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100% of Jaguar Land Rover cars sold in the US are imported

Car makers & countries most vulnerable to US tariff hikes

US President Donald Trump has followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the US would kick in next week.

Business • 27 Mar

Almost half of the 16 million cars sold in the US last year were imported, with a total value exceeding $330 billion

Car industry stocks sink on 25% tariff on US imports

Car maker stocks around the world slumped today after US President Donald Trump said that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the US.

Business • 27 Mar

Mercedes-Benz's car division reported a 40% slump in 2024 earnings

Mercedes-Benz moves to cut costs as earnings slump

Mercedes-Benz has today launched a fresh cost-cutting plan to revive sales and margins and battle stiff competition as the German carmaker forecast a big drop in earnings in 2025.

Business • 20 Feb

Renault was one of the few companies in the sector to maintain its targets for last year

Renault beats its profit forecast for 2024

French car maker Renault has today reported a record operating profit for 2024, beating expectations, as lower costs and a string of new launches boosted margins.

Business • 20 Feb

Ford said the 4,000 job cuts would be primarily in Germany and the UK

Ford to cut 14% of European jobs

Ford said today it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

Business • 20 Nov 24

Continental's shares rose this morning after third quarter core profit, at €873m, beat consensus by about 11%

Continental auto supplier cuts sales guidance

German automotive and industrial supplier Continental has cut its annual sales guidance for the second time this year, citing weak industrial demand in Europe and North America, but it beat third quarter profit expectations.

Business • 11 Nov 24

BMW said today it was on track to meet its adjusted full-year financial outlook

BMW profit dives by 61% and misses expectations

BMW has today reported a 61% drop in its third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook.

Business • 06 Nov 24

Ferrari said its shipments declined 2% to 3,383 units in the third quarter, with a 29% decrease in China

Ferrari's core profit rises 7%, helped by product mix

A richer model lineup and increased demand for personalisation continued to support growth at Ferrari, which today reported a 7% core earnings increase in the third quarter, despite a slight drop in car shipments.

Business • 05 Nov 24

Stellantis CEO Carlos Tavares at the Paris car show earlier this year

Stellantis revenues slide as it cuts bloated inventories

Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the car maker said today as it seeks to fix bloated inventories and poor commercial performance that led to a major profit warning last month.

Business • 31 Oct 24

German premium car maker Mercedes-Benz said its third-quarter earnings in the core car division plunged by 64%

Mercedes car earnings plunge as China shuns luxury

German premium automaker Mercedes-Benz said today its third-quarter earnings in the core car division plunged by 64%, massively missing analysts' estimates, as Chinese consumers continued to cut back on luxury goods in a weakening economy.

Business • 25 Oct 24

Renault said its Q3 revenues came in at €10.7 billion, up 1.8% from a year earlier

Renault beats Q3 forecasts as new launches lift sales

French carmaker Renault has today reported an unexpected rise in quarterly revenues, as strong demand for its pricier new models helped it offset lower total volumes.

Business • 24 Oct 24

Global carmakers raided by EU, UK also announces probe

EU competition regulators yesterday raided several automotive companies and associations in several countries on suspicion of breaching the bloc's cartel rules, while Britain's competition authority also launched a probe.

Business • 16 Mar 22

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