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Today: March 16, 2025
Today: March 16, 2025
Victoria Waldersee

Victoria Waldersee

Staff Writer

Latest From Victoria Waldersee

Business|Economy|Europe|Finance

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 expects 1 billion euro hit to earnings from escalating tariffs
Business|Economy|Europe

VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom

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

VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom
Business|Economy|Europe|US

VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom

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

VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loom
Business|Economy|Europe|Stock Markets

Porsche's earnings per share slashed by a third in 2024, keeps dividend stable

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

Business|Economy|Europe|Finance

Volkswagen sees flat margin as cost cuts, trade tensions weigh

Volkswagen, Europe's top carmaker, forecast another challenging year of ramping up EV sales, cutting costs, and navigating trade tensions as it

Volkswagen sees flat margin as cost cuts, trade tensions weigh
Business|Economy|Europe|Political

Forms, inspections, reports: German businesses beg for bureaucracy relief

If Germany is to quickly revive its flagging industrial economy, businesses say the country's new leadership must make drastic reductions to bureaucracy

Forms, inspections, reports: German businesses beg for bureaucracy relief
Americas|Business|Economy|Political|US

VW may avoid 25% Trump tariff, but BMW and others face trade levy

Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the 25% tariffs U.S.

VW may avoid 25% Trump tariff, but BMW and others face trade levy
Business|Economy|Europe|Food|Political|US

Europe Inc take evasive action as Trump tariffs hit, braces for second wave

European companies, from Swiss chocolatiers to German car parts makers, are preparing their "plan Bs" to adapt to

Europe Inc take evasive action as Trump tariffs hit, braces for second wave
Business|Economy|Europe|Finance|Stock Markets|US

Continental shares tumble on bleak 2025 autos outlook

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

Continental shares tumble on bleak 2025 autos outlook
Americas|Business|Economy|Europe|US

Big German carmakers try to shield themselves against Trump tariffs

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.

Big German carmakers try to shield themselves against Trump tariffs
Business|Economy|Europe|Technology|US

BMW sees no need for special deal to avoid US tariffs, executive says

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

BMW sees no need for special deal to avoid US tariffs, executive says
Business|Economy|Europe

Mercedes-Benz cuts costs, renews focus on combustion engine models in bid to revive earnings

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

Mercedes-Benz cuts costs, renews focus on combustion engine models in bid to revive earnings
Business|Economy|Europe|Political

VW's SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered

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

VW's SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered
Business|Europe|Finance|Stock Markets

Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins

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

Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins
Americas|Business|Economy|Political|US

Trump tariff drama carries high stakes for US automakers, car buyers

Donald Trump is keeping some of the world’s biggest automakers guessing whether the U.S. president will follow through on threats to slap

Trump tariff drama carries high stakes for US automakers, car buyers
Business|Economy|Europe|US

Volkswagen to make additional investments in US, CFO says in Davos

Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve

Volkswagen to make additional investments in US, CFO says in Davos
Business|Economy|Europe

Volkswagen seeks new era in Germany with old methods

For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation

Volkswagen seeks new era in Germany with old methods
Business|Economy|Europe|Political|US

Volkswagen warns against 'harmful' impact of Trump tariffs

Volkswagen on Tuesday warned against the "harmful economic impact" of tariffs that U.S.

Volkswagen warns against 'harmful' impact of Trump tariffs
Business|Health

Tesla workers in Germany join union as health and safety issues grow - union

Tesla workers at the carmaker's Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and

Tesla workers in Germany join union as health and safety issues grow - union
Business|Economy|Europe|Technology

Analysis-Electric car demand set to stall in Europe's 'valley of death'

After years of accelerating growth, Europe's electric car sales appear to be entering a go-slow zone as drivers wait for better, cheaper

Analysis-Electric car demand set to stall in Europe's 'valley of death'
Business|Economy|News|Technology

Davos 2024: Extreme weather and misinformation top global risks

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

Davos 2024: Extreme weather and misinformation top global risks
Business|Europe|Technology

Tesla, Volvo Car pause output as Red Sea shipping crisis deepens

Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of

Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
Europe|News|World

Ukraine says China needed for peace process after Davos meeting

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

Ukraine says China needed for peace process after Davos meeting
Europe|MidEast|News|US|World

Norway, allies work on concept for Palestinian-chosen govt to attract funds

A number of European states, "concerned" Arab countries and the United States are working on a concept for a unified Palestinian government that

Norway, allies work on concept for Palestinian-chosen govt to attract funds
Business|Economy|Finance|Technology

Automakers hope for a cut as two-way EV charging becomes real

Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that

Automakers hope for a cut as two-way EV charging becomes real

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