Ilona Wissenbach

1 week ago | mining.com | Marie Mannes |Ilona Wissenbach

Obstacles to the supply of key raw materials from China have prompted truckmaker Daimler Truck to increase its inventories in the short term, CEO Karin Radstrom told reporters after a conference in Gothenburg on Tuesday. Radstrom said the chip crisis during the Covid-19 pandemic had already shown that vehicle manufacturing could no longer rely as heavily on just-in-time deliveries.

1 month ago | claimsjournal.com | Christina Amann |Victoria Waldersee |Ilona Wissenbach

Germany’s leading automakers are in talks with Washington over a possible import tariff deal, seeking to use their U.S. investments and exports as leverage to soften any blow, three people familiar with the matter said. BMW, Mercedes-Benz and Volkswagen hope that the talks with the U.S. Department of Commerce could result in a deal in June, one of the people said, but this would be contingent on companies pledging substantial investments that would sway the U.S. administration.

1 month ago | reuters.com | Christoph Steitz |Ilona Wissenbach

A general view of Heidelberg Materials cement plant at Kattameya district in Cairo, Egypt September 4, 2023. REUTERS/Shokry Hussien/File Photo FRANKFURT, May 28 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, said on Wednesday it expects operating profit growth in the medium-term to 2030 to be driven by five megatrends, including higher defence spending and a growing demand for data centres.

1 month ago | tuscaloosanews.com | Ilona Wissenbach |Madeline Chambers |Joe Bavier

Ilona WissenbachReutersInvestors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sports car maker to cut its outlook.

1 month ago | usatoday.com | Ilona Wissenbach

Investors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on Wednesday as weakness in China and tariff-related challenges in the United States have forced the sports car maker to cut its outlook. Last month, Porsche P911_p.DE said its margins had plunged in the first quarter and gave a more somber forecast for the year due to a 42% drop in sales in China in the first three months of 2025, a slowing shift to electric cars and U.S. tariffs.