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Deutsche Bank has revised its U.S. light vehicle sales forecast for 2025 down by 500,000 units to 15.4 million, citing concerns over President Trump's 25% tariffs on imported vehicles and parts. These tariffs are expected to raise vehicle prices significantly, leading to reduced consumer demand and potential supply chain disruptions.While a short-term sales surge may occur as consumers rush to buy before price hikes, a subsequent decline is anticipated. Automakers like Ford, GM, and Stellantis are seeking exemptions for low-cost parts to lessen the financial impact, with GM stock showing the highest upside potential among major players.
Deutsche Bank has revised its 2025 forecast for U.S. light vehicle sales down by 500,000 units to 15.4 million, citing concerns over President Trump's impending 25% tariffs on imported vehicles and parts. The tariffs are expected to raise vehicle prices significantly, leading to reduced consumer demand and potential supply chain disruptions. While automakers like Tesla and Ford may be better positioned due to strong domestic production, companies reliant on imports, such as GM and Stellantis, could face increased costs and operational challenges.
Deutsche Bank has invested £250 million in UK fintech Abound, boosting its lending capacity to £1.6 billion. This funding will enhance Abound's AI-driven credit decisioning technology, leveraging Open Banking data to provide personalized affordability assessments and expand its operations significantly. CEO Gerald Chappell emphasized the potential for global expansion as Open Banking gains traction worldwide.
Deutsche Bank has upgraded Goodyear Tire & Rubber to a Buy rating, citing successful asset sales and cost-saving measures under its Goodyear Forward restructuring plan. The firm anticipates the company will achieve $1.5 billion in cost savings by the end of 2026, with improved margins expected in the coming quarters. Goodyear's valuation is considered attractive, with a price target of $13, indicating nearly 50% upside potential.
Goodyear Tire & Rubber Co. is positioned to benefit from President Trump's tariffs on car imports, as most of its U.S. demand comes from domestic manufacturers and tires are not currently affected by the levies. Deutsche Bank upgraded the stock to "buy," citing potential gains from a higher mix of replacement tires and successful cost-cutting measures, with a price target of $13, suggesting a nearly 50% increase from its recent trading price of $8.95. The company is on track to achieve $1.5 billion in cost savings and margin improvements by the end of 2026.
Noah Ramos, a former Deutsche Bank executive, has filed a lawsuit claiming he was wrongfully terminated for whistleblowing after reporting improper accounting practices that led to a $173 million receivable issue. He alleges that the bank fabricated a racial bias complaint against him to justify his firing, which he argues was a cover for his protected whistleblowing activities. Deutsche Bank has denied the allegations and stated they will defend themselves vigorously.
Noah Ramos, a former Deutsche Bank executive, has filed a lawsuit claiming he was wrongfully terminated for whistleblowing after reporting improper accounting practices that led to a $173 million receivable issue. He alleges that the bank fabricated a racial bias complaint against him to justify his firing, which he argues was a cover for his protected disclosures. Deutsche Bank has denied the allegations and stated they will defend themselves vigorously.
Noah Ramos, a former senior operations executive at Deutsche Bank, has filed a lawsuit claiming he was wrongfully terminated for whistleblowing. He alleges that after raising concerns about the bank's improper accrual of $173 million in receivables, he faced retaliation through a fabricated racial bias complaint. Ramos reported the issue shortly after taking charge of Americas operations in October 2023.
A former executive has accused Deutsche Bank of concealing operational mishaps from regulators, raising concerns about the bank's transparency and compliance practices. This allegation highlights potential regulatory risks and the integrity of the bank's reporting mechanisms.
Deutsche Bank has upgraded Goodyear Tire & Rubber shares from Hold to Buy, setting a price target of $13, reflecting confidence in the company's operational strategy and cost-saving potential. Recent divestitures and a focus on the profitable replacement tire market position Goodyear favorably amid new tariff policies. Despite challenges, the stock is seen as undervalued, with a nearly 50% upside projected based on estimated EBITDA multiples.
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