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A screen showing the value and gains on the Tokyo Nikkei index

Tokyo's Nikkei soars to one-year peak on trade deal

Japanese car makers led a surge in the Nikkei share average to a one-year peak today, after Tokyo reached a trade deal with Washington, ending a months-long stalemate.

Business • 23 Jul

As well as a 27.5% tariff imposed on European-made Volvo cars entering the US, it has also been hit by a 25% tariff on auto parts as well as on steel and aluminium

Volvo Cars' Q2 operating profit beats expectations

Volvo Cars today reported a sharp decline in second-quarter operating profit that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and softening demand.

Business • 17 Jul

EU Commissioner Stephane Sejourne in a suit walking in front of a flag

EU 'must reduce reliance' on China's rare earth minerals

The diversification of supply of raw materials is important to stay independent in the future, EU Commissioner for Industrial Strategy Stephane Sejourne has said, adding that the EU should reduce its dependency on China regarding rare earth magnets.

Business • 04 Jun

Ford CEO Jim Farley said that car makers with the largest US footprint will have a big advantage.

Ford warns of $1.5 billion hit from Trump's tariffs

Ford Motor has suspended its annual guidance because of uncertainty around US President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes.

Business • 06 May

The European Union has prioritised tackling climate change and agreed to phase out new sales of combustion engine vehicles by 2035

EU carmakers to get more time on emission rules

EU chief Ursula von der Leyen said today she wanted to give struggling European carmakers "breathing space" by allowing them extra time to meet 2025 emission reduction targets without facing fines.

Business • 03 Mar

A merger between Nissan and Honda would have created a car group worth $60 billion and the world's fourth-biggest by vehicle sales after Toyota, Volkswagen and Hyundai

Nissan and Honda formally end $60 billion merger talks

Japan's Nissan and Honda said today that their boards had voted to end talks to merge but would continue to cooperate in electric vehicles.

Business • 13 Feb

Makoto Uchida (L), president and CEO of Nissan with Toshihiro Mibe, director, president and representative executive officer of Honda pictured in August

Honda, Nissan move to deepen ties, sources say

Honda and Nissan are in talks to deepen ties, two people said today, including a possible merger, in the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Business • 18 Dec 24

Mercedes-Benz trims 2024 core profit outlook again

Mercedes-Benz has cut its full-year profit margin for the second time in less than two months, after overall sales volume fell in China.

Business • 20 Sep 24

Nissan has today reported its worst quarterly performance in more than three years

Nissan sees Q1 profit wiped out by US discounts

Nissan Motor saw its first-quarter profit almost completely wiped out today and slashed its annual outlook, as deep discounting in the US shredded the Japanese automaker's margins.

Business • 25 Jul 24

Nissan has forecast global retail sales this financial year at 3.7 million vehicles, up 7.5% from the 3.4 million sold last fiscal year

Nissan upbeat on annual profit despite challenges

Japan's Nissan Motor said it expects to beat analyst estimates with a 5.5% rise in operating profit this fiscal year on higher global sales, while warning that intense competition and challenges from inflation would continue.

Business • 09 May 24

Intel's Mobileye has emerged at CES as one of the leaders in locking down the brains of self-driving cars for the next decade

Tech alliances firm up in the self-driving car wars

Major automakers like General Motors, Ford Motor and Volvo Cars have deepened ties with key technology partners this week to gird for the fight against electric car challenger Tesla and Apple as it revs up to enter the market.

Business • 07 Jan 22

Intel said it will open up its semiconductor plant in Ireland for car makers

Intel to invest €80 billion to boost EU chip capacity

Intel has said it could invest as much as €80 billion in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for car makers.

Business • 08 Sep 21

Intel is planning to make chips for car plants at its factories in the next six to nine months

Biden works to fix chips shortage

US President Joe Biden has met with executives from major companies to discuss the global chip shortage that has hit automakers and spurred Intel to announce it plans to make chips for car plants at its factories in the next six to nine months.

Business • 13 Apr 21

Covid-19 has battered whole sectors of Europe's economy

Covid-19 - Europe's economic virus casualties

The coronavirus pandemic has battered whole sectors of Europe's economy, with plans to repair the damage central to a high-stakes summit of EU leaders starting today in Brussels.

Business • 17 Jul 20

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