Focus on Transport
Tesla reports profit drop on price cuts, lower vehicle sales
Tesla reported a significant drop in Q2 profits Tuesday due to price cuts while heavily investing in AI and other tech.
Analog chipmaker Texas Instruments beats second-quarter profit estimates
Texas Instruments' Q2 profit beat estimates as analog chip demand stabilized; shares rose 4%, year-to-date gain 16%.
Tesla profit margins worst in five years as price cuts, incentives weigh
Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter
Tesla shares could swing 10% either way after earnings, options show
With Tesla market cap at around $800 billion, such a move would make for a swing in the value of the company of...
Britain’s Labour government must ‘make up lost ground’ to hit UK climate goals: CCC
The UK’s new Labour government must urgently reinstate the net-zero plans shelved by its predecessor in order to “limit the damage” caused by Conservative policy...
Strong US sales boost GM results as it slows some EV plans
GM posts strong Q2 profits with robust North American sales; slows EV expansion citing demand, delays Michigan plant.
Rolls-Royce exploring technology for narrow-body jet market
Rolls-Royce develops a smaller Ultrafan engine for next-gen narrow-body jets, exploring tech with aircraft manufacturers.
China electric truck startup Windrose to raise $200 million before US IPO, source says
Windrose's fundraising target is set to double from its initial plans.
John Swinney announces over £40m in funding to deliver 252 electric buses
The Scotland First Minister said the vehicles would reduce greenhouse gas emissions by more than 600,000 tonnes.
Windrose plans truck assembly in US in rare move by Chinese EV firm
Windrose hopes for a return to the world's second-largest auto market after presidential candidate Donald Trump stated his support.
