Trump, EU announce trade deal
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The writer is the chief financial officer and chief operating officer of Volkswagen Group. Europe’s automakers face mounting problems. For over a decade, an industry historicall
German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.
Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker's first assessment of the damage from U.
While the 15% tariff agreed between Trump and European Commission President Ursula von der Leyen on Sunday is an improvement, it is six times as much as the 2.5% enjoyed by exporters before Trump's trade war.
Volkswagen Group models dominated Germany’s electric car sales, taking eight of the top ten best-selling EVs in the first
Europe's largest car manufacturer Volkswagen is hoping investment commitments can help it negotiate further concessions on U.S. tariffs once Washington and the European Union strike a broad trade deal,
President Trump’s auto tariffs have riddled Volkswagen, which said it was hit with a $1.5 billion profit dent after the onset of the new U.S. trade policies. Volkswagen said the “decline in
Volkswagen reported a US$1.5-billion first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the carmaker’s first assessment.
Skoda Auto, a Volkswagen unit, increased the share of electric vehicles in its sales mix in the first half of the year and posted a nearly 12% rise in operating profit to 1.3 billion euros ($1.52 billion),
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