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Keywords: Volkswagen
Porsche AG announced plans to close three subsidiaries and eliminate more than 500 jobs as part of a major strategic restructuring aimed at refocusing the luxury car manufacturer on its core automotive business. The decision was approved by the company’s executive board and supervisory board amid......
Tariffs are expected to reduce annual operating profit at German automotive group Volkswagen AG by around €5 billion ($5.9 billion), according to CEO Oliver Blume. Speaking at an event in Barcelona, Blume said the measures represent a significant financial burden for the company, which remains......
German automaker Audi is moving forward with plans to launch its flagship SUV, the Q9, in the United States market this summer. The decision comes despite uncertainty surrounding potential increases in tariffs on European automotive imports. Tariff concerns Loom The possible rise in tariffs—reportedly......
Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
A woman from Pas-de-Calais, France, has found herself in a distressing legal and financial situation after being forced to pay around €1,800 in traffic fines linked to a car she no longer had access to. The case involves Christel, who purchased a Volkswagen Tiguan in November 2023. After a breakdown......
Volkswagen has introduced two new electric vehicles developed in China as global automakers prepare for Auto China 2026, where domestic brands are expected to intensify competition in the premium segment. The move reflects a broader shift in the world’s largest auto market, where Chinese manufacturers......
Volkswagen Group has outlined a new technology roadmap centered on “Agentic AI for All,” aiming to integrate advanced artificial intelligence agents into vehicles built for the Chinese market starting in the second half of 2026. The announcement was made at a press event in Beijing ahead......
Volkswagen is bracing for a potential downturn in the world’s largest auto market, with its China chief warning that passenger car sales could decline for the first time since 2018. Ralf Brandstätter said even flat sales would represent the best-case scenario for 2026, following about 24 million......