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Mercedes-Benz trims profit margin forecast on tariff hit

Mercedes-Benz has today trimmed its annual car sales and profit margin forecasts, flagging a nearly $420m impact from US tariffs in the second quarter as US President Donald Trump prepared to hike import levies on EU-made cars.
Business • 30 Jul

Stellantis to shut Vauxhall van plant in Luton

Stellantis plans to shut its Vauxhall van factory in England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment.
Business • 27 Nov 24

European automakers fall as Trump pledges tariffs

European car makers shares fell today, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war.
Business • 26 Nov 24

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