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Trump to slash US tariffs on China 'substantially'

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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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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BPP orders full compliance with “Nigeria First” procurement policy

CBN warns public against fake contracts, grants, intervention fund

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Benue State University denies alleged N2bn misappropriation

Tag: Porsche

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

Porsche to cut 1,900 more jobs in workforce reduction

BPP orders full compliance with “Nigeria First” procurement.

CBN warns public against fake contracts, grants, intervention.

EFCC to grill Tompolo over naira abuse at.

Benue State University denies alleged N2bn misappropriation

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