Carmakers flag difficult year on costs, muted EV demand
Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles weigh on profits.
Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles weigh on profits.
Siemens Energy AG shares jumped 14% after the company signaled its lucrative gas and electric grid businesses were no longer burdened by ongoing losses at its struggling wind-turbine unit.
Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter.
John Wood Group Plc said it rebuffed a £1.4 billion ($1.8 billion) bid from family-owned engineering company Sidara.
Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles weigh on profits.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}