Porsche on Friday named Michael Leiters, former chief executive of McLaren, as a potential successor to CEO Oliver Blume in a move which could end Blume's dual leadership role after criticism from inv... ...

Jefferies' fund caught up in the collapse of auto parts maker First Brands is separate from its investment banking business, its top executives said at the bank's investor day. ...

Core Insights - Autoliv, the world's largest producer of airbags and seatbelts, reported a third-quarter adjusted operating profit that exceeded market expectations [1] - The company indicated that it has recovered approximately 75% of the tariff impact from previous trade disputes [1] Financial Performance - The adjusted operating profit for the third quarter was above market expectations, showcasing strong financial performance [1] - Specific figures regarding the profit were not disclosed in the provided content [1] Market Position - Autoliv maintains its position as the leading global supplier in the automotive safety industry, particularly in airbags and seatbelts [1] - The recovery of 75% of the tariff impact suggests effective management strategies in response to external economic pressures [1]

Core Insights - Shares of Chinese EV maker Xiaomi experienced their largest weekly decline in over 3.5 years, attributed to reports of two separate accidents involving its best-selling model this week [1] Company Summary - The significant drop in Xiaomi's stock price indicates potential investor concerns regarding the safety and reliability of its electric vehicles [1] Industry Summary - The incidents involving Xiaomi's EVs may impact consumer confidence in the broader electric vehicle market in China, highlighting the importance of safety in the competitive landscape [1]

Oliver Blume's planned exit as Porsche AG CEO is long overdue, German mutual fund firm Deka Investment said on Friday, adding he must focus on turning around parent Volkswagen. ...

Core Viewpoint - European defence stocks experienced a significant decline on Friday due to the announcement of a planned summit regarding the war in Ukraine, which disrupted the sector's strong performance earlier in the year [1] Group 1 - The defence sector had been performing well prior to the news of the summit [1] - The planned summit is directly linked to the ongoing conflict in Ukraine, indicating geopolitical factors are influencing market performance [1]

Core Points - Long-term shareholders of Starbucks have urged the company to engage in discussions with its workers' union regarding staffing, wages, and other related issues [1] Group 1 - Shareholders are advocating for a resumption of talks with the workers' union [1] - The letter was made public on the New York City Comptroller's website [1]

Core Viewpoint - Man Group's shares reached a six-month high following a 22% increase in assets under management, totaling a record $213.9 billion for the year ending September 30, surpassing expectations [1] Group 1: Financial Performance - The hedge fund reported a 22% increase in assets under management [1] - Total assets under management reached a record $213.9 billion [1]

Core Points - BBVA's shares increased by 5.7% following the announcement of the immediate resumption of share buybacks [1] - The decision to resume buybacks comes after BBVA's unsuccessful attempt to persuade Sabadell shareholders to support its €16.32 billion ($19.09 billion) hostile takeover bid [1]

Core Points - Ford is recalling nearly 625,000 vehicles in the U.S. due to issues with seatbelt and rear view camera display [1] Group 1 - The recall affects a significant number of vehicles, indicating potential widespread safety concerns [1] - The U.S. National Highway Traffic Safety Administration is overseeing the recall process, highlighting regulatory involvement [1]