Bank mergers send stocks higher as investors crave more deals
Last time several regional banks tried to do big deals, their investors weren’t always on board. Now, regional bank M&A ...
Tag: bloomberg news
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 ...
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 ...
Honda appoints Japan R&D chief Toshihiro Mibe as new CEO
Toshihiro Mibe - Photo: Yoshikazo Tsuno/AFP/Getty Images Honda Motor Co. is promoting its current head of research and development Toshihiro ...
AutoNation sees stronger US car sales despite chip paucity
AutoNation Inc., the country’s largest auto-dealer chain, expects U.S. sales of new cars and trucks to hit 16 million vehicles ...
