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SHANGHAI (Reuters) – China’s Geely Group is merging three existing units employing nearly 2,000 engineers to develop digital cockpit systems into a single unified team, said a source with direct knowledge of the situation. The merger marks the carmaker’s latest move to streamline its workforce and improve efficiency. Geely will integrate digital cockpit teams and …

China’s Geely to consolidate in-house digital cockpit system R&D teams, source says Read More »

SHANGHAI (Reuters) – The global heads of German automakers BMW and Mercedes, as well as chip giant Qualcomm are among foreign business leaders due to meet with Chinese President Xi Jinping this week, two sources said on Thursday. The meeting in Beijing planned for Friday comes as Chinese authorities seek to bolster ties with foreign …

China’s Xi to meet with BMW, Mercedes, Qualcomm CEOs, sources say Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Investors will be fixated on European auto stocks on Thursday after Trump’s announcement of duties on imported cars and light trucks, which hit Asian car makers’ shares and drew a strong rebuke from the auto industry. German automakers Mercedes Benz, BMW …

Morning Bid: Das auto caught in the tariff crosshairs Read More »

By Marleen Kaesebier (Reuters) – The sustainable aviation fuel (SAF) industry is falling short of its 2030 targets with production not ramping up quickly enough, Boston Consulting Group (BCG) found in a report published on Thursday. European airlines are this year expected to meet a mandate of 2% SAF use in their jet fuel, with …

Green jet fuel production could miss 2030 targets, BCG report says Read More »

By Tim Kelly and Lisandra Paraguassu TOKYO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva said U.S. President Donald Trump risked damaging the U.S. economy with additional tariffs and vowed to lodge a complaint with the World Trade Organization (WTO) over a trade levy on Brazilian steel. “It will raise the prices of goods …

Brazil’s Lula warns Trump’s tariffs risk inflation, vows WTO challenge on steel Read More »

(Corrects to change media packaging code) (Reuters) – Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump’s auto tariffs on Tesla is “significant.” “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant,” Musk said in a post on X. (Reporting by …

Musk says impact of auto tariffs on Tesla is ‘significant’ Read More »

By Niket Nishant and Manya Saini (Reuters) -Robinhood is rolling out wealth management and private banking services for investors with modest portfolios, as the trading platform looks to have a bigger influence on its users’ financial habits. The company said on Wednesday it is launching ‘Robinhood Strategies’ — a wealth management service with a 0.25% …

Robinhood to bring wealth management, private banking to retail investors Read More »