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Porsche


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Porsche hit as Trump's VP choice heightens China worries

BUZZ-Porsche hit as Trump's VP choice heightens China worries ** Porsche AG P911_p.DE down as much as 5.7% on growing concerns over its exposure to China, after former U.S. President Donald Trump picks Ohio Senator J.D. Vance as his running mate ** "JD is known as China hardliner" notes one trader. Another dealer says a harder U.S. stance over China won't help the world's No.
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Spanish train maker Talgo receives merger offer from Czech rival Skoda

Spanish train maker Talgo receives merger offer from Czech rival Skoda MADRID, July 16 (Reuters) - Spanish train maker Talgo TLGO.MC said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares. Skoda, which is unrelated to the car maker owned by Germany's Volkswagen, made an offer of "business combination and industrial merger" without any economic offer, Talgo said in a statement.
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Tariffs offer poor airbag for Europe’s carmageddon

BREAKINGVIEWS-Tariffs offer poor airbag for Europe’s carmageddon The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, July 15 (Reuters Breakingviews) - The cavalry has arrived, but try telling that to European carmakers. Volkswagen VOWG_p.DE , Renault RENA.PA and others still have miserable valuations despite Brussels threatening China with electric-vehicle penalties.
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South Korea's SK On in talks to supply prismatic EV batteries as it seeks turnaround

South Korea's SK On in talks to supply prismatic EV batteries as it seeks turnaround By Heekyong Yang SEOUL, July 13 (Reuters) - South Korean EV battery maker SK On is in talks with automakers to supply prismatic batteries, expanding from its existing pouch-type batteries, a senior executive said, as it scrambles to turn around amid slowing global electric vehicle (EV) demand.
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Rotation time

LIVE MARKETS-Rotation time Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ROTATION TIME Futures point to a sluggish open for large European names on Friday, but eyes will be on small caps after they outperformed larger peers the day before as some investors reshuffled their packs after cooler-than-expected U.S.
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U.S. STOCKS Pure Cycle, Tesla, Five9

BUZZ-U.S. STOCKS ON THE MOVE-Pure Cycle, Tesla, Five9 Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 fell from record highs on Thursday, weighed by megacap stocks, as investors favored small-caps after a softer-than-expected inflation reading bolstered hopes that the U.S.
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U.S. STOCKS Delta Air Lines, Crypto stocks, Solar stocks

BUZZ-U.S. STOCKS ON THE MOVE-Delta Air Lines, Crypto stocks, Solar stocks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main stock indexes struggled for direction on Thursday as investors favored rate-sensitive small-cap stocks over expensive megacaps after a softer-than-expected inflation reading bolstered hopes for monetary policy easing in September.
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U.S. STOCKS Alcoa, 40, Broadcom

BUZZ-U.S. STOCKS ON THE MOVE-Alcoa, WD-40, Broadcom Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street futures turned positive on Thursday after data showed inflation eased in June, boosting expectations of
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QuantumScape jumps as Volkswagen to ramp up production of co-developed battery cells

BUZZ-QuantumScape jumps as Volkswagen to ramp up production of co-developed battery cells Updates ** Shares of battery startup QuantumScape QS.N rise 27.4% to $6.89 ** Stock set to erase most of its YTD losses, if gains hold ** Volkswagen VOWG_p.DE will ramp up production of solid-state batteries developed with QS, the companies say ** Under an agr
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U.S. STOCKS Costco, PepsiCo, Alcoa

BUZZ-U.S. STOCKS ON THE MOVE-Costco, PepsiCo, Alcoa Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. index futures slipped on Thursday on expectations that a key inflation print could shaperate-cuts bets and put Wall Street's record-breaking run to the test, while Delta Air Lines slumpedafter a weak forecast, dragging other airline stocks.
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QuantumScape jumps as Volkswagen to ramp up production of co-developed battery cells

BUZZ-QuantumScape jumps as Volkswagen to ramp up production of co-developed battery cells ** Shares of battery startup QuantumScape QS.N rise 15.7% to $6.26 premarket ** Volkswagen VOWG_p.DE will ramp up production of solid-state batteries developed with QS, the companies say ** Under an agreement announced on Thursday, Volkswagen's battery unit Po
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VW's MAN and E.ON join forces to charge electric trucks

