A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a…
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant. Picture Alliance | Picture Alliance | Getty Images Auto giants have responded to U.S. President Donald Trump’s tariffs by announcing plans to raise prices, impose import fees, pause production and even layoff staff. As part of plans designed to…
Roberto Cingolani, CEO of Leonardo. Bloomberg | Bloomberg | Getty Images ROME, Italy – European defense giant Leonardo hopes to present a satellite alliance with Airbus and Thales within months, the company’s CEO told CNBC, as the continent looks for alternatives to Elon Musk’s Starlink. Following months of talks, Leonardo’s Roberto Cingolani told CNBC: “At…
WASHINGTON, DC – MARCH 31: Federal Communications Commissioner Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America: Oversight of the FCC, on Capitol Hill on Thursday, March 31, 2022 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post…
Various Mercedes-Benz vehicles are assembled in the “Factory 56” production hall. Picture Alliance | Picture Alliance | Getty Images Car manufacturers have a number of ways to mitigate the impact of the European Union’s stricter emissions targets, although analysts say all options are likely to come at a significant cost. The prospect of steep fines for failing…
