB Volvo lifted its outlook for key heavy-duty truck markets in Europe and North America this year…
BMW skids into ice cream melee at Shanghai auto show
(Reuters) – Chinese internet users berated German automaker BMW on Thursday, accusing it of discrimination at the Shanghai auto show…
Woodford investors offered up to $292 million over fund failure
(Reuters) – Investors in the failed equity income fund run by fallen star stock picker Neil Woodford have been offered…
France’s Renault plans no big price cuts despite Tesla challenge
(Reuters) -Renault does not plan to drastically cut prices on its electric vehicles, including the recently launched Megane E-Tech, and…
Deutsche Bank plans to cut jobs, shrink board – source
(Reuters) – Deutsche Bank (ETR:DBKGn) plans to reduce its executive board to nine members from 10 and to cut some jobs in…
Volkswagen: US-made ID.4 models eligible for full tax credit
(Reuters) – Volkswagen (ETR:VOWG_p)’s U.S.-assembled ID.4 models will be eligible for a $7,500 tax credit this year, according to the…
South Korea announces $15 billion investment in advanced battery technologies
(Reuters) – The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion)…
Insurer Travelers profit falls on U.S. storm costs
(Reuters) – Property and casualty insurer Travelers Companies (NYSE:TRV) Inc on Wednesday reported a 6% fall in quarterly profit, hurt…
CDW slides on weak preliminary sales; analysts see a buying opportunity
Shares of CDW Corp. (NASDAQ:CDW) are down about 5.5% in pre-market Wednesday after the company announced preliminary Q1 results. The IT…
Biden’s push for electric vehicles hits deep in the heart of Texas
(Reuters) – At Toyota Motor (NYSE:TM) Corp’s sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra…