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Gold tops $3,000 for first time on Trump tariff war, stocks rebound
Gold rose above $3,000 for the first time Friday as President Donald Trump's trade wars boosted demand for safe-haven assets, while stock markets bounced on signs US lawmakers would avert a government shutdown. - Times of uncertainty - Gold, a haven in times of uncertainty, rose to as much as $3,004 an ounce before falling back to just under $3,000.
BMW expects 1 billion euro hit to earnings as tariff war escalates
BMW anticipates trade tariffs will cost the company 1 billion euros in 2024, impacting its earnings margin. Tariffs, including 25% on steel and aluminium, and import tariffs on BMW vehicles to the U.S., are affecting global trade. Net profit fell by over a third due to weak sales in China and Germany. Investors were disappointed by the lower-than-expected margin forecast.
European shares set for weekly loss on heightened trade tensions
European shares remained steady on Friday but were set for a weekly decline due to escalating trade tensions and concerns over economic slowdown. BMW's profit drop and tariffs announced by President Trump impacted investor sentiment, with significant declines in auto stocks and Universal Music Group.
Tesla warns it could face retaliatory tariffs
Tesla has expressed concerns over potential retaliatory tariffs that could result from President Trump's aggressive use of tariffs. The company emphasizes the risk to U.S. exporters, particularly in the EV sector, and warns of the challenges in sourcing components domestically. Tesla urges a phased approach to avoid disruption and ensure compliance, highlighting potential negative impacts on production and jobs.
Owning luxury EVs to get dearer in Maharashtra
Maharashtra's decision to impose a 6% motor vehicle tax on EVs priced above Rs 30 lakh and increase the tax on CNG and LPG vehicles may affect sales in the luxury segment. This move aims to boost state revenue but raises concerns among automakers about its impact on the adoption of clean technologies.
European shares jump on hopes of easing tariff worries; ECB rate decision awaited
European shares extended their gains on Thursday on hopes of easing trade tensions after U.S. President Donald Trump exempted automakers from his 25% tariffs on Canada and Mexico for one month.
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Ahead of Market: 10 things that will decide stock market action on Wednesday
The Indian market closed lower on Tuesday, with Nifty 50 marking its longest losing streak in three decades due to escalating global trade tensions. The Sensex fell 96 points (0.13%) to 72,989.93, while Nifty 50 dropped 36.65 points (0.17%) to 22,082.65.
European shares drop as Trump's fresh tariffs take effect
European shares joined a global market selloff on Tuesday after U.S. tariffs on Canada, Mexico and China took effect, raising concerns that similar levies could be imposed on Europe.
Kia, Mercedes, Volkswagen among 300,000 vehicles recalled in the US: Is your car affected?
Kia, Mercedes-Benz, Volkswagen, BMW and Hyundai have issued recalls affecting nearly 300,000 vehicles due to various safety concerns. These include engine damage, faulty door locks and brake system issues among others. Car owners have been asked to check if their vehicles are included in the recall and take necessary action.
Which car companies are in firing line of Trump's tariffs on Mexico, Canada?
The United States is set to implement proposed tariffs on Canada and Mexico, potentially affecting automakers like Audi, BMW, Ford, GM, and Toyota. The tariffs, which could be as high as 25%, would primarily impact vehicles and parts imported from Mexico to the U.S., with significant implications for production and trade in the auto industry.
Trump tariffs pose challenge for Europe's carmakers
The new 25 percent customs duties, set to be imposed soon, could either force manufacturers to absorb costs or raise prices, impacting their profits and market dynamics.
Want to make Made in India synonymous with quality: Venu Srinivasan
Venu Srinivasan, chairman of TVS Motor, reflects on key achievements including winning the Deming Prize, expanding globally, and pioneering various innovations. Under his leadership, TVS Motor became the fourth-largest two-wheeler producer worldwide. Acknowledging the contribution of his team, he shares the company's commitment to quality and his vision for the future of electric mobility.
Tesla feels the wrath of anti-Elon Musk backlash
Tesla is facing a decline in sales and brand loyalty due to Elon Musk's controversial political actions. Customers are increasingly dissatisfied with Musk's behavior, leading to decreased sales in Europe and the US. Alternative electric vehicle brands are gaining market share as consumers move away from Tesla.
Tesla to sell imported EVs in India from April for as low as ₹21 lakh, zeroes in on Mumbai and Delhi locations: Reports
Tesla aims to enter the Indian market in April 2025, offering imported electric vehicles from its Berlin plant. The company has started recruitment in India for various roles, aligning with its expansion plans. Tesla's founder Elon Musk previously emphasized the necessity of first selling and servicing its cars before setting up local manufacturing.
Passenger vehicle sales expected to grow in low single-digits in FY26, driven by SUVs and EV launches: SIAM estimates
Passenger vehicle sales in India are anticipated to grow by 1-4% in FY26, mainly driven by demand for SUVs and new electric vehicle launches. Entry-level car sales are expected to remain sluggish. Industry leaders Maruti Suzuki and Hyundai Motor India predict modest growth, while Mahindra & Mahindra and Tata Motors have a more optimistic outlook.
