Industry
The latest news and insights from TheWkly's Industry section.
China Targets ‘Zero-Mileage’ Used-Car Loophole as Auto Sales Slump
Beijing, China: Regulators summoned major automakers and dealers to address the “zero-mileage” used-car trend—cars registered as used but never...
Trump Backs Nippon Steel’s $14.9 B Bid for U.S. Steel, Raising Questions
Washington, D.C.: President Trump unexpectedly endorsed Nippon Steel’s $14.9 billion purchase of U.S. Steel, reversing earlier opposition to...
WiseTech Global Acquires E2open in $2.1 Billion Landmark Logistics Deal
Sydney, Australia: Logistics software giant WiseTech Global is buying E2open for $2.1 billion, in its biggest-ever acquisition. The move adds...
Fast-Fashion Giant Shein Accused of Breaching EU Sales Laws
Brussels, Belgium: Global fast-fashion retailer Shein faces new allegations of violating EU sales regulations, according to Marketplace.org....
May New-Vehicle Sales Expected to Cool After Tariff-Fueled Surge; SAAR Forecast at 16M
Detroit, USA: Cox Automotive projects a May 2025 SAAR of 16.0 million units, down from 17.8 million in March. Analysts note the earlier surge came...
Chinese EV Stocks Plunge Amid Aggressive Price War
Beijing, China: Leading Chinese electric vehicle makers—including BYD, Li Auto, Great Wall Motor, and Geely—saw share prices drop 5–8% yesterday,...
Ex–Volkswagen Executives Sentenced in Dieselgate Fraud Case
Berlin, Germany: Four former Volkswagen executives were found guilty of fraud for their involvement in the infamous Dieselgate scandal that rocked...
Chinese Carmakers Surpass Global Luxury Rivals in Home Market
Beijing, China: Local auto brand Seres Group outpaced BMW and Mercedes in China’s premium car segment last year, surprising many with its AITO...
Dick’s Sporting Goods acquires Foot Locker in a $2.4B deal
Coraopolis, Pennsylvania, USA: Dick’s Sporting Goods just announced a $2.4 billion buyout of Foot Locker, merging two major US sports retail...
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