Victoria Waldersee

Saturday 15 Mar 2025

14 Mar 2025, 08:00 am

BMW expects €1b hit to earnings as tariff war escalatesBMW expects trade tariffs to cost the carmaker €1 billion (US$1.09 billion or RM4.8 billion) this year, its CEO said on Friday, factoring in EU duties on its China-made EV and newly imposed US tariffs which are upending global trade.

By Victoria Waldersee / Reuters

14 Mar 2025, 08:00 am

Trade War

13 Mar 2025, 08:00 am

VW readies back-up plans, BMW ready to absorb extra costs as US tariffs loomVolkswagen is working on back-up plans for how its passenger car brand could tackle US tariffs on imports from Mexico, while BMW is preparing to absorb the cost, as the auto industry reels from US President Donald Trump's chaotic trade policy.

By Victoria Waldersee / Reuters

13 Mar 2025, 08:00 am

Porsche's earnings per share slashed by a third in 2024Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in earnings per share, according to Reuters calculations, as the luxury carmaker battles high costs and weak demand in China.

By Victoria Waldersee & Ilona Wissenbach / Reuters

13 Mar 2025, 08:00 am

11 Mar 2025, 08:00 am

Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reportsVolkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt business daily reported on Tuesday, citing company sources.

By Victoria Waldersee & Rachel More / Reuters

11 Mar 2025, 08:00 am

Volkswagen sees flat profit margin this year as costs weighVolkswagen, Europe's top carmaker, expects at best a slight increase in its 2025 operating profit margin, it said, joining rivals in giving a subdued outlook for the year ahead as the sector battles weak demand and simmering trade tensions.

By Victoria Waldersee / Reuters

11 Mar 2025, 08:00 am

Economic Focus

05 Mar 2025, 08:00 am

Mercedes-Benz to cut headcount, lower pay increases amid cost-cutting driveMercedes-Benz has won agreement from its works council to offer buy-outs to staff and reduced planned salary increases by half, it said on Tuesday, part of a wider cost-cutting drive as the carmaker battles to revive earnings.

By Ludwig Burger & Victoria Waldersee / Reuters

05 Mar 2025, 08:00 am

21 Feb 2025, 08:00 am

Big German carmakers try to shield themselves against Trump tariffsVolkswagen's Audi will expand output in North America and Mercedes will boost its US production as Europe's carmakers try to protect themselves against US President Donald Trump's tariff threats.

By Victoria Waldersee / Reuters

21 Feb 2025, 08:00 am

02 Feb 2025, 08:00 am

Volkswagen counts on talks to avoid trade conflict after Trump tariffsBERLIN (Feb 2): Volkswagen is counting on talks to avoid trade conflict, Europe's biggest carmaker said on Sunday, after US President Donald Trump ordered tariffs on goods from Mexico, Canada and China.

By Andrey Sychev & Victoria Waldersee / Reuters

02 Feb 2025, 08:00 am

Global Economy

16 Jan 2025, 08:00 am

Chinese buyers interested in unwanted German Volkswagen factories — Reuters Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites, a person with knowledge of Chinese government thinking told Reuters.

By John O'Donnell & Victoria Waldersee / Reuters

16 Jan 2025, 08:00 am

Volkswagen CFO: After cost-cutting deal, productivity must go upVolkswagen's chief financial officer (CFO) said in comments to investors seen by Reuters on Wednesday that the next step to making its German plants competitive was to improve productivity, increasing the number of cars produced per worker.

By Victoria Waldersee / Reuters

16 Jan 2025, 08:00 am

Rescue mission for Sapura Energy

Intel’s Malaysian-born CEO gets pay package valued at about US$69m

Trade wars, tariffs and sanctions weaponised in broader struggle for dominance, says Anwar

Apple’s Siri chief calls AI delays ugly and embarrassing, promises fixes

Stocks rebound after S&P 500 correction; safe-haven gold touches record

US has designated South Korea a 'sensitive' country amid nuclear concerns

OpenAI and Musk agree to fast-track trial over for-profit shift

After The Storm: Trump could Trigger a Eurozone Debt Crisis

RM1.03m lost to online scams in Melaka year-to-date — exco

Home Ministry to extend migrant repatriation initiative

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