VW takes 1.3-b-euro hit from Trump tariffs
German auto giant Volkswagen said Friday that tariffs imposed by US president Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit.
German auto giant Volkswagen said Friday that tariffs imposed by US president Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit.
Volkswagen and its Chinese partner SAIC have shuttered production at a plant in China due to slowing demand for internal combustion engine cars, a Volkswagen spokesman told AFP Friday.
Europe’s largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of president Donald Trump’s drastic trade measures...
A German court on Monday convicted and handed prison sentences, some suspended, to four former Volkswagen managers over their part in the ‘dieselgate’ emissions-cheating scandal, Bloomberg reported...
Volkswagen could relocate some production of its high-end Audi line to dodge US tariffs on automobiles ordered by president Donald Trump, the German carmaker’s CEO said in an interview released Friday...
Volkswagen vehicle deliveries fell 1.4 per cent year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China.
Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
Thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories...
Workers at German factories for carmaker Volkswagen are to go on strike from today over plans to cut thousands of jobs, union IG Metall said at the weekend...
Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday.
German automotive giant Volkswagen said Monday it could close production sites in Germany, as the auto industry struggles to manage rising costs...
German automaker Volkswagen pledged Thursday to focus on cutting costs following a drop in second-quarter profits as the group grappled with lower demand in China and restructuring expenses...
Volkswagen workers in Tennessee voted decisively to become a union shop, according to election results released Friday, marking the first victory for...