Profit warnings and uncertainty as Trump tariffs send a chill through businesses

Quick Summary:

FRANKFURT/STOCKHOLM/LONDON :General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as U.S.

President Donald Trump's trade war continued to send shivers through the corporate world.

Volvo Cars announced plans for spending cuts of about $1.8 billion and said it would restructure its U.S.operations as its first-quarter profit tumbled, sending shares down over 10 per cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceUnited States

Topics: Cars Volvo Guidance Trade Tuesday Tariffs Porsche Trump April Uncertainty World

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 18:57:42 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 944 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28285492

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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