Chief Financial Officer (CFO) of Kone, Ilkka Hara addresses a press conference at the headquarters of the Finnish lift maker in Espoo, Finland on April 29, 2026, after the company announced the acquisition of its German rival TKE in a giant share-and-cash deal valuing TKE at 29.4 billion euros (USD 34.4 billion). The group formed by the merger will be nearly twice the size of the current Kone group, with more than 100,000 employees in over 100 countries and annual revenue of around 20.5 billion euros, the two companies said in a statement. (Photo by Emmi Korhonen / Lehtikuva / AFP via Getty Images) / Finland OUT

This picture shows cars made by MG on a dock before being loaded onto a ship for export at the port in Lianyungang, in China's eastern Jiangsu province on April 29, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

This picture shows cars made by MG on a dock before being loaded onto a ship for export at the port in Lianyungang, in China's eastern Jiangsu province on April 29, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

This picture shows cars made by MG on a dock before being loaded onto a ship for export at the port in Lianyungang, in China's eastern Jiangsu province on April 29, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

CEO of Volvo Cars Hakan Samuelsson gives an interview after the presentation of the company's interim results in Gothenburg, Sweden on April 29, 2026. (Photo by Adam IHSE / TT NEWS AGENCY / AFP via Getty Images) / Sweden OUT

CEO of Volvo Cars Hakan Samuelsson gives an interview after the presentation of the company's interim results in Gothenburg, Sweden on April 29, 2026. (Photo by Adam IHSE / TT NEWS AGENCY / AFP via Getty Images) / Sweden OUT

The sun rises behind a building under construction in Offenbach, western Germany, on April 29, 2026. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

A traffic light for cyclists is pictured in front of a giant logo of German automotive brand Mercedes-Benz is seen atop a Mercedes dealership in Offenbach, western Germany, on April 29, 2026. German premium automaker Mercedes-Benz said on April 29 its first-quarter profit fell by almost a fifth as cutthroat competition in China shakes the world's carmakers. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)