With Trump threatening tariffs, Porsche, BMW look to next German govt for way out of crisis
Germany’s auto industry is facing challenges with declining sales, high production costs, and trade tensions. The upcoming election is crucial as parties debate over necessary steps to revive growth. Key issues include tariffs, high manufacturing costs, dependence on China, slow EV market, and heavy bureaucracy. Industry leaders seek better policies to regain competitiveness.
Germany's economy is in the dumps. Here are 5 reasons why
Germany's economy has been experiencing a downturn due to energy supply disruptions from Russia, China's rise from customer to competitor, underinvestment in infrastructure, a shortage of skilled workers, and bureaucratic red tape. These factors have significantly impacted Germany's industrial output, leading to high energy costs, reduced net exports, and labor shortages.
Steel sector leads with half of Jharkhand's Rs 26,000 cr investment proposals during Bengal biz meet
Jharkhand received investment proposals worth Rs 26,000 crore at the Bengal Global Business Summit, with half related to the steel sector. Proposals include Supreme Metals Export's plans for a steel plant and Voltox Rail's special steel project, together aimed at creating 3,500 jobs. Additionally, BMW Industries, Rashmi Metaliks, and SM Steel and Power have significant investment and job creation plans.
Global car industry in firing line of Trump's tariffs on Mexico, Canada
U.S. President Donald Trump has imposed new tariffs on imports from Mexico, Canada, and China. These tariffs particularly impact the automotive industry, with major brands like Volkswagen, GM, and Toyota affected due to their significant exports to the U.S. The move is aimed at curbing fentanyl flow and illegal immigration from these countries.
EU holds auto talks to revive embattled car sector
The European Union is facing pressure to support a large industry. This sector employs 13 million people and contributes about seven percent of the EU's total economic output. The EU aims to improve Europe's competitiveness.
Car buyers eye upgrade amid a flurry of premium models
Rising demand for premium passenger vehicles is leading automakers to focus on this segment with new offerings, particularly in the electric vehicle space. Sales of utility vehicles priced at ₹30 lakh to ₹60 lakh have grown by 12% in the first nine months of FY25, and companies like Mercedes-Benz and BMW are leveraging tax benefits to make EVs more affordable.
First TikTok, now automakers. Does Volvo’s Chinese ownership threaten US national security?
Volvo Car AB faces potential restrictions in the US market due to new regulations aimed at blocking Chinese entities from selling connected vehicles. Majority-owned by Zhejiang Geely Holding Group Co., Volvo may need to adjust its ownership or technology to comply with US security concerns by 2027.
Tesla, BMW take EU to court over China EV tariffs
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday. Under the tariff scheme, Tesla vehicles manufactured in Shanghai face an additional surcharge of 7.8 percent on top of 10 percent already in place for EV imports from China.
Trump's promised tariffs likely to hit global companies from Audi and BMW to Foxconn and LG
President Trump intends to impose 25% tariffs on Canada and Mexico, impacting several Asian automakers and battery firms. This move affects diverse sectors including auto manufacturers such as Volkswagen, BMW, Toyota, and Nissan as well as electronics giants like Samsung and Lenovo. Production shifts and significant market disruptions are anticipated, urging companies to reassess their strategies.
Tata Technologies will announce its Q3 results today. Here's what to expect
Tata Technologies is anticipated to report subdued third quarter results with marginal revenue growth of around 0.3%, but an 8% decline in net profit to Rs 157 crore. The company’s revenue from the services segment faces headwinds from auto sector weakness and reduced client spending despite a healthy order book.
BMW India expects sales to maintain growth momentum in 2025
BMW India anticipates double-digit sales growth in 2025 following a record-breaking year in 2024, with 15,721 car units sold, an 11% increase. The company also expects significant growth in its electric vehicle segment. BMW Motorrad launched the R 1300 GS Adventure and the new X3, with deliveries starting in April 2025.
BMW R 1300 GS Adventure launched in India: Check price, specifications & more
BMW Motorrad has launched the new BMW R 1300 GS Adventure in India. Deliveries will start from April 2025. This advanced motorcycle features a powerful twin-cylinder boxer engine, various riding modes, and customizable color schemes. Additionally, it offers flexible financing options and an extendable warranty.
BMW unleashes the Beast: All-New S 1000 RR roars onto Indian roads at Auto Expo 2025; Check all details
BMW launched the all-new S 1000 RR at Auto Expo 2025, featuring a 999cc inline-four engine producing 210 hp. The super-sport bike, priced at Rs 21,10,000, offers advanced aerodynamics, multiple riding modes, and a 6.5-inch TFT display for an enhanced riding experience. Bookings are now open.
BMW X3 launched at Rs 75.80 lakh: Check details, engine specifications & more
The all-new BMW X3, launched at Auto Expo 2025, features bold design, advanced technology, and unmatched luxury. Locally produced in Chennai, this SAV offers petrol and diesel variants with 48V mild hybrid technology. Priced at INR 75,80,000 and INR 77,80,000, it includes standout features like adaptive suspension, a curved display, and top-notch safety. Bookings open, deliveries start April 2025.
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