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BMW shares hit 5-year low after management issues revised profit guidance

BMW stock slumped to a five-year low as the automaker cites softening demand in China and regional instability in Iran as key reasons for cutting its 2024 profit outlook.

#Business#BMW#StockMarket

Jun 18, 20261m readAI

US Top News and Analysis

President Trump plans to roll back federal fuel economy standards

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📰 News & Current Affairs

President Trump plans to roll back federal fuel economy standards

President Trump signals intent to revoke Biden-era fuel economy mandates as the auto industry navigates a complex shift toward electric vehicle production.

#AjakoTaja#TrendingNews#WorldNews

Trump approves rollback of Biden-era fuel economy standards for vehicles

Trump has moved to reverse Biden-era fuel economy standards, a shift that threatens to upend current auto industry transition plans toward electric vehicles.

#AjakoTaja#TrendingNews#Business

3d ago1m readAI

US Top News and Analysis

Ineos and Daimler Truck join defense sector push as European military spending rises

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💼 Business & Finance

Ineos and Daimler Truck join defense sector push as European military spending rises

Ineos and Daimler Truck are the latest automakers to pivot toward defense as European military budgets increase, though specifics regarding contract scale and technical outcomes remain uncertain.

#Business#Defense#Ineos

Jun 17, 20261m readAI

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KG Mobility announces plan to launch seven new eco-friendly vehicle models by 2030

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📰 News & Current Affairs

KG Mobility announces plan to launch seven new eco-friendly vehicle models by 2030

KG Mobility, formerly SsangYong, has outlined a roadmap for seven new eco-friendly vehicle models by 2030 in an effort to accelerate its recovery and expand its global market presence.

#WorldNews#KGMobility#Automotive

Jun 13, 20261m readAI

World News - UPI.com

Tesla China vehicle sales increased 40% in May as demand stabilizes

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💼 Business & Finance

Tesla China vehicle sales increased 40% in May as demand stabilizes

Tesla saw a 40% jump in May sales for its China-made EVs, signaling a potential market rebound despite persistent geopolitical and tariff pressures on global automotive trade.

#Business#Tesla#EVMarket

Jun 20, 20261m readAI

US Top News and Analysis