Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

The Trump administration has long accused the EU of too much positive trade balance surplus and has clashed with its trans-Atlantic allies over state subsidies to manufacturers and taxes on US tech companies. Donald Trump on Wednesday renewed his threat...
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PSA Group’s sales slump 10% in 2019

PSA Group’s sales slump 10% in 2019

French carmaker PSA Group (Peugeot Citroen Opel) said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and...
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Nissan and Renault dismiss reports of possible break-up

Nissan and Renault dismiss reports of possible break-up

French carmaker Renault and Japanese partner Nissan said on Tuesday their alliance was in no danger of being dissolved. The announcement follows a Financial Times report that Nissan was beefing up plans to quit. The alliance, which also includes Japan’s...
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Airbus Deliveries Soar To Record High As Boeing’s Fades

Airbus Deliveries Soar To Record High As Boeing’s Fades

A new report from Reuters specifies how Airbus locked in a record number of aircraft deliveries in Dec. to exceed full-year delivery targets while outshining troubled Boeing in becoming the world’s top planemaker. By midnight on New Year’s Eve, A...
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What would real house prices look like in a world without bubbles?

What would real house prices look like in a world without bubbles?

The Great Recession was not caused by a the bursting of a housing bubble, because there was no bubble.  It was caused by tight money supply. Unaffordable housing is the macroeconomic story of our time. It is interesting that housing...
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Mercedes-Benz owner Daimler to cut 10,000 jobs and Audi to cut 9,500

Mercedes-Benz owner Daimler to cut 10,000 jobs and Audi to cut 9,500

Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars. Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would...
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French luxury giant LVMH buys iconic American jeweler Tiffany for over $16 Billion

French luxury giant LVMH buys iconic American jeweler Tiffany for over $16 Billion

The world’s leading luxury group LVMH has agreed to buy a 182-year-old US jeweler Tiffany & Co. for $135 per share in cash. The $16.2 billion deal will become the largest luxury-goods deal ever. “The acquisition of Tiffany will strengthen...
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Airbus wins orders for 170 aircraft

Airbus wins orders for 170 aircraft

Airbus has won $30bn (£23bn) worth of orders for 170 aircraft in another sign of the continued expansion of Middle East airlines. On the second day of the Dubai Air Show, Emirates announced the purchase of 50 Airbus A350-900 XWBs...
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Fiat Chrysler in merger talks with French automaker Peugeot

Fiat Chrysler in merger talks with French automaker Peugeot

FCA – Fiat Chrysler and Peugeot owner PSA Groupe are in merger talks, the companies confirmed Wednesday. The companies issued separate, nearly identical statements, signifying a coordinated messaging strategy, with Italian-American automaker FCA addin...
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Slovenia’s Adria Airways files for bankruptcy

Slovenia’s Adria Airways files for bankruptcy

Adria Airways has filed for bankruptcy at the Kranj District Court and cancelled all scheduled flights as of September 30, 2019. “Bankruptcy proceedings were initiated by management because of the company’s insolvency and based on the Slovenian Financi...
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Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

The Air Force will receive its first MH-139 helicopter for testing in December, as it enters the next phase of the $2.4 billion effort to replace the obsolete Vietnam-era UH-1N Hueys, the head of Air Force Global Strike Command said...
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Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV

Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV

BMW Concept 4 Debuts With Massive Double Kidney Grille BMW has revealed the Concept 4 Series Coupé at the Frankfurt motor show, previewing radically revamped styling for the second-generation version of the two-door coupé, set to launch in late 2020...
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2019 Frankfurt Auto Show Starts

2019 Frankfurt Auto Show Starts

New 2020 Volkswagen ID.3: electric car arrives at Frankfurt The VW ID.3 arrives with a choice of three different battery sizes, with top spec models offering a range of between 242 and 342 miles. This is the Volkswagen ID.3, the...
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BNP Research: Tough Road Ahead for Oil

BNP Research: Tough Road Ahead for Oil

New research, led by Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management, shows that oil needs a long-term breakeven price of USD 10 – 20/barrel to remain competitive in mobility in his report Wells, Wires and...
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The Myth Of The World’s Hottest Electric Car Market

The Myth Of The World’s Hottest Electric Car Market

Norway has been hailed as a model for electric vehicles adoption with EV sales exceeding 57% of new car sales in June of this year. This accomplishment stands at odds with the rest of the world, where despite substantial subsidies, EV sales...
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