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PORSCHE GUIDANCE CUT
Porsche mulls cutting electric sports cars to rein in budgetPorsche AG may halt its electric sports car plans. Development delays and rising expenses are key concerns.- BMW, the anti-Tesla, is playing the long game on EVsBMW is set to unveil its electric iX3 SUV, showcasing the 'Neue Klasse' technology aimed at competing with rivals like BYD and Tesla. This ...
- Mercedes-Benz trims profit margin forecast due to $420 million US tariff impactMercedes-Benz has lowered its annual sales and profit expectations. This is due to the impact of US tariffs. The company anticipates a prof...
- Trump's tariff tally: $34 billion and counting, global companies sayDonald Trump's trade policies impacted businesses. Companies faced over $34 billion in losses. Sales declined and costs increased. Many fir...
- GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaosGlobal firms are reeling from the impact of trade tensions, with approximately 40 companies withdrawing or reducing their financial outlook...
- US auto tariff relief brings temporary respite for OEMs, but uncertainty looms: Jay KaleAuto tariff relief in the US offers a temporary respite for OEMs, but inflationary pressures persist across sectors. Uncertainty looms, pot...
- Teachers, Superstars: India’s top test-prep educators teach millions & earn big with technologyIndia's new-age test prep educators have become mini-celebrities among students, leveraging technology to reach a massive audience. These e...
- Explainer: What's behind Volkswagen's USD 5 billion EV software bet on Rivian?The tie-up is the latest in a string of deals by Volkswagen Chief Executive Oliver Blume, who took over in September 2022 after the ousting...
- European shares rise as US-EU trade breakthrough spurs carmakersThe pan-European STOXX 600 was up 0.4 per cent by 0720 GMT.
- Porsche cashes in on turnaround with consultancy businessPorsche Consulting's team of over 360 can draw on the carmaker's experience of recovering from the brink of insolvency two decades ago.
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