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The U.S. Justice Department opened an antitrust inquiry into the decision by four major automakers earlier this year to voluntarily strike a deal with California to reduce automobile emissions.
The Justice Department asks Ford, Honda, BMW and VW about an agreement with California on emissions rules, a report says.
Daimler shares traded in Frankfurt Friday after the luxury carmaker issued its second profit warning in as many months as it joins domestic rival BMW in seeing significant headwinds in 2019.
Stocks fell Friday as a surprising rebound in June hiring reduced the likelihood of an interest rate cut by the Federal Reserve.
BMW unveils plans to begin looking for a new CEO following the decision by its current CEO, Harald Krueger, not to extend his contract for another five-year term.
Tesla shares trade lower Tuesday amid reports that its head of European operations is leaving for a rival carmaker less than a year after being lured away BMW
U.S. stocks look set to test all time highs again Monday, following a third consecutive weekly gain for all three benchmarks on Wall Street, as investors continue to bet that central bank support will boost global equities and this weekend's G20 Summit in Osaka will trigger a breakthrough in U.S.-China trade talks.
Daimler shares traded sharply lower in Frankfurt Monday after the luxury automaker issued a surprise 2019 profit warning linked to the increased cost of meeting European and global emissions standards.
President Donald Trump's move to slap tariffs on goods imported from Mexico into the United States hammered the stocks of automakers Friday as investors counted the cost of price increases on one of the world's biggest car-production markets.
Global stocks slumped Friday, pulling Wall Street futures sharply into the red, as investors reacted to a surprise move by President Donald Trump to slap tariffs on U.S. imports from Mexico.
U.S. stocks traded higher Wednesday, reversing sharp earlier declines, following a report that President Donald Trump may delay a decision to apply tariffs on automobiles imported into the United States for up to six months.
There is a firm belief that something has to be done, something, and at least Trump has a plan, however flawed, it's a plan.
Andretti, who comes from a long legacy of racing, is estimated to be worth as much as $20 million.
Ferrari stock is outperforming on Tuesday after the automaker's better-than-expected earnings results. Can it continue to new all-time highs?
Four American tech companies top the list, and more Chinese brands are making their presence felt.
Ignore how many units the electric-vehicle maker produces and look at how many it actually sells.
All the money in the world cannot change the fact that rising stock prices and falling earnings make the market more expensive.
BMW shares tumbled Wednesday after the luxury carmaker warned of a "significant decline" in 2019 profits and unveiled a $13.6 billion cost-cutting program.
Global stocks were mixed Wednesday as investors awaited a key decision on interest rates and bond sales from the U.S. Federal Reserve and reacted to reports of potential tension in U.S.-China trade talks.
Waymo could take on outside investors, setting a valuation for its industry-leading autonomous driving technology.
Volkswagen making its MEB platform open to other automakers puts the German company in a unique position.
The way for investors to get ahead of this trend is connected car platforms and Microsoft is the leader here, bar none.
Daimler and BMW are putting more than $1 billion to work on pushing automotive technology forward.
What makes Nio interesting is its huge potential, likelihood of favorable attention from the Chinese government, and its influential investors.
Trade desk soared, Pattriot's owner Robert Kraft is in trouble, and Daimler is taking on Uber and Lyft.
Tariffs are wreaking havoc on both profits and sales for German automakers.
Investors had better be ready for new types of combinations between automotive and tech companies.
Daimler shares fell to the bottom of the German market Wednesday after the luxury carmaker posted a sharp decline in fourth quarter profits amid ongoing trade disputes in some of its biggest export markets.
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