David Sachs

Carmaker Volvo cut its earnings expectations for 2025, citing complex market conditions and uncertainty around worldwide trade wars.

BMW said it would release hydrogen-powered versions of one of its existing model lines in 2028 as part of its strategy—which Toyota shares—to broaden its reach with various fuel types.

BMW recalled more than 140,000 of its electric Mini Coopers worldwide, citing the potential for battery fires, though no accidents or injuries have been reported.

Tesla is set to pay lower tariffs on electric vehicles exported from China to the European Union after the bloc revised penalties for carmakers amid an investigation into allegedly unfair subsidies from Beijing.

Volkswagen earnings beat forecasts in the second quarter but operating margin was below its expectations for the first half, and the carmaker said it was planning significant cost cuts.

Rolls-Royce raised its full-year guidance and said it would reinstate dividends after its earnings jumped in the first half, lifting the stock to a record high.

Daimler Truck lowered its earnings forecast for the year, citing a hit from its Chinese joint venture, but posted second-quarter sales that beat expectations.

L’Oreal’s earnings rose in the second quarter, driven by growth outside of China.

L’Oreal’s earnings rose in the second quarter, driven by growth outside of China.

Mercedes-Benz lowered the ceiling for a key profitability target and flagged a tough Chinese market and trade tensions, but predicted a better second half of the year.