Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters.
Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the IAA Mobility motor show in Munich.
Japanese Prime Minister Fumio Kishida said on Monday the government would allocate an additional 20.7 billion yen ($141.41 million) to support the fisheries industry after China's total import ban of Japanese aquatic products.
The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition.
Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, Chief Executive Oliver Blume said at Munich's IAA mobility show.
Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs note, just as bank stock prices began to rise.
U.S. automaker Tesla sold 84,159 China-made electric vehicles (EVs) in August, a 9.3% rise from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday.
Europe's carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China's lead in developing cheaper, more consumer-friendly models, industry analysts and executives said at Munich's IAA mobility show.
Continental will integrate Google Cloud services into its vehicle cockpit system, the company said on Monday, enabling drivers to ask the vehicle for assistance such as context on nearby sights or information on the vehicle while driving.
