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Ferrari reverses after controversial EV announcement

Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...
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China's April industrial profits grow at fastest pace in more than two years

China's April industrial profits grow at fastest pace in more than two years

BEIJING, May 27 (Reuters) - China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis.
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Ferrari's Stock Declines Following Launch of First Fully Electric Car, Luce

Ferrari's Stock Declines Following Launch of First Fully Electric Car, Luce

Ferrari's Stock Declines Following Launch of First Fully Electric Car, Luce
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Nissan Cancels Sunderland E-Axle Plant Amid Struggling EV Sales

Nissan Cancels Sunderland E-Axle Plant Amid Struggling EV Sales

Nissan Cancels Sunderland E-Axle Plant Amid Struggling EV Sales
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Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

May 27 (Reuters) - Nvidia CEO Jensen Huang has agreed to join the advisory board of a Beijing university that counts Apple's Tim Cook as chair, the Financial Times reported on Wednesday, citing people familiar with the matter. Huang, who joined U.S.
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Critics give Ferrari Luce EV a cool response, shares fall

Critics give Ferrari Luce EV a cool response, shares fall

By Giulio Piovaccari and Philippe LeroyBeaulieu ROME, May 26 (Reuters) - Ferrari shares fell nearly 8% on Tuesday as investors and critics reacted coolly to the Italian luxury sports car maker's new Luce electric car, questioning whether it remained true to the brand's identity.
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Volvo Cars wins US approval to keep importing vehicles with 'connected car' technology

Volvo Cars wins US approval to keep importing vehicles with 'connected car' technology

By David Shepardson and Marie Mannes WASHINGTON, May 26 (Reuters) - Volvo Cars, ​majority owned by China's Geely Holding, said on Tuesday it had received approval from the U.S. government allowing it to continue selling vehicles with Chinese "connected technology" in the country.
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China allows fresh urea exports amid Iran war-fuelled fertiliser crisis, sources say

China allows fresh urea exports amid Iran war-fuelled fertiliser crisis, sources say

May 27 (Reuters) - China has issued export quotas for urea fertiliser, sources with direct knowledge of the matter said, a move that could help ease soaring global prices for one of the world's most widely used crop nutrients after supply disruptions linked to the Iran war.
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Nvidia sends blunt message on China AI chip demand

Nvidia sends blunt message on China AI chip demand

Nvidia (NVDA) is suffering from a China problem. However, it has a China opportunity as well. CEO Jensen Huangsaid the company’s prediction of a $200 billion central processing unit market includes China, showing that Nvidia still anticipates strong long-term demand in one of the world’s most ...
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Morning Bid: Wrong sort of 'boom' to start the week

Morning Bid: Wrong sort of 'boom' to start the week

By Mike Dolan May 26 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries, markets returned ready to cheer signs that an Iran peace plan was near agreement, with world crude
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Huawei proposes new path for chip development amid US sanctions

Huawei proposes new path for chip development amid US sanctions

By Che Pan, Eduardo Baptista and Casey Hall SHANGHAI/BEIJING, May 25 (Reuters) - China's Huawei Technologies expects to design high-end chips by 2031 with transistor density equivalent to 1.4-nanometre processes, despite U.S. sanctions that have made it hard for China to build the world's most
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Ferrari bets on generational tech shift with Luce five-seat EV

Ferrari bets on generational tech shift with Luce five-seat EV

By Giulio Piovaccari ROME, May 25 (Reuters) - Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand.