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Nexperia, the new crisis looming for Europe's carmakers
Nexperia, the new crisis looming for Europe's carmakers
Business and Economy
by  AFP

European automakers already buffeted by US tariffs and a rocky shift toward electric vehicles now face a new threat: a shortage of key semiconductors supplied by Chinese-owned Nexperia. "Without these chips, European automotive suppliers cannot build the parts and components needed to supply vehicle manufacturers and this therefore threatens production stoppages," the group said.

Porsche loses almost one billion euros on shift back to petrol
Porsche loses almost one billion euros on shift back to petrol
Business and Economy
by  AFP

German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout. Porsche in September said it would delay the introduction of some fully electric cars and extend the life of some combustion engine and hybrid models.

P&G profits rise as company sees lower tariff hit
P&G profits rise as company sees lower tariff hit
Business and Economy
by  AFP

Procter & Gamble on Friday reported higher earnings fueled in part by an improved performance in China as it projected a lower hit from tariffs. The consumer products giant -- which announced a downsizing in non-manufacturing employment in June in the wake of the tariff onslaught -- now sees a hit of $500 million in fiscal 2026, down from an earlier forecast of $1 billion.