French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish… Continue reading CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
Author: CNBC Online news
CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying… Continue reading CNBC Daily Open: Europe is already responding to Trump tariffs
Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last… Continue reading Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive
BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery… Continue reading BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. The… Continue reading Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed
Toyota redesigns America’s top-selling RAV4 SUV to exclusively be a hybrid
2026 Toyota RAV4 Toyota PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night. The world’s largest automaker said the 2026 Toyota RAV4 only will be offered as a hybrid or plug-in hybrid,… Continue reading Toyota redesigns America’s top-selling RAV4 SUV to exclusively be a hybrid
Waymo says it reached 10 million robotaxi trips, doubling in five months
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Waymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned ride-hailing company has reached 10 million trips, doubling in the… Continue reading Waymo says it reached 10 million robotaxi trips, doubling in five months
What CEOs from auto, housing, travel and ad markets are saying about tariffs, consumer spending and the economy
watch now The outlook on consumer spending continues to get cloudier. Last week, consumer sentiment slid to its second-lowest reading on record while recent credit card data showed that many Americans are starting to cut back. Walmart, Microsoft and Subaru are just some of the companies that have warned of price increases related to tariffs,… Continue reading What CEOs from auto, housing, travel and ad markets are saying about tariffs, consumer spending and the economy
Elon Musk confirms Tesla plan for robotaxis on Austin roads in June
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas. CNBC Tesla CEO Elon Musk confirmed that the company will have robotaxis on the streets of Austin, Texas, by the end of June. In an interview with CNBC’s David Faber on Tuesday at the company’s headquarters in Austin, Musk said Tesla aims to… Continue reading Elon Musk confirms Tesla plan for robotaxis on Austin roads in June
Cadillac’s EVs are attracting new buyers, including more customers trading in Teslas
A Cadillac all-electric 2025 Escalade IQ luxury SUV is displayed during press day of the North American International Auto Show in Detroit, Michigan, September 14, 2023. Rebecca Cook | Reuters DETROIT — Cadillac’s expanding all-electric vehicle lineup is attracting a notable number of new buyers to the American luxury brand, including an increase this year… Continue reading Cadillac’s EVs are attracting new buyers, including more customers trading in Teslas