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Automotive industry

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Image for BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5%
Headlines

BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5%

BERLIN (Reuters) - BMW will propose this week that the European Union lower its tariff on U.S. car i...

28th January, 2025

Image for GM results aren't enough for investors, shares skid 9% on tariff worries
Finance

GM results aren't enough for investors, shares skid 9% on tariff worries

By Kalea Hall DETROIT (Reuters) - General Motors on Tuesday posted fourth-quarter 2024 results and a...

28th January, 2025

Image for Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
Headlines

Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say

By Aditi Shah and Nikunj Ohri NEW DELHI (Reuters) - Some air shipments of car components by Volkswag...

28th January, 2025

Image for VW CEO says talking to Chinese partners about their Europe expansion plans
Finance

VW CEO says talking to Chinese partners about their Europe expansion plans

BERLIN (Reuters) - Volkswagen and its Chinese partners have discussed the possibility of them invest...

28th January, 2025

Image for Mercedes-Benz expects higher margin on car division in fourth quarter, analysts say
Finance

Mercedes-Benz expects higher margin on car division in fourth quarter, analysts say

(Reuters) - Mercedes-Benz told investors on Monday it expected the adjusted margin of its passenger...

27th January, 2025

Image for JLR to invest $80 million to meet demand for custom luxury car colours
Finance

JLR to invest $80 million to meet demand for custom luxury car colours

(Reuters) - Jaguar Land Rover (JLR) will invest 65 million pounds ($80.71 million) to expand its lux...

27th January, 2025

Image for Global companies likely to be affected by Trump's promised tariffs
Finance

Global companies likely to be affected by Trump's promised tariffs

(Reuters) -U.S. President Trump said he could impose 25% tariffs on Canada and Mexico from Feb. 1, s...

25th January, 2025

Image for Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
Finance

Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss

SEOUL (Reuters) -South Korea's Hyundai Motor expected on Thursday its 2025 sales growth would halve...

23rd January, 2025

Image for Stellantis says well positioned to adapt to Trump's policy changes
Finance

Stellantis says well positioned to adapt to Trump's policy changes

MILAN (Reuters) - Stellantis is well positioned to adapt to policy changes announced by Donald Trump...

21st January, 2025

Image for Volkswagen looks forward to working with U.S. gov't amid tariff concerns, spokesperson says
Finance

Volkswagen looks forward to working with U.S. gov't amid tariff concerns, spokesperson says

BERLIN (Reuters) - Volkswagen is looking forward to working with the new U.S. administration, the Ge...

21st January, 2025

Image for European car sales up 0.9% in 2024, Renault overtakes Stellantis in Dec, ACEA says
Finance

European car sales up 0.9% in 2024, Renault overtakes Stellantis in Dec, ACEA says

By Alessandro Parodi (Reuters) - New car sales in Europe were up by 0.9% in 2024, led by double-digi...

21st January, 2025

Image for Factbox-Global companies likely to be affected by Trump's promised tariffs
Finance

Factbox-Global companies likely to be affected by Trump's promised tariffs

(Reuters) - U.S. President Trump said he could impose 25% tariffs on Canada and Mexico from Feb. 1,...

21st January, 2025