Mercedes-Benz faces legal heat over Dieselgate as UK trial kicks off, amid industry struggles from China competition and EV race setbacks.
Spotify will transition founder Daniel Ek to an executive chairman role in January 2026, with co-presidents Gustav Söderström and Alex Norström becoming co-CEOs. Ek emphasizes growth in emerging markets and AI technology. The move formalizes existing leadership roles and reflects ongoing strategic shifts.
Chinese car dealerships are suffering a severe downturn, with a 10% sales decline in the first half of 2025 and widespread losses. The shift to electric vehicles and aggressive price cuts have undermined traditional dealership profitability, prompting government intervention and industry consolidation.