Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
BERLIN – Volkswagen’s CEO indicated in comments published Sunday that he’s trying to avoid closing plants as he…
Volkswagen says tariffs cost $5.9 billion annually, CEO warns
Volkswagen AG has warned that tariffs are significantly impacting its profitability, with Chief Executive Oliver Blume estimating an…
EU launches 1st formal review of Chinese EV tariffs after VW Anhui’s submission
The EU has for the first time launched a formal review of a price undertaking offer from a…
Achtung! Germany’s Mercedes, Porsche stung by Trump’s auto tariffs
German luxury stalwarts Mercedes-Benz (MBGAF) and Porsche (P911.DE) usually count on the US for a sizable portion of…