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Porsche shares plunge after announcing EV rollout delay
Posted onPorsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s 2025 earnings. Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens. Shares of its parent Volkswagen…
Trade deal: India and EU announce FTA amid Trump tariff tensions
Posted onAbhishek Dey and Arunoday Mukharji in India and Jessica Parker in Brussels EPA/Shutterstock (From left) European Council President António Costa, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in Delhi on Tuesday The European Union and India have announced a landmark trade deal after nearly two decades of on-off talks,…
Jaguar Land Rover shutdown extended again after cyber attack
Posted onTheo Leggettbusiness correspondent and Emer Moreaubusiness reporter Getty Images JLR will not resume production until 1 October Jaguar Land Rover (JLR) has confirmed that production in its factories will remain suspended until next month at the earliest. The business secretary and industry minister are visiting the West Midlands on Tuesday for the first time since…
Trump says tiny cars are amazing but will Americans actually buy them?
Posted onOsmond ChiaBusiness reporter Jason Garcia Nevi Bergeron and her Suzuki Cappuccino mini sports car America is known as the land of big cars and even bigger SUVs but Donald Trump has an idea that could change that. The president wants to bring to the US tiny vehicles, like those commonly seen on the streets of…
