Tianjin, a key port in northern China, reported 18 domestically transmitted cases with confirmed symptoms for Monday, National Health Commission (NHC) data showed on Tuesday. NHC official He Qinghua said on Saturday the risk of the Tianjin outbreak spreading to other areas was gradually declining, as new cases in the past three days were mainly in people who had been quarantined. The China unit of U.S. planemaker Boeing said on Tuesday that a small number of employees has been impacted by various "community-level lockdowns" during the Tianjin outbreak.
Volkswagen could end up owning a minority stake in its battery division, which could be listed in an initial public offering at some point, the carmaker's board member in charge of the business told a newspaper. Schmall oversees Volkswagen's plan to build six large battery cell plants across Europe by 2030, a key part of the carmaker's efforts to overtake Tesla as the world's top seller of electric vehicles.
Yahoo Finance Live’s Brian Sozzi discusses the top concerns and challenges for American automaker Ford moving forward.