The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
Category: Volkswagen AG
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Tesla Begins Limited Robotaxi Service in Austin
The vehicles will have safety monitors and may not operate in bad weather, making them more restricted than the fully autonomous vehicles promised by Elon Musk.
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Tesla’s Robotaxi, Long Promised by Elon Musk, Joins a Crowded Field
Mr. Musk says the driverless taxis could begin ferrying passengers on Sunday in Austin, Texas, where other companies already have similar cars on the road.
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BYD and Other Chinese Carmakers Expand Sales in Europe Despite Tariffs
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
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Trump’s Tariffs Turn Porsche’s Headwinds Into a ‘Violent Storm’
The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.
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Four Former VW Managers Found Guilty in Emissions Trial
The men were accused of conspiring to conceal excess diesel emissions from regulators, helping to provoke a costly scandal.
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Germany Has a Long History of U.S. Investment. That May Be Changing.
German companies invest more than three times as much in the United States as American companies do in Germany, but they are starting to rethink that strategy.
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Car Prices Expected to Rise as Tariffs on Parts Kick In
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
Faced with tariffs introduced by President Trump on cars, steel and aluminum, Europe’s carmakers are pessimistic about the future.
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Volkswagen will add an ‘import fee’ to cars sold in the U.S.
The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.
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Trump’s Tariffs Pose a New Threat for Germany’s Stagnant Economy
President Trump’s trade war adds another challenge to the incoming government’s attempts to revive Europe’s biggest economy.
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Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.