Business - Page 20

The latest updates and key developments from the business world.

January 9, 2026

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year, reflecting a pullback in its electric

January 6, 2026

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales in the United States in 2025, supported by strong consumer demand for its hybrid lineup and more affordable pickup trucks.

January 5, 2026

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported US vehicle sales of 2,518,071 units in 2025, an increase of 8.0% compared with 2024. On a daily selling rate

Boeing CEO Pledges Focus on Safety After 737 MAX Emergency

by Jamie Spencer

Ortberg tells Senate: “I’m pressuring the team to do it right” Boeing CEO Kelly Ortberg told the U.S. Senate Commerce Committee on Wednesday that the company is prioritizing safety over speed following

April 2, 2025

DWS Fined €25M by German Prosecutors for Greenwashing

by Jamie Spencer

Asset manager misled investors over ESG claims German prosecutors have fined asset management firm DWS €25 million ($27 million) after a lengthy investigation found the company guilty of greenwashing—misleading the public about

April 2, 2025

Gold Climbs as Markets Brace for Trump’s Tariff Rollout

by Jamie Spencer

Prices near record highs amid safe-haven demand Gold prices rose on Wednesday, edging closer to their all-time high as investors sought safety ahead of President Donald Trump’s anticipated announcement of sweeping new

April 2, 2025

Amazon Sets April 9 Launch Date for Kuiper Satellites

by Jamie Spencer

First operational deployment marks milestone for broadband push Amazon has announced that the first operational launch of its Kuiper internet satellites will take place on April 9 at 12 p.m. ET. The

April 2, 2025

Target Pressures Chinese Suppliers Ahead of Tariffs

by Jamie Spencer

Retailer seeks cost sharing as new duties loom Target is reportedly asking some Chinese suppliers to absorb part of the costs tied to incoming U.S. tariffs, joining other major retailers like Costco

April 1, 2025

SoftBank’s $40B OpenAI Bet Breaks Startup Records

by Jamie Spencer

Massive investment eclipses all previous private funding rounds SoftBank has committed up to $40 billion in financing to OpenAI, marking the largest startup investment in history. The figure dwarfs all previous venture

April 1, 2025

GM Reports 17% Surge in Q1 U.S. Vehicle Sales

by Jamie Spencer

Automaker sees growth across all brands, EV sales nearly double General Motors announced a robust 17% increase in U.S. sales for the first quarter, with all four of its brands—Chevrolet, Cadillac, GMC,

April 1, 2025

Huawei Sees 28% Profit Drop Amid Record R&D Spending

by Jamie Spencer

Revenue grows at fastest pace in five years, boosted by consumer tech Huawei Technologies reported a 28% fall in net profit for 2024, totaling 62.6 billion yuan ($8.63 billion), as the Chinese

March 31, 2025

Ferrari to Raise U.S. Prices by 10% Amid Tariffs

by Jamie Spencer

Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to

March 27, 2025

British Steel Blast Furnaces Face Closure by June

by Jamie Spencer

Thousands of Jobs at Risk Amid Tariffs and Environmental Pressures China-owned British Steel said it could shutter its two blast furnaces in Scunthorpe as soon as June, potentially putting up to 2,700

March 27, 2025

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