Powell faces tough campaign to convince traders of Fed’s resolve
The Federal Reserve succeeded in pushing back against market expectations for a rate hike in the next two years, but...
Lamborghini had its most profitable year ever during Covid
The year the coronavirus pandemic hit was also Lamborghini’s most profitable year in history. “We were surprised,” says Stephan Winkelmann,...
BMW sees profit margin doubling and sets ambitious EV target
BMW AG said profitability will at least double this year as the luxury carmaker joined rivals in targeting a steep...
Northvolt will be as vital to VW as Panasonic has been to Tesla
Northvolt AB’s massive battery-cell order from Volkswagen AG makes clear the startup will be as indispensable to the German manufacturer...
BMW CFO brushes off Apple Car threat: ‘I sleep very peacefully’
BMW AG has a message for Apple Inc.: bring it on. The German luxury-car maker is well placed as electrification and...
US job growth surges past estimates; unemployment dips to 6.2%
U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing...
EVs could make dealerships a thing of the past, too
There’s auto news out of Sweden: Volvo Cars says that it will be fully electric by 2030. No more internal...
Volvo to go electric-only and shift sales online from 2030
Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric...
