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Volkswagen, Canada to invest $15bn in battery gigafactory

Volkswagen posts €1bn loss amid US tariffs, Porsche woes

Volkswagen reported its first quarterly loss in five years on Thursday, topping one billion euros, as the German auto giant struggles with United States tariffs and a troubled electric shift at subsidiary Porsche. The loss in the July-to-September period amounted to 1.07 billion euros ($1.24 billion) and was the first suffered by Europe’s biggest carmaker […]

aadelekepdnlimited-com
30th October 2025
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US considers equity stakes in chipmakers under CHIPS act

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Porsche, Mercedes face $3.7bn hit as Trump imposes 25% tariff

Porsche AG and Mercedes-Benz Group AG are expected to be the hardest hit by President Donald Trump’s new 25% tariff on imported cars, set to take effect on April 3, 2025. The additional duties could cost the automakers around €3.4 billion ($3.7 billion), significantly impacting their projected 2026 earnings, according to Bloomberg. To counter the […]

monwubukepdnlimited-com
27th March 2025
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News

Porsche to cut 1,900 more jobs in workforce reduction

Porsche AG plans to cut 1,900 more jobs over four years, citing the need for deeper reductions beyond its ongoing program. The cuts will affect its main sites in Stuttgart-Zuffenhausen and Weissach, targeting a 15% workforce reduction by 2029, according to Reuters. Porsche, majority owned by Volkswagen AG, confirmed that forced redundancies are not allowed […]

monwubukepdnlimited-com
13th February 2025
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UK sets £40bn target for education exports by

Cashew industry generates over $400m from export –

Nestlé ‘recovers all plastic’ placed on Nigerian market

Tinubu approves commercial oil exploration at Tongeji Island,

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UK sets £40bn target for education exports by 2030

Trump’s WHO exit takes effect after one-year notice period

ICYMI: Tinubu approves ambassadorial postings to France, US, UK

Paediatricians fault 4.3% health allocation in 2026 budget

Tag: Porsche

Volkswagen posts €1bn loss amid US tariffs, Porsche woes

Porsche, Mercedes face $3.7bn hit as Trump imposes 25% tariff

Porsche to cut 1,900 more jobs in workforce reduction

UK sets £40bn target for education exports by.

Trump’s WHO exit takes effect after one-year notice.

ICYMI: Tinubu approves ambassadorial postings to France, US,.

Paediatricians fault 4.3% health allocation in 2026 budget

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