Mercedes-Benz urges the US and EU to conclude a trade agreement due to significant losses from tariffs. The company lost $420 million in profit, and sales fell by 9% in the second quarter of 2025.
Porsche cancels plans to launch its own battery production due to high costs and slowed growth in the electric car market. Its subsidiary Cellforce will now focus solely on research and development.
Nissan shares fell by 6% after Mercedes-Benz sold its 3. 8% stake in the Japanese automaker. This sale increases pressure on Nissan, which is struggling to implement its recovery plan.
Border guards of the Chop detachment exposed a clergyman of the UOC who tried to illegally smuggle a conscript across the border for $10,000. He hid the man in his own car under his cassocks.
Several attempts at illegal movement of goods were stopped at the Ukrainian-Polish border. Among the seized items were electronic cigarettes, Apple AirPods headphones, old coins, cosmetics, alcohol, coffee, and narcotic drugs.
The European Automobile Manufacturers' Association called for additional incentives for electric vehicles after the largest drop in new car sales in 10 months in June. New EV registrations fell by 5.1% to 1.24 million, indicating a slowdown in demand growth.
Martin Jäger, the German ambassador to Ukraine, will become the new head of the BND. A reorganization of the service and an increase in funding are expected, which should speed up the collection of intelligence.
Trump will introduce 25% tariffs on car imports, which will hit European manufacturers. Porsche and Mercedes may lose billions of euros in profits due to the new US duties.
BMW is collaborating with Alibaba to integrate Banma AI into cars. This will create an intelligent assistant for drivers in China.
The EU has imposed duties of up to 35. 3% on Chinese electric cars, which has prompted threats from Beijing. China plans to freeze investments in the EU and impose sanctions on European goods in response.
