European stock indexes were mixed, with gains in autos and semiconductors unable to lift the lift the Europe-wide Stoxx 600 index.

The approval follows an announcement made in April that Seres would become an equal shareholder in Ionchi, joining BMW and Mercedes-Benz, with each of the three companies holding a 33.3% stake in the joint venture.

Solid Power (NASDAQ:SLDP) said it is advancing a capital-light strategy centered on supplying sulfide solid electrolyte materials for all-solid-state batteries, while targeting increased production capacity, deeper partnerships and expansion into markets beyond electric vehicles. During a JPMorgan

The new automated facility increases the company’s capacity to 100,000 vehicles per year.

The company will spend the capital on international expansion, research and development of its code review tools.

TSLA's Japan sales are surging, prompting a 60% expansion in delivery sites as subsidies and added import capacity support further growth.

Ituran Location and Control (NASDAQ:ITRN) reported record second-quarter revenue and profitability for 2026, driven by growth in recurring subscription revenue, subscriber additions and expanding original equipment manufacturer relationships. Revenue for the quarter rose 21% year over year to $104.

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In early August 2026, CELUS announced a partnership with Variscite that embeds Variscite’s NXP-based system-on-module portfolio into the CELUS Design Platform and NXP Block Diagram Designer, aiming to streamline embedded system development for industrial, medical, and IoT applications. A separate August 2026 announcement revealed that NXP’s Trimension NCJ29D6 ultra-wideband chips will be used across BMW’s future vehicle fleet for digital keys and in-cabin presence detection, underlining...

Covestro joins BMW, Forvia Hella and others to develop fully recyclable automotive lighting components.

After decades of winning over Chinese buyers with its German engineering, Mercedes-Benz Group AG sold only 1,153 units in China in the first half of 2026, a fraction of the more than 80,000 similarly priced SU7 sedans Xiaomi Corp. delivered in the period. The performance echoes the challenges BMW AG, Volkswagen AG and Porsche AG face in China, where they all reported second-quarter sales declines of at least 30%, worse than the overall market's drop. Bloomberg's William Wilkes reports.

Greenville, S.C., pairs nature access with a Michelin-recognized food scene and a buzzing downtown. Here’s how to make a trip count.

Bayerische Motoren Werke stock has fallen sharply year to date, yet the valuation checks still lean cheap, which raises questions about whether recent price weakness or the current fundamentals are doing more of the talking on value. The share price is down 39.1% year to date, which suggests the market has sharply reset expectations for BMW. The planned reduction of around 8,000 German jobs may support margins over time, but the weaker Chinese market and lower profitability add meaningful...

Bayerische Motoren Werke (XTRA:BMW) reported second quarter 2026 earnings on 30 July, with sales of €21,108 million and net income of €1,236 million, and basic earnings per share from continuing operations of €2.05. See our latest analysis for Bayerische Motoren Werke. The latest quarterly result sits against a weak share price backdrop for Bayerische Motoren Werke, with the stock closing at €59.1 and the share price declining 38.64% year to date, while the 1 year total shareholder return is...

Lear's Q2 earnings beat estimates on E-Systems margin expansion. The company's 2026 share buyback target rises to at least $350 million.

Qualcomm (NASDAQ:QCOM) signed a long-term deal on July 29 to supply chips for BMW’s future digital cockpit and advanced driver-assistance systems through the next decade. The agreement builds on a partnership that already put the Snapdragon Ride Pilot system into BMW’s iX3, and it arrives while investors are still deciding whether Qualcomm’s push beyond smartphones […]

Austin Huffman, founder of car exhaust system company Valvetronic Designs, sits down with Market Domination host Josh Lipton and Yahoo Finance Senior Autos Reporter Pras Subramanian to discuss the car customization industry and how electric vehicles (EVs) like Tesla (TSLA) come into play.

