BMW expects 1 billion euro hit to earnings from escalating tariffs
BMW said newly imposed trade tariffs could dent the carmaker's earnings by 1 billion euros ($1.09 billion) this year, as escalating trade tensions between China
BMW said newly imposed trade tariffs could dent the carmaker's earnings by 1 billion euros ($1.09 billion) this year, as escalating trade tensions between China
Volkswagen is working on back-up plans for how its passenger car brand could tackle U.S. tariffs on imports from Mexico, while BMW is preparing to absorb the
Volkswagen is working on back-up plans for how its passenger car brand could tackle U.S. tariffs on imports from Mexico, while BMW is preparing to absorb the
Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in earnings per share, according to Reuters calculations, as the
Volkswagen, Europe's top carmaker, forecast another challenging year of ramping up EV sales, cutting costs, and navigating trade tensions as it
If Germany is to quickly revive its flagging industrial economy, businesses say the country's new leadership must make drastic reductions to bureaucracy
Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the 25% tariffs U.S.
European companies, from Swiss chocolatiers to German car parts makers, are preparing their "plan Bs" to adapt to
German automotive parts supplier Continental expects a weak year for the market in 2025, and has yet to assess the potential impact of new U.S
Volkswagen's Audi will expand output in North America and Mercedes will boost its U.S. production as Europe's carmakers try to protect themselves against U.S.
BMW does not see the need to negotiate a special deal with the United States to avoid import tariffs, its chief purchasing officer said, pointing to
Mercedes-Benz on Thursday announced further cost-cutting and more petrol and diesel cars than EVs in its new product range, in a bid to revive margins as the
Volkswagen's SEAT, the Spanish subsidiary of Europe's largest carmaker, will be forced to cut output and lay off around 1,500 workers if the EU does not lower
Porsche AG's shares fell 7% on Friday, the biggest drop among European firms and its worst day since listing on the stock market, after the carmaker warned
Donald Trump is keeping some of the world’s biggest automakers guessing whether the U.S. president will follow through on threats to slap
Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve
For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation
Volkswagen on Tuesday warned against the "harmful economic impact" of tariffs that U.S.
Tesla workers at the carmaker's Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and
After years of accelerating growth, Europe's electric car sales appear to be entering a go-slow zone as drivers wait for better, cheaper
Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of years, a World Economic Forum (WEF) survey
Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of
China needs to be involved in talks to end the war with Russia, Ukraine's top representative said after a high-level diplomatic meeting ahead of
A number of European states, "concerned" Arab countries and the United States are working on a concept for a unified Palestinian government that
Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that
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