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Volvo Cars sales plunge 12% in May as tariff challenges continue
Volvo Cars experienced a notable decline in May sales, reflecting ongoing tariff pressures and increased production expenses that have led many European automakers to reduce costs...
Read Full Article →EU trade chief to meet US counterpart in Paris amid increased tariff tensions
The meeting between the EU and US trade officials in Paris aims to address ongoing tariff disputes, which could impact international trade flows and economic relations between the...
Read Full Article →Volkswagen in direct talks with US government regarding tariff deal
Major German automotive manufacturers are engaging in negotiations with US officials to address import duties, which could potentially influence trade costs and market access for t...
Read Full Article →Stellantis names Antonio Filosa as new CEO while tariff fears rumble on
The appointment of Antonio Filosa as the new CEO comes at a critical time when the company faces financial pressure due to declining sales and ongoing concerns about potential trad...
Read Full Article →EU tariff offer still on the table, says EU Commission
The continuation of the EU’s tariff proposal could impact trade flows and economic relations between the EU and the US, potentially influencing market stability and investment deci...
Read Full Article →Guinness maker Diageo braces for a €133 million US tariff hit
Diageo faces a substantial financial impact from new US tariffs while implementing a comprehensive cost-cutting strategy aimed at improving overall profitability and mitigating eco...
Read Full Article →Ferrari starts year with racing profit but warns of tariff impact
Ferrari experienced increased earnings in early 2025 due to high demand for customized models, although it cautioned that upcoming tariffs could affect future financial performance...
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