Bentley Motors is adjusting its strategy to offer exclusively all-electric vehicles (EVs) by the end of the decade, citing evolving market conditions and a delay in its first EV release. CEO Adrian Hallmark affirmed the renowned British luxury carmaker’s commitment ...
Workers at a Volkswagen plant in Tennessee have taken a significant step toward union representation by filing a petition with the National Labor Relations Board (NLRB) to hold a vote on joining the United Auto Workers (UAW), the union announced ...
U.S. homebuilders are expressing increased confidence in their industry, marking the most optimistic outlook since last summer, despite persistently high mortgage rates. According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment climbed by 3 points ...
Audi unveiled its latest addition to the electric vehicle market on Monday, introducing the Q6 e-tron SUV, the inaugural model built on its new electric vehicle architecture. This innovative platform, dubbed the “Premium Platform Electric,” marks a significant leap forward ...
United Airlines CEO Scott Kirby addressed recent flight incidents in an email to customers on Monday, emphasizing the carrier’s commitment to safety amidst heightened concerns. The incidents included a tire falling from a Japan-bound Boeing 777 and a missing panel ...
Wegovy, once primarily known for weight loss, has now received approval in the U.S. for heart health as well. Despite this expansion of its potential benefits, challenges remain in securing broader insurance coverage for this groundbreaking drug and similar treatments ...
According to a report released on Tuesday, Intel’s chip-making division faced operating losses totaling $7 billion in 2023. This figure marks a significant increase from the $5.2 billion loss reported in 2022. Despite generating $18.9 billion in revenue during 2023, ...
On Wednesday, the German ifo institute reported a significant improvement in the business climate of Germany’s automotive industry for March, with the corresponding indicator surging by 4.1 points to reach minus 5.8 points. Anita Woelfl, an expert at ifo, remarked, ...
Palm oil continued its upward trajectory, buoyed by short coverings and the strength of the Chicago soyoil market. During morning trade, the benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange climbed 49 ringgit, or 1.14%, ...
Chinese and Hong Kong stocks have experienced a staggering decline, shedding approximately $4.8 trillion in market capitalization since 2021, surpassing the total value of the Indian stock market, according to HSBC. This downturn does not bode well for either China ...