Volkswagen says 6% margin target for brand realistic in medium term, analyst says
(Reuters) – Volkswagen (ETR:VOWG_p) told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the “medium term”, according to a note by Bernstein Research, after the German carmaker
Trump’s EV rollback not expected to suppress appetite for critical minerals
(In paragraph 8, corrects North American share of global EV market to 10% from 20%) By Melanie Burton and Ernest Scheyder (Reuters) -U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but
Senate Finance chair hoping for Bessent confirmation vote next week
By Bo Erickson (Reuters) – Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump’s pick as Treasury secretary, Scott Bessent, could occur next week. Bessent cleared Crapo’s committee by
Saudi crown prince seeks $600 billion investment push with U.S.
(Reuters) – Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kindgom seeks to expand its investments and trade relations with the United States over the next four years by at least $600 billion, the Saudi
Discover Financial fourth-quarter profit jumps on lower loan loss provisions
(Reuters) – U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, helped by a drop in provisions for credit losses and a rise in interest income. The Federal Reserve’s decision to lower