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Why Volkswagen, BMW, and Other European Auto Stocks Fell on Trump’s EU Trade Deal
The U.S. and Europe have a new trade deal that includes 15% import tariffs on many European goods, including cars. That is good news for the European auto industry, but investors didn’t react happily in Monday trading.
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 ...
Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit ...
European stock markets began the final session of the week on a decidedly negative note, with the regional Stoxx 600 index ...
While the 15% tariff agreed between Trump and European Commission President Ursula von der Leyen on Sunday is an improvement, ...
The German automaker said U.S. import duties erased about $1.5 billion from its profit in the first half of the year, and it ...
President Trump’s auto tariffs have riddled Volkswagen, which said it was hit with a $1.5 billion profit dent after the onset ...
Skoda Auto, a Volkswagen unit, increased the share of electric vehicles in its sales mix in the first half of the year and ...
The U.S. and European Union agreed to a deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to ...
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