Category: finance
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Audi 2025 Deliveries Fall 2.9% Amid Tariffs and Market Competition, Electric Vehicle Sales Surge
Audi, the premium brand of Volkswagen AG (VOWG.DE), reported a 2.9% decline in global vehicle deliveries in 2025, citing challenges from tariffs, a competitive market environment, and broader macroeconomic pressures. The automaker delivered 1.62 million vehicles worldwide, down from 1.67 million units in 2024, and slightly below its earlier target of 1.65 million to 1.75
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Toyota Raises Offer for Toyota Industries by 15% in Move to Take Forklift Maker Private
Toyota Motor Corporation (7203.T) announced on Wednesday that it has agreed to increase its tender offer for group company Toyota Industries (6201.T) to 18,800 yen ($118.11) per share, up from the previous offer of 16,300 yen per share made in June 2025. The move is part of Toyota’s broader plan to take the forklift and
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Amazon to Appeal Italian Antitrust Fine Despite Reduction: What This Means for E-Commerce in Italy
Amazon.com Inc (NASDAQ: AMZN), the U.S. e-commerce giant, announced on Wednesday that it will appeal against an Italian court ruling that reduced a major antitrust fine, signaling that the company believes it should not be penalized at all. The fine, initially imposed in 2021 by Italy’s Competition Authority for allegedly abusing its dominant market position,
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Nvidia H200 AI Chips Face Chinese Customs Restrictions: What This Means for the U.S.-China Tech Race
Chinese customs authorities have reportedly informed their officials that Nvidia’s H200 artificial intelligence (AI) chips are not permitted to enter China, according to multiple sources familiar with the matter. This announcement comes shortly after the U.S. formally approved the export of these high-end AI chips to China, highlighting the growing tension in U.S.-China technology relations.
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Tesla Agrees to Mediation in U.S. Racism Lawsuit
SAN FRANCISCO – Tesla Inc. has agreed to enter mediation with the U.S. Equal Employment Opportunity Commission (EEOC) in a lawsuit alleging widespread racial harassment at the automaker’s Fremont, California, assembly plant. The EEOC sued Tesla in September 2023, claiming that Black employees faced severe harassment, including racial slurs, and racist graffiti, such as swastikas
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Ford CEO Says Trade Deal with Mexico and Canada Is ‘Critical’ for Auto Industry
DETROIT – Ford Motor Company CEO Jim Farley emphasized the importance of a North American trade deal for the automaker and the broader U.S. automotive industry, days after former President Donald Trump called such agreements “irrelevant.” “We really see Canada, Mexico, and the U.S. as an integrated manufacturing system. And that’s how we’re going to
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Saks Global Files for Bankruptcy Following Neiman Marcus Takeover
Luxury retail giant Saks Global has filed for bankruptcy protection, marking one of the largest U.S. retail collapses since the pandemic. The move comes barely a year after the company merged Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus under a single corporate umbrella. Despite the filing, Saks Global confirmed that stores will remain open
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Taiwan and US Reach “General Consensus” on Trade Deal, TSMC to Expand in America
Taipei, Taiwan – Taiwan and the United States have reportedly reached a “general consensus” on a significant trade agreement aimed at reducing tariffs on Taiwanese exports, marking another step in ongoing economic negotiations between the two countries. The announcement comes after months of detailed discussions and aligns with Washington’s broader strategy of encouraging strategic foreign
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Australia and India Invited to G7 Finance Ministers Meeting on Critical Minerals
Savage, Minnesota, January 9, 2026 – U.S. Treasury Secretary Scott Bessent announced that Australia, India, and several other countries have been invited to join a Group of Seven (G7) finance ministers meeting in Washington this Monday to discuss critical minerals supply chains. The meeting follows ongoing global concerns about dependence on China-dominated critical minerals, which
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U.S. Treasury Can Easily Cover Any Tariff Refunds, Says Secretary Bessent
Savage, Minnesota, January 9, 2026 – U.S. Treasury Secretary Scott Bessent told Reuters on Friday that the Treasury has more than enough funds to cover any tariff refunds that might be ordered if the Supreme Court rules against President Donald Trump’s emergency tariffs. While he believes the court is unlikely to overturn the tariffs, Bessent
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