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Stellantis beats estimates in first quarter as operating income tops $1 billion

Stellantis beats estimates in first quarter as operating income tops $1 billion

By Giulio Piovaccari and Gilles Guillaume MILAN, April 30 (Reuters) - Stellantis said on Thursday its adjusted operating income almost tripled in the first quarter of this year, beating estimates, supported by sales growth in all regions, especially in the key North American market.
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Ford raises profit outlook for 2026 despite nagging aluminum supply costs

Ford raises profit outlook for 2026 despite nagging aluminum supply costs

By Nora Eckert DETROIT, April 29 (Reuters) - Ford Motor lifted its annual guidance on Wednesday by $500 million, aided by significant tariff refunds, but said it still faces rising materials costs as it works to source aluminum for its lucrative F-150 pickup trucks. A U.S.
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Porsche's first-quarter falls as tariffs, Chinese market bite

Porsche's first-quarter falls as tariffs, Chinese market bite

By Rachel More BERLIN, April 29 (Reuters) - Porsche on Wednesday said its first-quarter profit fell by more than a fifth as auto markets remain challenging, piling further pressure on CEO Michael Leiters to cut costs and revive sales.
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General Motors Anticipates $500 Million Refund from Trump Tariffs, Enhancing 2026 Earnings Forecast

General Motors Anticipates $500 Million Refund from Trump Tariffs, Enhancing 2026 Earnings Forecast

General Motors Anticipates $500 Million Refund from Trump Tariffs, Enhancing 2026 Earnings Forecast
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Volkswagen's first-quarter profit drop spurs further cuts

Volkswagen's first-quarter profit drop spurs further cuts

By Rachel More BERLIN, April 30 (Reuters) - Volkswagen must fundamentally overhaul its business as tariffs, geopolitical shocks and weak car demand batter the industry, the automaker said on Thursday, with a sharp first-quarter profit drop underscoring the urgency.
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General Motors Anticipates $500 Million Tariff Refund Following Supreme Court Ruling

General Motors Anticipates $500 Million Tariff Refund Following Supreme Court Ruling

General Motors Anticipates $500 Million Tariff Refund Following Supreme Court Ruling
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GM Raises Profit Forecast After Supreme Court Ruling on Tariffs

GM Raises Profit Forecast After Supreme Court Ruling on Tariffs

GM Raises Profit Forecast After Supreme Court Ruling on Tariffs
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Ford Receives $1.3 Billion Tariff Refund, Boosting Profits Amid Mixed Business Signals

Ford Receives $1.3 Billion Tariff Refund, Boosting Profits Amid Mixed Business Signals

Ford Receives $1.3 Billion Tariff Refund, Boosting Profits Amid Mixed Business Signals
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Mexico to require federal projects to use local steel in response to US tariffs

Mexico to require federal projects to use local steel in response to US tariffs

MEXICO CITY, April 29 (Reuters) - Mexico's President Claudia Sheinbaum on Wednesday announced a rule that all federal work projects use steel from Mexican companies, after attempts to reach a deal to lift U.S. steel tariffs failed. 
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Some groups ask US trade agency for new duties, import bans to fight forced labor

Some groups ask US trade agency for new duties, import bans to fight forced labor

By David Lawder WASHINGTON, April 28 (Reuters) - Pro-tariff and human rights groups asked the Trump administration on Tuesday to impose new import bans, duties and quotas to combat forced labor practices in China and other countries and to press trading partners to adopt U.S.-style enforcement
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Soccer-Australia's Irvine says Trump peace prize makes a mockery of FIFA Human Rights Policy

Soccer-Australia's Irvine says Trump peace prize makes a mockery of FIFA Human Rights Policy

By Ian Ransom MELBOURNE, April 28 (Reuters) - Australia midfielder Jackson Irvine says soccer's credibility as a force for good has been undermined by the game's global governing body, accusing FIFA of making a mockery of its Human Rights Policy.
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Tired and worried, seafarers have been stranded in the Persian Gulf for weeks

Tired and worried, seafarers have been stranded in the Persian Gulf for weeks

Around 20,000 seafarers on hundreds of vessels are stuck in the Persian Gulf, unable to cross the Strait of Hormuz that remains effectively shut by Iran