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Business

Ford expects a €1.39bn hit from Donald Trump’s tariffs in 2025

The US-based company is one of the least affected carmakers hit by US trade tariffs, yet it pulled back its entire forecast for the year, citing uncertainty and potential supply chain disruptions.

Business

Audi records strong performance boosted by electric vehicle sales

Although Audi experienced higher electric vehicle demand in the first quarter, a weaker market outlook and volatile geopolitical environment continues to weigh on the company.

Business

Volkswagen Group sees plunge in performance as US tariffs pose risks

Volkswagen Group, along with the wider global car industry, is significantly vulnerable to changing US tariffs, mainly because of how globalised auto supply chains currently are.

Business

Mercedes-Benz stock dips after pulling profit guidance on tariff fears

The carmaker said that the impact of US trade policies remains difficult to quantify — although warned of a hit to its margins.

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Business

Volvo Cars to slash costs worth billions following weaker performance

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging first quarter performance.

Economy

Trump considers pausing auto tariffs as world economy endures whiplash

President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

Business

Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn

The deal will create the third largest motor and home insurer in the UK.

Business

Porsche reports significant plunge in European and Chinese deliveries

Although North American deliveries soared 37% in the first three months of the year, they were not enough to offset Porsche’s steep falls in other key markets.

Economy

How is the European auto industry responding to Trump’s tariffs?

Euronews spoke with Benjamin Krieger from the car industry group CLEPA, who shed light on the potential impact of Trump’s auto parts tariffs on the global car industry.

Business

Porsche shares fall as company warns of lower sales

Porsche has also announced that it will be cutting almost 4,000 jobs as part of a wider reorganising effort, as the company attempts to become more efficient in the medium and long term.

Business

How Germany's car industry is bracing for Donald Trump's tariffs

Europe’s biggest, export-oriented economy is exposed to Trump’s tariffs, with German automakers in Mexico likely to see knock-on effects of a potential trade war.

Business

The EU’s plan to save the ailing European car industry

In a new action plan to boost Europe's car industry, the European Commission pledged to support EV battery manufacturing, one of five flagship initiatives. Brussels also gave more flexibility for meeting this year’s CO₂ targets.

Radio Schuman

Don't roll back electric in auto action plan, warns lobby

Kristian Ruby, secretary-general of Eurelectric, acknowledged that while the electricity sector benefits from the EU’s electric agenda, it remains open to discussions with major car industry players. However, he emphasised the importance of avoiding any rollback of the agenda.

Business

Chinese EV maker BYD announces share sale, floats Tesla collaboration

The electric vehicle maker has launched Hong Kong’s biggest listing in four years as it seeks cash for overseas expansion.

Economy

Global car stocks weaken as Trump threatens tariffs against the EU

Trump's latest EU tariff threats have significantly contributed to escalating global trade tensions, as the US president also plans to levy tariffs on key trading partners such as Canada and Mexico.

Business

Stellantis sees plunging performance amid weaker sales across board

Stellantis’ disappointing performance comes as the wider global car market continues to face a number of challenges, particularly escalating tariff threats.

Business

Automaker Stellantis recalls 68,000 units in France due to fire risk

Stellantis has had to issue several recalls lately linked to a number of manufacturing issues, including fire risks.

Economy

EU battery electric vehicle sales jump in January driven by Germany

Hybrid-electric vehicle registrations also increased in the EU in January, mainly because of robust French performance. However, plug-in hybrid electric vehicle registrations lagged behind.

Radio Schuman

Can European carmakers go green without going bust?

Later today, EU Climate Commissioner Wopke Hoekstra will host a second meeting on the crisis in Europe’s car industry, driven in part by strict new limits on carbon emissions for new cars.

Europe News

EU initiates 'strategic dialogue' with troubled European car industry

EU car industry faces high energy costs, EV transition, job losses, and US tariff threats. European Commission seeks solutions to boost innovation amid fierce competition from cheaper Asian manufacturers.