Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa on Friday said the automaker plans to move forward as one company amid speculation that it would be better off selling brands or splitting up after disappointing results. “Stellantis is a … Read more

Stellantis shares plunge 27% after automaker announces $26 billion hit from business overhaul

Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025.  Henry Romero | Reuters Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 … Read more

U.S.-China power struggle thrusts Panama Canal back into the spotlight

This aerial view shows the Taiwanese cargo ship Yang Ming sailing out of the Panama Canal on the Pacific side in Panama City on October 6, 2025. Martin Bernetti | Afp | Getty Images A simmering dispute over two container ports at either end of the Panama Canal risks becoming a geopolitical flashpoint between the … Read more

Sweden’s Volvo Cars is down 25%. Here’s why the automaker is on track for its worst day ever

This photograph shows a partial view of a Volvo X30 electric car with the company logo at the Volvo factory in Ghent on April 25, 2025. This factory will produce the Volvo X30 100% electric model for the European market. Nicolas Tucat | Afp | Getty Images Shares of Sweden’s Volvo Cars tumbled more than … Read more

China ramps up threats over Panama Canal ruling that handed Trump a major victory

A cargo ship transits through Panama Canal Cocoli locks in Panama City on February 21, 2025. Martin Bernetti | Afp | Getty Images The Chinese government has condemned a ruling from Panama’s top court, warning the Central American country “will inevitably pay a heavy price” unless it changes course. The rebuke comes shortly after Panama’s … Read more

Ford to record $600 million pretax pension charge in fourth quarter

A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, US, on Thursday, Dec. 18, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — Ford Motor said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other … Read more

Trump gets a boost as Panama Canal ruling ups the ante in U.S.-China power struggle

The Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong. Martin Bernetti | Afp | Getty Images Panama’s top court has ruled against Hong … Read more

Carvana shares fall 14% following short-seller accusations

A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family.  Gotham City Research alleged Wednesday that the online used car … Read more

Southwest ends open seating after 54 years. Here’s what the last flight was like

OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of … Read more

The government is barreling toward a partial shutdown over DHS funding. Here’s what to expect

The U.S. government is on the brink of a partial shutdown beginning at 12:01 a.m. ET Saturday in large part because of a second recent killing of a U.S. citizen by federal agents in Minneapolis. It would be different than last year’s shutdown. The killing of Alex Pretti, a 37-year-old intensive care nurse, has galvanized … Read more