Moby summary of Solid Power, Inc.'s Q2 2026 earnings call

Solid Power (NASDAQ:SLDP) reported a second-quarter net loss of $23.8 million, or $0.11 per share, as the solid-state battery materials company continued to invest in electrolyte development, customer programs and a continuous-production pilot line. Revenue for the second quarter was negative $300,

For two years, BMW was the German automaker that seemed to have figured it out. While Volkswagen was announcing 35,000 job cuts and Mercedes-Benz was launching its own redundancy program, BMW kept its head down and its numbers relatively clean. It held onto combustion engine options when rivals ...

The new supply arrangement is designed to form the computing foundation for future BMW models, Qualcomm said.

BMW confirms its 8%-10% EBIT margin target remains intact as it launches a four-pillar restructuring program to navigate FX headwinds and a surprise volume decline in China.

In the second quarter, BMW’s net profit fell 34.9% to €1.20bn. For the first half, net profit dropped to €2.87bn from €4.01bn a year earlier.

Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said Thursday as it prepares to cut almost 10 percent of its German workforce.BMW confirmed its adjusted guidance for the year, saying it expects profit to fall over 10 percent in 2026.

Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW) said it is preparing a broad transformation program focused on streamlining processes, increasing the use of artificial intelligence and offering voluntary severance packages for indirect employees, while maintaining its production footprint in k

Earnings before interest and taxes plummeted by 39% on year as the group faced weakening sales in China, as well as currency and commodity headwinds, it said Thursday.

Investing.com -- Mercedes-Benz Group AG Chief Executive Officer Ola Källenius said the intense pricing competition in China's car market will continue for years.

New growth engines must now prove their financial value.

Qualcomm (NasdaqGS:QCOM) has signed a new long term chip supply agreement with BMW to support next generation AI enabled vehicle platforms. The agreement covers AI powered digital cockpit and driver assistance systems for future BMW models. Qualcomm has completed its acquisition of Modular Inc, which provides AI software infrastructure. These moves expand Qualcomm's reach in automotive and AI software beyond its historical focus on smartphones. Qualcomm has long been associated with...

Qualcomm announces a major strategic agreement with BMW. But caution is still warranted in playing QCOM shares today.

Wall Street expects Qualcomm to report $9.6 billion in revenue and earnings per share of $2.22 for the fiscal third quarter.

Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Breaking News Reporter Jake Conley to take a closer look at the weakness emerging in the luxury consumer market — including high-end auto brands — from China.

STORY: BMW has joined the growing list of Germany's automakers who are planning to slash their workforces by thousands. The sector is under pressure from the costly shift to electric vehicles, intense competition from China and U.S. tariffs. BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy program. According to a person familiar with the matter, the total workforce is expected to shrink by around 8,000. The Munich-based group currently employs about 150,000 people worldwide. BMW, formerly seen as a somewhat steady hand among its peers, cut its profit outlook in June for the current year. It cited weaker-than-expected business in China, where vehicle sales have fallen sharply in recent months. Its CEO subsequently said the business would accelerate and intensify ongoing cost-cutting efforts. Volkswagen and Mercedes-Benz have already struck agreements to cut tens of thousands of workers. Sports car maker Porsche and Audi, both part of the Volkswagen Group, have ramped up restructuring plans. Workers protested on Wednesday at an Audi plant threatened with closure. A source said BMW's CEO warned of a challenging time ahead. But said the measures were important to ensure BMW becomes more profitable.

Qualcomm said on Wednesday it has signed a long-term deal to supply ‌chips for German luxury automaker BMW's future ‌digital cockpit and advanced driver-assistance systems through the next decade. The ​agreement comes as competition intensifies in the automated driving market, with Nvidia and Mobileye Global also aiming to supply chips and software platforms to automakers. • The ‌deal includes Qualcomm's ⁠Snapdragon Digital Chassis solutions, including cockpit processors, automated driving chips and AI accelerators, which ⁠the companies said would establish the hardware basis for BMW's AI-led platforms.

The potential cuts come a month after the German carmaker slashed its sales and profitability guidance amid fierce competition in China.

The German carmaker has agreed a voluntary redundancy programme targeting administrative and development roles, while ruling out compulsory redundancies and cuts to production jobs, according to media reports.View on euronews