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More automakers drop earnings guidance over tariffs
More automakers drop earnings guidance over tariffs
by  AFP

Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.

German growth better than expected but tariff turmoil looms
German growth better than expected but tariff turmoil looms
by  AFP

Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.

Steelmaker ArcelorMittal warns of uncertainty
Steelmaker ArcelorMittal warns of uncertainty
by  AFP

Steelmaker ArcelorMittal warned Wednesday that tariff uncertainty could cause further economic disruption as its global footprint helped it weather the turbulence in the first quarter. "Heightened uncertainty around the terms of global trade is hurting business confidence and risks causing further economic disruption if not quickly resolved," ArcelorMittal's chief executive Aditya Mittal warned.

Jeep owner Stellantis suspends outlook over tariffs
Jeep owner Stellantis suspends outlook over tariffs
by  AFP

US-European auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, dropped its annual financial guidance on Wednesday due to uncertainty over US President Donald Trump's tariffs. But the company said it was "suspending its 2025 financial guidance...due to evolving tariff policies, as well as the difficulty predicting possible impacts on market volumes and the competitive landscape."