Dow Jones Top Company Headlines at 7 AM ET: Honda Expects Up to $15.7 Billion Hit From EV Strategy Reassessment | Tesla's ...

Dow Jones03-12 19:00

Honda Expects Up to $15.7 Billion Hit From EV Strategy Reassessment

The Japanese automaker expects to swing to its first annual loss in decades a result of the re-evaluation.

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Tesla's Grand Plan for the Future Is a Car With No Steering Wheel

Musk's vision for Tesla rests on the fully driverless Cybercab, but regulations could stand in the way.

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BMW Expects Tariffs, Costs to Drag Earnings Lower

Like most European automakers, BMW faces intense competition and a downturn in luxury spending in China as tariffs add to industry costs.

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Zalando Shares Jump After Share Buyback, Levi's Deal

The German e-commerce company said it would buy back shares of up to $347 million, adding that its Scayle software unit expanded in the U.S. and secured a partnership with Levi Strauss.

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Leonardo Targets Higher Revenue, Earnings as Defense Order Boom Continues

Orders this year are expected to rise to about 25 billion euros from 23.8 billion euros reached last year, and it targets 32 billion euros in orders by the end of the decade.

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Li Auto Profit Slides as Sales, Margins Deteriorate

The Chinese plug-in hybrid specialist is grappling with flagging sales while it tries to make headway in the highly competitive full-electric market.

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Papa John's Draws Fresh Takeover Interest From Qatari-Backed Fund

Irth Capital has submitted a bid to take the pizza-chain private.

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Tilman Fertitta in Talks to Buy Caesars for $7 Billion After Topping Bid From Icahn

The billionaire's Fertitta Entertainment has been discussing paying around $34 a share.

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Costco Sued by Customer Over Tariff Refund

A potential class-action lawsuit seeks to force the retailer to pass along any refund it gets from the U.S. government to customers.

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Uber, Nissan, Wayve Team Up to Offer Robotaxi Services in Tokyo

Uber Technologies, Nissan Motor and U.K. self-driving car startup Wayve have joined forces to offer robotaxi services, with a pilot program in Tokyo planned for late 2026.

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Atlassian to Cut About 10% of Workforce, Cites Need to Adapt to AI

The company said the cuts will allow it to invest further in AI and enterprise sales, as well as accelerate its path toward sustained profitability.

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UiPath Guides for Slower Full-Year Revenue Growth

UiPath reported top- and bottom-line gains in the fiscal fourth quarter, but its stock declined after the company guided for a slowdown in full-year revenue growth.

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Amazon's Win Against Perplexity Kicks AI Shopping Wars Into High Gear

A judge ruled that Amazon can keep outside AI bots off its site for now, but retailers are preparing for a new normal in shopping.

 

(END) Dow Jones Newswires

March 12, 2026 07:00 ET (11:00 GMT)

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