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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.
Tesla TSLA-5.58% stock was falling in early trading on Thursday—which looks set to be a bad day for the autos sector.
Crude oil prices edge higher as U.S. auto tariffs and falling inventories tighten supply. Market eyes key resistance levels for WTI and Brent crude.
Worries about throttled global trade and a hit to auto industry profits sent shares of car makers tumbling and drove markets broadly weaker on Thursday after President Donald Trump put a wall of tariffs around the U.S. auto sector.
US President Donald Trump signed a proclamation to implement a 25% tariff on auto imports. The proclamation specified automobile tariffs would be collected starting at 12:01 a.m.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
US President Trump has signed an order imposing 25% tariff on auto imports, setting the stage for an even broader push on levies next week. But he's also teased lowering tariffs on China if Beijing signs off on a deal that would keep TikTok from being banned in the US.
Here is how Bayerische Motoren Werke AG (BAMXF) and Michelin (MGDDY) have performed compared to their sector so far this year.
Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group , as well as rivals from China, data by research platform JATO Dynamics showed on Monday.
BMW Group is teaming up with China's Huawei (HWT.UL) to develop smart applications based on the Harmony operating system for drivers of its vehicles using the tech conglomerate's devices in China, the German automaker said on Monday.