
Suzuki Is Becoming a Top Japan Importer With Made-in-India Cars
The Japanese carmaker brought 4,780 vehicles into Japan last month, up a dramatic 230-fold from a year earlier, overtaking Germany's Mercedes-Benz, according to data from the Japan Automobile Importers Association on Friday. Suzuki also clinched the top stop in April.

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Yahoo
19 minutes ago
- Yahoo
Tesla sales down 13.5% in Q2
Tesla sold 384,122 cars in the second quarter, down nearly 60,000 cars, or 13.5% from the sales total a year ago. This marks the largest year-over-year drop in sales in Tesla's history, although it is up 14.1% from its first quarter total. Industry registration data indicates that both US and European sales have fallen sharply, despite an overall increase in electric vehicle (EV) sales in both markets. Tesla also faces increased competition, not only from legacy Western automakers but also from Chinese manufacturers. This competition has significantly impacted Tesla's sales in China, the largest market for both EVs and auto sales, and Tesla's second-largest market. Tesla is poised to lose its title as the world's largest EV maker based on annual sales to Chinese automaker BYD, even though BYD does not sell cars in the US market. BYD has reported it has sold one million EVs in the first half of this year, exceeding Tesla's year-to-date total of around 721,000 units. Analysts point out that while Tesla has recently given its popular Model Y an update, it lacks a more affordable product offering – which has created an opportunity for rivals such as BYD, especially in China. BYD also sold more fully electric cars in Europe than Tesla for the first time ever in April. There are also suggestions that high-profile political activity in the US from CEO Elon Musk has also kept potential Tesla buyers away. "Tesla sales down 13.5% in Q2" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Bloomberg
44 minutes ago
- Bloomberg
Wealth Fund KIA Said to Be Seller of $3.4 Billion AIA Stake
By and Manuel Baigorri Updated on Save The Kuwait Investment Authority was the undisclosed shareholder behind the HK$26.8 billion ($3.4 billion) sale of a stake in insurer AIA Group Ltd., people with knowledge of the matter said. The sovereign wealth fund offloaded a 3.7% stake in Hong Kong-based AIA through a series of block trades, the people said, asking not to be identified because the information is private.
Yahoo
an hour ago
- Yahoo
Stocks, dollar drop as tariff talk dominates
Stock markets mostly fell while the dollar largely retreated Friday as international tensions over tariffs dominated sentiment. Traders digested news also of Congress narrowly passing US President Donald Trump's signature tax and spending bill that analysts argue risks ballooning national debt and wider inflation. On tariffs, Trump said he planned to start sending letters informing trading partners of their import levies as soon as Friday, as negotiations to avoid higher US rates entered the final stretch. In Europe, EU stock markets fell, with sentiment hit by China moving forward with "anti-dumping" taxes of up to 34.9 percent on cognac and other brandy imported from the bloc if producers don't voluntarily hike prices. London ended the day flat. Asian stock markets closed out the week mixed. Oil prices extended losses, with OPEC and the cartel's crude-producing allies expected this weekend to announce a rise to output. The main focus heading into next week was on Trump's tariff plans. "We draw ever closer to Wednesday's reciprocal tariff deadline, and thus traders are likely to grow jittery despite the tentative signals of a potential pathway to a deal," noted Joshua Mahony, chief market analyst at Rostro trading group. Governments around the world have fought to hammer out tariff deals with Washington after Trump unveiled a blitz of levies in early April. He and his top officials have said several were in the pipeline, but only Britain and Vietnam have signed pacts. China has agreed to a framework for it and the United States to slash tit-for-tat tolls and ship certain products. The prospect that trading partners from Japan and South Korea to India and Taiwan could be hit with stiff tariffs fuelled fresh worries about the global economy. "While we are unlikely to see a repeat of volatility like we did in early April, when markets were at the peak of tariff-related turbulence, we could potentially see some selling pressure if we see the return of tit-for-tat trade tariffs," said City Index and analyst Fawad Razaqzada. Uncertainty leading up to next week's cut-off tempered the positive lead from another record Thursday on Wall Street, where a forecast-busting US jobs report soothed worries about the world's top economy. The data dented the prospect of the Federal Reserve cutting interest rates at its July policy meeting, with bets now on two reductions before the end of the year -- the first likely in September. However, analysts suggested that all was not what it seemed, pointing to softness in the private sector. "We think that private-sector hiring has stalled, and we may see sporadic layoffs in some industries in the coming months," warned analysts at Japanese financial group MUFG. "Despite the unemployment rate having fallen... the flow of potential workers that remained out of the labour force rose sharply in June, further highlighting the weak hiring environment. "We continue to view labour demand as being fundamentally weak relative to the past several years," they added. Wall Street was closed on Friday for the US Independence Day holiday. - Key figures at around 1530 GMT - London - FTSE 100: FLAT at 8,822.91 points (close) Paris - CAC 40: DOWN 0.8 percent at 7,696.27 (close) Frankfurt - DAX: DOWN 0.6 percent at 23,7787.45 (close) Tokyo - Nikkei 225: UP 0.1 percent at 39,810.88 (close) Hong Kong - Hang Seng Index: DOWN 0.6 percent at 23,916.06 (close) Shanghai - Composite: UP 0.3 percent at 3,472.32 (close) New York: Closed for a public holiday Euro/dollar: UP at $1.1783 from $1.1755 on Thursday Pound/dollar: DOWN at $1.3641 from $1.3642 Dollar/yen: DOWN at 144.53 yen from 145.06 yen Euro/pound: UP at 86.37 pence from 86.14 pence West Texas Intermediate: DOWN 0.7 percent at $66.56 per barrel Brent North Sea Crude: DOWN 0.6 percent at $68.39 per barrel burs-rl/giv Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data