Ford Motor Company, the second-largest automotive manufacturer in the U.S., cautioned that its 2025 profits might decrease by $2 billion or more, citing potential risks from new tariffs on imports imposed by U.S. President Donald Trump and declining demand for electric vehicles, according to Bloomberg, referencing the company's report. Ford projects that its earnings before interest and taxes...

Two Japanese car manufacturers - Nissan and Honda - will halt discussions on a merger, as they were unable to come to terms on the deal's conditions. This is cited by Nikkei based on its own sources. The agency stated that the companies have failed to reach an agreement on the valuation of each entity within the holding company. Concurrently, Honda suggested that Nissan should become its...

In January, Tesla's electric car sales in Germany plunged by 59.5%, totaling 1277 units. Such information was released by Germany's Federal Automobile Office. This month marks the lowest Tesla sales in Germany since July 2021. During this time, the total sales of all-electric vehicles rose by 53.5% to reach 34.5 thousand. Considering this, certain media sources have connected the steep decline...

Mark Zuckerberg, the CEO of Meta, stated that the company has no plans to cut its investments in artificial intelligence, even if the Chinese startup DeepSeek has successfully developed a robust model with significantly reduced costs and computing power, according to CNBC. Zuckerberg states that it’s premature to make any conclusions regarding the impact of DeepSeek’s success on the development...

Deutsche Bank released its financial reports for the fourth quarter and the entire fiscal year of 2024. In the fourth quarter, revenue rose by 8% to €7.2 billion, whereas profit dropped by 92% to €106 million. In 2024, Deutsche Bank's revenue increased by 4% to reach €30.1 billion. Annual profit decreased by 36% to €2.7 billion. The bank has also revealed intentions to repurchase shares for €750...

The UK government has allocated £20 million ($24.8 million) to space firm Orbex for developing and launching rockets from the Scottish shoreline, according to the government press office. The announcement mentioned that the investment will assist in financing Orbex's Prime rocket, which will be the first rocket to be manufactured and launched into orbit in the UK. The Prime rocket, created to...

Coca-Cola's European bottling sector has declared a large recall of drinks from the European market because of high chlorate levels. Coca-Cola Europacific Partners Belgium announced in a statement on Belgium's Federal Food Chain Safety Agency AFSCA website that soft drinks (in returnable glass bottles and cans) from various brands with production codes ranging from 328 GE to 338 GE (inclusive)...

The Tesla Corporation's Shanghai division has initiated legal action against the European Union in the European Court of Justice. The company insists that the heightened tariffs placed on electric cars exported from China last year be declared illegal. The specifics of the legal case are not disclosed. Consequently, Tesla has allied with various firms, such as the Chinese BYD, Geely, and SAIC,...

Shares of the German sportswear company Puma dropped by nearly 20% following the announcement of initial financial results for 2024. On January 23, they had a value of €33.55 (-19.86%). According to Bloomberg, this decline was the largest for the company in the past twenty years. Preliminary results indicate that Puma's net profit for 2024 reached €282 million, representing a 7.5% decline...