We knew the global auto industry was struggling, but is it this bad? Hyundai Motor Co. announced an almost 67 percent drop in net income, saying one-time recall costs to address quality issues were chiefly to blame. There’s a deeper problem, though. Nobody was prepared for the result, and investors fled, pushing the stock down as much as 10.7 percent. ...

If you haven’t started raising interest rates in earnest already, forget it. Central banks that have dawdled have missed the cycle. Growth seems to have peaked, and markets are signaling potential trouble. For those outside the US who tightened consistently, this is a prudent time to look around and reassess. Nations that could reasonably have been expected to raise borrowing ...

Investors are throwing billions of dollars at connected cars. The technological advances that enable vehicles to be linked into wireless networks promise greater efficiency and, in theory, safety. They also open the possibility of being watched and monitored more closely — and that may be a problem for China’s self-proclaimed rival to Tesla Inc. Nio Inc., the electric-vehicle maker that ...