Volkswagen on Thursday reported a sharper-than-expected drop in first-quarter profit, with Europe's largest automaker citing US tariffs and intensifying Chinese competition as headwinds that dragged operating earnings down by double digits. The Wolfsburg-based group posted operating profit of €2.5bn for the three months to March, down 14.3% year on year and well short of analyst expectations of nearly €4bn. Sales revenue eased 2.5% to €75.7bn, marginally above consensus, whil

Alstom shares closed at €16.36 on Wednesday, holding near 52-week lows, as investors brace for full-year results on 13 May that have become a defining test for new chief executive Martin Sion. The Saint-Ouen-based rail group has shed nearly 36% of its market value over the past three months, taking its capitalisation to around €7.5bn, after Sion used a hastily convened analyst call on 16 April to abandon a €1.5bn three-year free cash flow target that had been central to the c

Airbus first-quarter aircraft deliveries fell 16 per cent, the European planemaker reported on Tuesday, as a persistent shortage of Pratt & Whitney geared turbofan engines and a fuselage panel quality issue continued to choke its production system, even as the order book swelled to a record 9,037 commercial jets. The Toulouse-based group handed over 114 aircraft in the three months to March, down from 136 a year earlier, dragging revenues down 7 per cent to €12.7bn and compre