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A new factory in Hungary will help the Chinese automaker take on auto giants like Volkswagen on their home turf...

Tesla faces rough quarters ahead as car sales decline despite a booming global EV market...

President Trump reached a trade deal with the European Union over the weekend. The deal imposes a 15% baseline tariff on products imported from the bloc, including cars. The EU agreed to buy $750 billion of U...

SEOUL (Reuters) -The chairman of South Korea's Samsung Electronics Jay Y. Lee departed on Tuesday to Washington for a business trip, a company spokesperson said, a day after unveiling a $16.5 billion deal to supply chips made in Texas to Tesla. The Yonhap News Agency said in a report Lee was expected to support ongoing trade talks between South Korea and the United States during his trip. South Korea's presidential spokesperson Kang Yu-jung said she was not aware of Lee's trip and could not provide further comment on matters related to a private company...

Seoul (Reuters) -Shares in Samsung Electronics came under pressure on Tuesday, following a powerful rally the previous day after the South Korean technology company clinched a $16.5 billion deal to supply artificial intelligence chips to Tesla. Analysts said the deal could bolster the technology company's unprofitable contract manufacturing business, but Samsung faces challenges in securing additional large customers both for logic chips and memory chips where it struggles against TSMC and SK Hynix. "This new deal breathes some much-needed life into the business and may signal the start of a turning point for Samsung, but its memory business will need to make considerable progress too," Ben Barringer, global technology analyst at Quilter Cheviot, said...

Editor’s Note: This story has been updated to include the latest developments Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has confirmed signing a massive $16.5 billion chip manufacturing deal with Samsung Electronics (OTC:SSNLF), marking a major win for .....