Stephen Wilmot

Three months ago Royal Philips got a huge boost when it finally drew a line under the bulk of its U.S. legal woes. Now it is showing signs of business improvement too. Shares in the Dutch healthcare-technology company jumped 15% Monday, topping the Stoxx Europe 600 index of large-cap European companies.

Volkswagen, General Motors and other big brands are losing their grip on a once-lucrative market as Chinese consumers embrace homegrown electric vehicles.

The auto giant is considering cuts it has long avoided in Germany as it contends with tepid interest in a high-cost technology.

BMW is leading a selloff in car stocks. A profit warning from the Munich-based manufacturer on Tuesday sent its shares down 9% and dragged down peers such as Stellantis and Mercedes-Benz. BMW is facing three headaches: a faulty braking system, weak car sales in China, and tougher competition in motorcycles.

Top-end German carmakers have joined expensive French handbags among the products hit by weak consumer sentiment in the country.

Shares in the EV maker fell after much-hyped event was heavier on showbiz than financial details.

The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.

The world's second-largest automaker and the Silicon Valley startup are trying to address each other's core weakness.

The world's second-largest automaker and the Silicon Valley startup are trying to address each other's core weakness.

The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.