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Keywords: Operating profit
Tariffs are expected to reduce annual operating profit at German automotive group Volkswagen AG by around €5 billion ($5.9 billion), according to CEO Oliver Blume. Speaking at an event in Barcelona, Blume said the measures represent a significant financial burden for the company, which remains......
FedEx is preparing a major strategic shift as its freight division, FedEx Freight, outlines ambitious growth targets ahead of its planned separation into an independent company. The unit, which specializes in less-than-truckload (LTL) shipping services, has announced medium-term goals that include steady......
Honda Motor reported a sharp fall in profits as U.S. import tariffs, weakening demand for electric vehicles, and ongoing semiconductor supply disruptions continued to weigh on performance. The Japanese automaker said net profit for the nine months through December fell 42 percent from a year earlier......