(Bloomberg) Europe’s automakers are showing off their latest battery-powered cars at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China.Most Read from BloombergMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe number of Chinese compa
(Bloomberg) European stocks posted their best week since mid-July, supported by gains from earlier in the week, and as US data suggested a further Federal Reserve interest rate hike is less likely.Most Read from BloombergSaola Weakens After Bringing ‘Destructive’ Winds to Hong KongSingapore Picks Tharman as President in Ruling Party BoostEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintTesla Refreshes Model 3 and Slashes Prices of Top-End CarsTesla’s $
Shares in Europe’s largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors.
Toyota is suspending operations at all of its Japanese assembly plants as it grapples with a technical glitch that has disrupted its finely-tuned supply chain.