Boeing settles with US government for 1.1 billion dollars
Following the tragic crashes of two 737 Max airplanes, Boeing has reached a settlement $BA (+0,93 %) has agreed a settlement with the US government. The company will put 1.1 billion dollars, or almost one billion euros, on the table. This is in exchange for the criminal charges against the company being dropped. This agreement follows the crashes in which a total of 346 people lost their lives. While the decision still needs the approval of a judge, relatives of some of the victims are disappointed with the settlement. They consider a trial against Boeing to be crucial for dealing with the incidents. In particular, the Trump administration has rejected an earlier agreement with the Biden administration that required Boeing to plead guilty and accept responsibility. The situation surrounding Boeing raises many questions, particularly about safety standards and the responsibility of large companies in times of crisis.
Tesla sales slump massively in Europe
In Europe, things are looking anything but rosy for Tesla $TSLA (-1,83 %) is looking anything but rosy. In April, the electric car manufacturer's sales figures fell drastically by over 52 percent compared to the same month last year, which corresponds to modest sales of just 5,475 vehicles in the EU. The first four months of 2025 did not bring any relief either, with a decline of 46.1 percent and only 41,677 electric cars sold in total. Competitors from Europe and China are taking advantage of this weakness to push Tesla into the rear-view mirror. In April, Tesla was overtaken by ten manufacturers, including Volkswagen and BMW. Volkswagen in particular doubled its deliveries of electric vehicles in the first quarter and is now clearly on course to overtake Tesla. The Chinese manufacturer BYD has also overtaken Tesla in the all-electric drive segment on the European market. German manufacturers are benefiting from their excellent reputation for quality and reliability, which could be crucial in times of economic uncertainty.
Sources:
https://www.n-tv.de/wirtschaft/Tesla-Verkaeufe-brechen-im-April-massiv-ein-article25795118.html