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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."

Aston Martin limits US car imports due to tariffs
Aston Martin limits US car imports due to tariffs
by  AFP

British luxury carmaker Aston Martin Lagonda said Wednesday that it is limiting shipments to the United States after US President Donald Trump slapped 25-percent tariffs on car imports. It is not the only British carmaker to adjust shipments due to Washington's tariffs, as Jaguar Land Rover paused exports to the United States in April while it worked on a new plan to adapt.

TotalEnergies profits drop as prices slide
TotalEnergies profits drop as prices slide
by  AFP

TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms. TotalEnergies boosted crude oil production by two percent from the first quarter of 2024, but that wasn't enough to compensate for nine percent drop in the international reference price.

Jeep owner Stellantis suspends 2025 earnings forecast over tariffs
Jeep owner Stellantis suspends 2025 earnings forecast over tariffs
by  AFP

Stellantis, the parent company of Jeep, Peugeot and Fiat, said Wednesday it was suspending its 2025 earnings forecast due to uncertainty caused by US tariffs. Nevertheless, Stellantis 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."

French economy returns to thin growth in first quarter
French economy returns to thin growth in first quarter
by  AFP

France's economy returned to growth in the first three months of the year but the expansion was modest, held back by sluggish household consumption and stagnant investment, official data showed Wednesday.

Japan tariff envoy departs for round two of US talks
Japan tariff envoy departs for round two of US talks
by  AFP

Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies. The yen has risen significantly since Trump's tariffs were announced -- it was trading at 142 for a dollar on Wednesday, compared with 158 in mid-January. kh-hih-kaf/dan