It was, by any measure, a lot of red ink. When Volkswagen announced its third-quarter profits at the end of October, the German auto giant said it anticipated heavy losses for this year. The reason? It is taking a 5 billion euro hit from tariffs imposed in the American market. Likewise, the German sportswear manufacturer Adidas warned of a 120 million euro hit to its earnings, in part because the levies its trainers now face in the United States, while Toyota warned of a $9 billion hit from tariffs.
David Ellison Faces His Biggest Challenge Yet as $81 Billion Warner Bros. Deal Nears Completion
David Ellison is preparing to complete Paramount’s $81 billion acquisition of Warner Bros. Discovery. The new Skydance faces major challenges involving debt, cost cuts, streaming, content and integration.
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