Mercedes-Benz Group AG
‘Europe’s Detroit’ is expected to suffer the most from Trump’s auto tariffs
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s tariffs on auto imports is expected to hit hard for car brands and countries around the world, with economists warning a small landlocked nation in […]
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European markets fall 1% as traders await Trump tariffs; Auto stocks sell off
European markets opened sharply lower on Monday as global investors braced for U.S. President Donald Trump’s trade tariffs to come into force. The regional Stoxx 600 index was 1% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Germany’s DAX index led losses, shedding 1.2% during early trade. […]
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Germany slams Trump’s 25% auto tariffs as bad news for U.S., EU and global trade
A Volkswagen (VW) Passat R car (L) and a Golf GTI car are pictured in the tower storage facility of German carmaker Volkswagen at the company’s headquarters in Wolfsburg, central Germany, on March 11, 2025. Ronny Hartmann | Afp | Getty Images Germany’s economy minister and auto industry lambasted U.S. President Donald Trump’s plans to […]
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European auto shares fall after fresh Trump tariffs; Jeep-maker Stellantis down 5.2%: Live updates
H&M posts weaker-than-expected first-quarter sales in slow start to the year H&M on Thursday posted weaker than expected first-quarter sales in a slow start to the year for the world’s second-largest clothing retailer. Sales at the Swedish fashion giant rose 2% in local currencies to 55.33 billion Swedish krona ($5.5 billion) in the three-month period, slightly […]
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Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, […]
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Auto giants scramble to suffer the least as Trump ramps up tariff threats
U.S. President Donald Trump ‘s escalating threats to impose tariffs on neighboring countries , on the European Union and on car manufacturers have hit the automotive industry hard. Shares of some of Europe’s biggest automakers traded lower on Friday, extending sharp losses from the previous session after Trump floated the possibility of a 25% tariff […]
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Mercedes-Benz cuts costs, renews focus on combustion engine models in bid to revive earnings
Various Mercedes-Benz vehicles are assembled in the “Factory 56” production hall. Picture Alliance | Picture Alliance | Getty Images 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 company braces for a sharp drop in earnings in 2025. […]
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Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]
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Trump’s reciprocal tariffs would hit these European Union products that Americans buy the hardest
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of […]
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Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows
Volkswagen logo is fixed by an employee on a production line for the Golf VIII and Tiguan cars at the VW headquarters in Wolfsburg, Germany May 23, 2024. Fabian Bimmer | Reuters Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s […]
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