Autos

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Canada auto tariffs to hit 50% amid trade war

US President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Maryland on Aug. 21, 2026. Saul Loeb | AFP | Getty Images President Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027,...
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Why U.S. brands like Nike and Starbucks struggle in China

China was once one of the most attractive and fastest-growing markets for many American brands. With its population of more than 1.4 billion people and massive opportunities for businesses, companies were racing to take advantage of the boon that China could offer. But in recent years, some consumer brands, including Nike, Starbucks and General Motors,...
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EV model becomes a $40 million collector’s item

Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model. Ferrari | Via Reuters A personalized model of Ferrari’s first fully electric vehicle has sold for $40 million in a charity sale, defying market skepticism and setting a record...
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Why this stock market is defying the critics

European equities have historically struggled to ignite the kind of investor enthusiasm enjoyed by U.S. stocks and certain fast-growing Asian markets. The continent has fewer high-growth companies, shallower capital markets and is thought to have a less compelling long-term earnings growth story. A spike in governments’ fiscal spending at the beginning of 2025, however, brought...
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Its most powerful production car ever

Lamborghini on Friday launched the Revuelto SV, a limited-edition hybrid version of its V12 Revuelto that’s the fastest and most powerful car ever built at its factory. The model is the latest in Lamborghini’s storied “SV” line, which began 55 years ago with the Miura SV and has showcased lighter, more aerodynamic and more powerful...
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