The Los Angeles Post
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Today: March 16, 2025
Today: March 16, 2025
Christoph Steitz

Christoph Steitz

Staff Writer

Latest From Christoph Steitz

Business|Economy|Europe|Political|US

BMW sees earnings hit from US tariffs as EU warns against escalation

German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while

BMW sees earnings hit from US tariffs as EU warns against escalation
Business|Economy|Europe|Finance|Stock Markets

Rheinmetall overtakes Volkswagen's market value as defence rally continues

Rheinmetall, Europe's biggest ammunition maker, has overtaken the continent's top carmaker Volkswagen in terms of market value, in the latest sign of soaring

Rheinmetall overtakes Volkswagen's market value as defence rally continues
Business|Economy|Europe|Political|Technology

Tanks not cars: how a pivot to defence could help Germany's economy

German defence companies seeking more capacity as Europe prepares to raise military spending are eyeing the ailing car industry, the first sign of a shift that

Tanks not cars: how a pivot to defence could help Germany's economy
Business|Economy|Europe|Finance|Stock Markets

Investors scout for 'hidden' defence plays as rally broadens

Investors are looking beyond the traditional defence stocks that have emerged as star performers in the European market for cheaper

Investors scout for 'hidden' defence plays as rally broadens
Business|Economy|Europe

Germany faces year of industrial strife as companies go into battle with workers

Germany faces major labour disputes in 2025, as an established bond between firms and workers -- long seen as a pillar of the

Germany faces year of industrial strife as companies go into battle with workers
Business|Economy|Europe|Finance

Thyssenkrupp raises cash flow outlook on defence division strength

Industrial conglomerate Thyssenkrupp raised its free cash flow outlook on Thursday due to a strong performance at its warship

Thyssenkrupp raises cash flow outlook on defence division strength
Business|Economy|Europe|Technology

Companies warn of more pain as Trump tariff threats escalate

Supermarket group Ahold Delhaize and Siemens Energy said on Wednesday U.S. import tariffs will lead to higher

Companies warn of more pain as Trump tariff threats escalate
Business|Economy|Europe|Political|US

Heidelberg Materials bets on US market under Trump

Heidelberg Materials, the world's second-largest cement maker, wants to do more deals in the U.S. in 2025 and is confident the policies

Heidelberg Materials bets on US market under Trump
Business|Economy|Political|Stock Markets|Technology|US

Siemens Energy forecasts 'massive tailwind' from Trump power drive

Siemens Energy expects a "massive tailwind" from Donald Trump's power strategy after the new U.S. president announced up to $500

Siemens Energy forecasts 'massive tailwind' from Trump power drive
Business|Economy|Europe|Finance

Kretinsky's EPH among those approached to buy Germany's Uniper, sources say

Czech billionaire Daniel Kretinsky is among potential suitors approached by Berlin about buying German state-owned

Kretinsky's EPH among those approached to buy Germany's Uniper, sources say
Economy|Europe|News

Analysis-Budget crisis shakes industry's confidence in Germany

Germany's intensifying budget crisis is hitting Europe's top economy where it hurts most: its reputation as a reliable partner

Analysis-Budget crisis shakes industry's confidence in Germany
Asia|Business|Technology

Analysis-China's growth model pushes Beijing into more trade conflicts

Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making

Analysis-China's growth model pushes Beijing into more trade conflicts
Business|Economy|Finance|Technology

Tesla cuts prices in China, Germany and around globe after US cuts

Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United

Tesla cuts prices in China, Germany and around globe after US cuts
Business|Europe|Finance|Stock Markets

Volkswagen holds keys to Porsche's race against Ferrari

Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to

Volkswagen holds keys to Porsche's race against Ferrari
Business|Finance|Technology

Tesla targeting about 400 voluntary job cuts in Germany

Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's total workforce, it said on

Tesla targeting about 400 voluntary job cuts in Germany
Business|Economy|Europe|Finance|Technology

Mercedes-Benz to stay firm on pricing following Q1 profit drop

Mercedes-Benz on Tuesday vowed to steer clear of entering a discount race, saying it would defend high pricing levels for its luxury cars

Mercedes-Benz to stay firm on pricing following Q1 profit drop
Business|Economy|Europe|Technology

Weak demand, new model ramp up hit Europe's top automakers

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared

Weak demand, new model ramp up hit Europe's top automakers
Business|Europe

Uniper's dormant Russian gas contracts may pose hurdle to listing

Uniper, the biggest corporate victim of Europe's energy crisis, is looking to the courts to solve

Uniper's dormant Russian gas contracts may pose hurdle to listing
Business|Europe

Siemens Energy shakes up troubled wind unit after strong results

Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO,

Siemens Energy shakes up troubled wind unit after strong results
Business|Europe|Finance|Stock Markets

Thyssenkrupp cuts profit forecast as steel demand wanes

German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand

Thyssenkrupp cuts profit forecast as steel demand wanes
Business|Economy|Environment|Europe|Technology

Stellantis CEO: electric vehicle tariffs are a trap

Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of significant consequences for jobs

Stellantis CEO: electric vehicle tariffs are a trap
Business|Europe|Finance

Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky

Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate's steel division to Czech billionaire

Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
Economy|Europe|Technology

European automakers need time, not tariffs, to fend off China competition

Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and

European automakers need time, not tariffs, to fend off China competition
Business|Europe|Finance|Technology

Volkswagen to develop low-cost electric car to tackle Chinese rivals

Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's largest carmaker

Volkswagen to develop low-cost electric car to tackle Chinese rivals
Business|Economy|Finance

Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say

Private equity firm Carlyle and German development bank KfW are in talks to jointly buy most of

Carlyle, KfW join forces in effort to buy Thyssenkrupp warship division, sources say

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