Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Audi AG, a German automotive manufacturer of luxury vehicles based in Ingolstadt, Bavaria, is said to be in talks with Chinese state-owned automobile manufacturer SAIC Motor Corp. Ltd. They are said to be discussing the potential buyout of the latter’s electric vehicle platform.
According to Reuters, the move was triggered by the decline in sales of Audi's electric vehicle model units. The fall was sharp, and it now lags so far behind the main players in the EV game, such as Tesla. The brand also loses out against local competitors in China, such as Nio.
Audi is a premium car brand operating under Volkswagen AG, and it is now looking to buy SAIC Motor’s EV unit called the IM Motors. While there is not much available information about this deal, some sources revealed that the talks are already in the advanced stage. Then again, the Chinese automaker reportedly declined to comment on this matter.
IM Motors is a maker of premium EVs, and it started delivering its very first model in June of last year. It introduced the L7 sedan while under the control of SAIC Motor and other investors, including the Alibaba Group.
It was added that even if Audi acquires IM Motors from SAIC Motor, it will still be involved in producing its flagship L7 sedan models. The Chinese media has been reporting about the deal between the companies since Tuesday this week, but there is no official confirmation from them yet.
Finally, Car Scoops reported that as Audi seems to struggle in the market, it will try to take over IM Motors via a purchase deal with SAIC Motor Corp. The details of this agreement are still unclear at the moment, so there is no available detail about the deal’s price and terms.
Photo by: Wassim Chouak/Unsplash
