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XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad

By Shivani Kumaresan
April 25, 11:36 AM
As the European Commission investigates Chinese EVs, XPeng weighs overseas production options amidst regulatory adjustments. Brian Gu, co-president of Volkswagen-backed XPeng, reports potential shifts in strategy amid evolving regulations. With eyes on a 10% international sales boost, XPeng targets US market entry despite challenges.

VWAGY

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2 minute read

Magnificent 7 Tumble, Wipe Out $300 Billion On Meta’s Weak Guidance, Q1 Stagflation Woes

By Piero Cingari
April 25, 11:35 AM
Tech stocks plummet as Magnificent 7 giants lose $303B in market value. Meta Platforms issues weak guidance, GDP growth slows and inflation rises.

AAPL

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Honda’s Bet On Canadian EV Hub: Reportedly Plans $11B Investment

By Shivani Kumaresan
April 25, 11:27 AM
Honda Motor reportedly announces a groundbreaking $11 billion investment to pioneer electric vehicle manufacturing in Canada. Collaborating with Canadian authorities, this strategic move signifies Honda's commitment to meeting the rising demand for electric vehicles in North America. The decision underscores a significant milestone for Canada's emergence as a pivotal player in the regional electric vehicle market.

AVDE

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Struggle For Hertz Continues As Stock Loses 23% – Here’s Why

By Shivani Kumaresan
April 25, 10:54 AM
Hertz Global Holdings faces a dip in shares post-reporting a 1.6% sales uptick to $2.04 billion in Q1 FY24, slightly exceeding forecasts. Despite a 10% rise in average rentable vehicles, challenges persist with a 7% decline in total revenue per day (RPD). CEO Gil West attributes the performance setback to fleet and direct operating costs, highlighting areas for potential improvement.

HTZ