• May 17, 2025
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AutomotiveIndustry

Germany’s Volkswagen hit by US tariffs, EU rules in first quarter

By Frank Johannsen, dpa and Stefan Heider, dpa-AFX. Volkswagen reported a drop in preliminary first-quarter profit on Wednesday, with operating earnings falling to €2.8 billion ($3.1 billion) from €4.6 billion [..]

Volkswagen delays profitability target for core brand by three years

By Frank Johannsen, dpa. German car manufacturer Volkswagen announced on Thursday that it is extending the timeline for achieving its planned cost reductions for its core brand. The target of [..]

German carmaker Mercedes-Benz agrees cost-cutting package with staff

German luxury carmaker Mercedes-Benz has agreed a comprehensive package of cost-cutting measures with employees. German luxury carmaker Mercedes-Benz has agreed a comprehensive package of cost-cutting measures with employees. Management and [..]

Volkswagen owner Porsche SE expects billions of euros in write-downs

Volkswagen holding company Porsche SE will probably have to write down billions of euros on its investments in VW and the sports car manufacturer Porsche AG. Volkswagen holding company Porsche [..]

Germany’s 2030 electric car target to fall short, projection shows

Projections from management consultancy Deloitte show that Germany’s electric car market will grow much more slowly than the government had hoped. By 2030, only 11.2 million fully electric vehicles are [..]

BMW boss believes 2025 climate target for new cars is achievable

The boss of the German luxury carmaker BMW expects his company will be able to meet the climate targets for new vehicles in the coming year. “We have known the [..]

Tesla opens its 1st pop-up store in Lithuania

US electric car giant Tesla has opened its first pop-up store in Lithuania, the company said on Thursday. The Tesla pop-up has been opened at the Akropolis shopping mall in [..]

Estonian Car Owners Association turns to justice chancellor re car tax

The Estonian Car Owners Association (EAOL) has approached Chancellor of Justice Ülle Madise with a request to check the constitutionality of the motor vehicle tax, because, according to the association, [..]

Tesla establishes Tesla Lithuania in Vilnius

Tesla International of the Netherlands, which is owned by the US electric vehicle (EV) giant Tesla, is setting up a company in Lithuania – Tesla Lithuania. According to the Center [..]

LHV: Electric car market becoming more active in Estonia

While electric cars have so far been considered a choice for wealthier individuals, more favorable financing conditions and a wider range of lower-priced electric vehicles could make them popular among [..]

New plan would see registration tax also hit second-hand cars bought in Estonia

The government needs to change its car tax plan to make sure it meets European Union rules. The latest plan would see the registration fee apply also to second-hand vehicles [..]

First-time registration of passenger cars in Latvia down 10.8% in Q1

In January-March 2024 first-time registration of passenger cars in Latvia dropped 10.8 percent year-on-year, with 12,797 automobiles registered for the first time during that period, according to the information from [..]

Major Baltic car dealers set up Baltic Sustainable Mobility Alliance

In order to promote the development of electric mobility and reach a level of at least 30 percent in electric mobility by 2028, the largest automotive importers in the Baltic [..]

Estonian car sales market decreased by nearly one-fifth; most popular – Toyota, Skoda, VW

In March, the sales volumes of cars and commercial vehicles in Estonia decreased by nearly one-fifth, or 20.6 percent, compared to the same period last year, with a quarterly decline [..]

Survey: 3/4 of Estonians against car tax

According to the results of a survey commissioned by the Institute for the Study of Societal Issues, 76 percent of respondents are against the implementation of a car tax in [..]

New passenger car market in Latvia grows 10.6% in 2023; most popular – Toyota, Skoda and VW

In 2023, Latvian new passenger car registration rose 10.6 percent against 2022, with 21,146 new vehicles registered, the Latvian Auto Association informed. Registration of new light passenger cars rose 10.4 [..]

Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months

The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. All-electric deliveries increased by 45 percent to 531,500 vehicles globally, raising the BEV share of [..]

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Unused pipes for the Nord Stream 2 Baltic Sea gas pipeline, which runs from Russia to Germany, lie at the port site in the municipality of Sassnitz. Photo: Stefan Sauer/dpa Credit: Stefan Sauer/dpa

Nord Stream 2 operator given go-ahead to find new investors

Photo: lmt.lv

LMT to distribute Samsung smartphone in Baltics

A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. Photo: Hendrik Schmidt/dpa Credit: Hendrik Schmidt/dpa

Three Ukrainians arrested over planned sabotage for Russia in Germany

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The 1st Baltic Awards – a prestigious award that unites the achievements of the Baltic States in culture and science – was presented in Riga

Photo: Pixabay.com (illustrative picture)

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

Photo: Pixabay.com (illustrative picture)

Lithuanian government approves tax reforms

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GetJet Airlines and Tez Tour sign a new long-term agreement

German police officers carry out checks at the border crossing from Austria near Kiefersfelden. Photo: Peter Kneffel/dpa Credit: Peter Kneffel/dpa

Germany’s interior minister says border rejections up 45% in a week

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Signet Bank provides EUR 2 million financing for a regionally important company – “Seces koks”

Photo: Pixabay.com (illustrative picture)

Poll shows increasing dissatisfaction in Lithuanian government

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