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Express News | According to the National Highway Traffic Safety Administration (NHTSA), MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 0.25 ORD SHS will recall 144,049 vehicles in the United States due to dashboard display malfunctions.
Weak sales of luxury goods and a downturn in the high-end automobile market... The European non-essential consumer sector is experiencing a 'disastrous earnings season'.
In this earnings season, disappointing performances by European luxury goods companies, automobile manufacturers, and the hotel industry have weighed down the consumer discretionary sector, making it the worst-performing industry. Rising inflation and geopolitical uncertainties have hindered the long-anticipated recovery process.
Express News | Trump threatens to raise tariffs on EU, targeting German automakers
European stocks edged lower in early trading, with declines in French, Spanish, and Italian markets; UK markets were closed for a holiday.
European stocks edged lower in early trading, with declines in the French, Spanish, and Italian markets. The automotive sector was also impacted by U.S. tariff threats. The pan-European STOXX 600 index fell 1.27 points, or 0.2%, to 610.28. The UK market was closed for a bank holiday. France's CAC 40 index dropped 39 points, or 0.5%, to 8,075, while Germany's DAX index rose 17 points, or less than 0.1%, to 24,309. Spain's IBEX 35 index declined 153 points, or 0.9%, to 17,627, and Italy's FTSE MIB index fell 243 points, or 0.5%, to 48,003. Finland...
European Automakers Hit With Increased Trade Tariffs on EU Deal Violations
Express News | MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 0.25 ORD SHS (China) Automobile Sales Co., Ltd. recalls some imported G 580 all-electric vehicles.