UPDATE 1-VW's MAN and E.ON join forces to charge electric trucks Adds details throughout FRANKFURT, July 11 (Reuters) - German energy company E.ON EONGn.DE and Volkswagen subsidiary MAN VOWG.DE Truck & Bus plan to set up a pan-European electric charging network for trucks, starting this year, they said on Thursday. Europe has set itself the goal of reducing emissions from heavy commercial vehicles by 90% by 2040 compared with 2019. So far, however, zero-emission electric trucks are rare in Europ
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Spot prices mixed, with Germany up, France down

EUROPE POWER-Spot prices mixed, with Germany up, France down FRANKFURT, July 11 (Reuters) - European prompt power prices trends were mixed on Thursday, rising in Germany on reduced solar power output expectations and falling in France on lower demand and more wind power availability. German baseload for the day-ahead TRDEBD1 gained 1.9% to 90.8 euros ($98.46) per megawatt hour (MWh) by 0955 GMT, LSEG data showed.
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Porsche AG shares rise after investor call

UPDATE 2-Porsche AG shares rise after investor call Recasts, adds Stifel comment in paragraph 5, updates share move FRANKFURT/LONDON, July 10 (Reuters) - Shares in luxury carmaker Porsche AG P911_p.DE rose 3.9% and were among the biggest gainers in Frankfurt's blue-chip DAX .GDAXI index on Wednesday after positive brokerage comments following a call with investors.
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BMW leads German premium car brands in first-half sales

UPDATE 1-BMW leads German premium car brands in first-half sales Updates with Mercedes-Benz, Porsche figures BERLIN, July 10 (Reuters) - BMW BMWG.DE on Tuesday reported the strongest sales among Germany's top three premium carmakers and was the only brand to significantly boost battery-electric deliveries, as Mercedes-Benz and Porsche struggled with low demand.
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Barclays starts Volvo at 'equal weight' as it prefers German peers

BUZZ-Barclays starts Volvo at 'equal weight' as it prefers German peers ** Barclays initiates Volvo VOLVb.ST with "equal weight" and says it prefers German peers over the Swedish truck maker based on their turnaround potential ** It sets Volvo's PT at SEK 300 vs SEK 263.2 at Tuesday's close ** The broker prefers Daimler Truck DTGGe.DE and Traton 8T
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Volkswagen's deliveries fall in the second quarter

CORRECTED-Volkswagen's deliveries fall in the second quarter Corrects to read deliveries (not shipments) of battery-electric vehicles, in paragraph 3 July 10 (Reuters) - Volkswagen VOWG_p.DE said on Wednesday group deliveries decreased 3.8% in the second quarter of the year compared to the same period a year ago, but that it still expects a slight pick-up for the full year.
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European shares rise as earnings take centre stage; Powell's comments on tap

CORRECTED-UPDATE 1-European shares rise as earnings take centre stage; Powell's comments on tap Corrects Powell's testimony timings to 1400 GMT from 1000 GMT in paragraph 6 Kongsberg tracks best day in 5 months on strong Q2 results Enagas to sell 30% stake in Tallgras to Blackstone, shares up UK's Travis Perkins rises on CEO appointment STOXX 600 up 0.2% By Shubham Batra July 10 (Reuters) - European shares advanced on Wednesday led by corporate earnings, although gains were limited by weak oil a
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Volkswagen under pressure as China sales fall and Audi falters

UPDATE 3-Volkswagen under pressure as China sales fall and Audi falters VW lowers 2024 returns forecast to 6.5%-7% on unplanned expenses Analysts welcome efforts to lower costs, reduce capacity Audi's Q8 e-tron demand down as brand teases newer models VW Group sales down 3.8% in Q2 with 20% drop in China Shares down 1% Adds delivery figures in paragraphs 2-3 By Victoria Waldersee BERLIN, July 10 (Reuters) - Volkswagen shares VOWG_p.DE slipped on Wednesday after an overnight profit warning trigge
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Europe to steady after French-led drop, eyes on German autos

LIVE MARKETS-Europe to steady after French-led drop, eyes on German autos Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sare your thoughts with us at markets.research@thomsonreuters.com EUROPE TO STEADY AFTER FRENCH LED DROP, EYES ON GERMAN AUTOS European shares were set to steady on Wednesday after another French-led drop the day before, with earnings season gradually taking centre stage and investors gearing up for Thursday's U.S.
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