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China’s dominance of the global supply chain is starting to hurt automakers. On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic. Rare earths are a class of 17 elements that have become indispensable in all kinds … Read more
Blowback to President Donald Trump’s idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the technology industry and crypto enthusiasts, according to a review of more than 150 public comments on the proposal. The possible levy of up to 25% has united rivals … Read more
U.S. President Donald Trump and British Prime Minister Keir Starmer said Monday that they had signed a trade deal that will slash tariffs on U.K. auto and aerospace industry imports — but they are still discussing how to handle steel production. The pair spoke to reporters at the Group of Seven summit in the Canadian Rockies, with Trump brandishing the pages … Read more
Workers assemble cars on the assembly line at the Volkswagen automobile factory on March 07, 2025 in Wolfsburg, Germany. Sean Gallup | Getty Images News | Getty Images China appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage. … Read more
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to … Read more
Take-Two Interactive, the publisher behind Grand Theft Auto VI, is forgoing any mention of diversity, equity, and inclusion (DEI) efforts and promoting “diversity of thought” in its latest annual report. The change, first spotted by Game File, is part of the company’s annual 10-K report, which offers insight into the company’s business, financials, and risk … Read more
A Leopard 2 tank gear transmission in a production hall at the Renk AG plant in Augsburg, Germany, on Monday, May 8, 2023. Bloomberg | Bloomberg | Getty Images Tank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising … Read more
Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales. The Italian manager, who has led Stellantis in North and South America, will succeed Carlos Tavares, who abruptly quit in … Read more
Four former Volkswagen executives received prison sentences Monday for their role in the emissions-cheating scandal that fundamentally transformed Europe’s car market. The verdict, delivered after a three-year trial in Braunschweig, Germany, marked the latest chapter in a 10-year-long saga that reshaped the continent’s relationship with diesel technology. Jens Hadler, who oversaw diesel engine development, received … Read more
Advance Auto Parts, Inc. (NYSE: AAP) reported its first quarter 2025 earnings results today. Net sales were $2.6 billion compared to $2.8 billion in the prior-year period. Comparable store sales decreased 0.6%. Net income was $24 million, or $0.40 per share, compared to $40 million, or $0.67 per share, last year. Adjusted loss per share … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4