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Volkswagen’s profit falls 44% in 2025 as the automaker plans to cut 50,000 jobs in Germany by 2030.
Honda has agreed to acquire LG Energy Solution’s battery manufacturing assets in Ohio for $2.9 billion, strengthening its control over electric vehicle production in North America.
Elon Musk’s open-market purchase of around $1 billion in Tesla shares reignited investor faith, sending the stock into positive territory for the year.