Showing 1 to 12 of 22 results
Global Automakers' Profits Halved Amidst E-Car Slump and Market Challenges
A new study reveals that the operating profit of the world's 19 largest automakers plummeted by 49.2 percent in the first half of 2024, reaching €42.8 billion compared to €84.3 billion in the same period last year, while revenue remained stagnant, due to weak e-car sales, price wars, and high transf...
Global Automakers' Profits Halved Amidst E-Car Slump and Market Challenges
A new study reveals that the operating profit of the world's 19 largest automakers plummeted by 49.2 percent in the first half of 2024, reaching €42.8 billion compared to €84.3 billion in the same period last year, while revenue remained stagnant, due to weak e-car sales, price wars, and high transf...
Progress
52% Bias Score
BMW Outperforms Competitors Amidst Tariff Headwinds
BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...
BMW Outperforms Competitors Amidst Tariff Headwinds
BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...
Progress
48% Bias Score
Audi Profit Plunges 37.5 Percent Amid Tariffs and Restructuring"
US tariffs, restructuring costs, and weak Chinese sales caused Audi's first-half profit to plummet by 37.5 percent to €1.3 billion, prompting a lowered full-year forecast and highlighting the urgent need for transformation.
Audi Profit Plunges 37.5 Percent Amid Tariffs and Restructuring"
US tariffs, restructuring costs, and weak Chinese sales caused Audi's first-half profit to plummet by 37.5 percent to €1.3 billion, prompting a lowered full-year forecast and highlighting the urgent need for transformation.
Progress
40% Bias Score
Porsche Q1 2025 Profit Plunges 40.6% Amidst China Market Collapse and US Tariff Impacts
Porsche's first-quarter 2025 operating profit plunged 40.6 percent to €0.76 billion due to a sharp decline in the Chinese market, increased costs from trade conflicts and supply chain issues, and the impact of US tariffs; the company is cutting 1900 jobs in the Stuttgart region.
Porsche Q1 2025 Profit Plunges 40.6% Amidst China Market Collapse and US Tariff Impacts
Porsche's first-quarter 2025 operating profit plunged 40.6 percent to €0.76 billion due to a sharp decline in the Chinese market, increased costs from trade conflicts and supply chain issues, and the impact of US tariffs; the company is cutting 1900 jobs in the Stuttgart region.
Progress
52% Bias Score
Audi's Weak Q1 2024 Results: Low Margins, Job Cuts, and China Challenges
Audi reported weak first-quarter 2024 results, marked by low margins, a low three-digit million-euro CO2 provision, and declining sales in China due to intense price competition; the company plans to cut 7,500 jobs by 2029.
Audi's Weak Q1 2024 Results: Low Margins, Job Cuts, and China Challenges
Audi reported weak first-quarter 2024 results, marked by low margins, a low three-digit million-euro CO2 provision, and declining sales in China due to intense price competition; the company plans to cut 7,500 jobs by 2029.
Progress
40% Bias Score
Mercedes-Benz Unveils Electric CLA, Plans 25 New Models Amidst Market Shifts
Mercedes-Benz unveiled its new electric CLA sedan, aiming to compete with Tesla and other brands. The company plans to release 25 new models in two years, with half being electric, to adapt to evolving market demands despite facing challenges in China and the US due to competition and tariffs.
Mercedes-Benz Unveils Electric CLA, Plans 25 New Models Amidst Market Shifts
Mercedes-Benz unveiled its new electric CLA sedan, aiming to compete with Tesla and other brands. The company plans to release 25 new models in two years, with half being electric, to adapt to evolving market demands despite facing challenges in China and the US due to competition and tariffs.
Progress
40% Bias Score
European Luxury Sector Slumps 12.5% Amidst Economic Headwinds
Weakening consumer demand in China, coupled with a strong euro and new tariffs, caused a 12.5% year-to-date decline in the European luxury sector in 2024, impacting brands like LVMH, Kering, and Hermès, despite some firms maintaining growth.
European Luxury Sector Slumps 12.5% Amidst Economic Headwinds
Weakening consumer demand in China, coupled with a strong euro and new tariffs, caused a 12.5% year-to-date decline in the European luxury sector in 2024, impacting brands like LVMH, Kering, and Hermès, despite some firms maintaining growth.
Progress
56% Bias Score
Porsche Announces \$1.3 Billion Restructuring Amidst Market Challenges
Porsche announced a \$1.3 billion restructuring for 2025 to address decreased Chinese demand, US tariffs, and slower-than-expected electric vehicle transition, resulting in a significant drop in operating profit in the first half of the year.
Porsche Announces \$1.3 Billion Restructuring Amidst Market Challenges
Porsche announced a \$1.3 billion restructuring for 2025 to address decreased Chinese demand, US tariffs, and slower-than-expected electric vehicle transition, resulting in a significant drop in operating profit in the first half of the year.
Progress
56% Bias Score
Porsche Q2 Profit Plunges 91% Amidst Market Challenges
Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.
Porsche Q2 Profit Plunges 91% Amidst Market Challenges
Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.
Progress
52% Bias Score
US-China Trade Truce: European Firms Urge Predictability Amidst Uncertainty
Following a US-China agreement to de-escalate trade tensions, European companies in China are urging both sides to resolve differences constructively, citing uncertainty due to temporary tariff suspensions and the impact of past erratic tariff policies, while noting some European firms gained market...
US-China Trade Truce: European Firms Urge Predictability Amidst Uncertainty
Following a US-China agreement to de-escalate trade tensions, European companies in China are urging both sides to resolve differences constructively, citing uncertainty due to temporary tariff suspensions and the impact of past erratic tariff policies, while noting some European firms gained market...
Progress
32% Bias Score
Volkswagen Q1 Profit Plunges 41% Amidst Special Charges and Market Headwinds
Volkswagen's first-quarter 2025 profit fell nearly 41 percent to €2.19 billion due to special charges (€1.1 billion), lower China earnings, and reduced electric vehicle profitability, despite a 3 percent revenue increase to €77.6 billion and increased EV market share.
Volkswagen Q1 Profit Plunges 41% Amidst Special Charges and Market Headwinds
Volkswagen's first-quarter 2025 profit fell nearly 41 percent to €2.19 billion due to special charges (€1.1 billion), lower China earnings, and reduced electric vehicle profitability, despite a 3 percent revenue increase to €77.6 billion and increased EV market share.
Progress
40% Bias Score
German Auto Industry Faces Mass Job Cuts Amidst Sales Slump
The German automotive industry is undergoing a severe downturn in 2025, marked by falling sales (especially in China), substantial job cuts at major companies like Audi and Siemens, and plant closures. The crisis affects not only automakers but also suppliers, leading to a wider economic impact on G...
German Auto Industry Faces Mass Job Cuts Amidst Sales Slump
The German automotive industry is undergoing a severe downturn in 2025, marked by falling sales (especially in China), substantial job cuts at major companies like Audi and Siemens, and plant closures. The crisis affects not only automakers but also suppliers, leading to a wider economic impact on G...
Progress
48% Bias Score
Showing 1 to 12 of 22 results