Tag - volkswagen

 
 

VOLKSWAGEN

U.S. President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.
BUSINESS / Economy
Mar 6, 2025
Trump’s tariff pause cheered globally and watched closely in Tokyo
The U.S. president is delaying 25% tariffs on cars from Mexico and Canada and might consider carve-outs for agricultural imports from those countries.
John Bozzella, president of the International Organisation of Motor Vehicle Manufacturers (OICA), president and CEO of the United States-based Alliance for Automotive Innovation (Auto Innovators), speaks at the Paris Automotive Summit during the 2024 Paris Auto Show on Oct. 15, 2024.
BUSINESS / Markets
Mar 5, 2025
Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
Many in the industry warn that the tariffs will disrupt the integrated supply chain across North America that has been in place for more than 25 years.
A worker assembles electronic car keys at a manufacturing plant in Jalisco State, Mexico, on Feb. 20. The production of key fobs is an example of the benefits of the USMCA free trade agreement, which has simplified manufacturing and supply chains.
BUSINESS / Markets
Mar 3, 2025
The risks of Trump tariffs encapsulated in a car key
Electronic car keys are assembled in Mexico, but can cross borders in North America several times before being finished.
Hino Motors was charged with fraud in the U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States from 2010 through 2022 that did not meet emissions standards.
BUSINESS / Companies
Jan 16, 2025
Hino Motors reaches $1.6 billion U.S. diesel emissions settlement
Hino said it booked an extraordinary loss of ¥230 billion in its second quarter results in October to cover the expected costs of resolving the litigation.
Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, on Dec. 17.
BUSINESS / Companies
Jan 9, 2025
Germany electric vehicle sales go into reverse
Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4% fewer than in the previous year.
Workers stage a warning strike at the Volkswagen factory in Zwickau, Germany, on Dec. 2.
WORLD / Politics
Dec 16, 2024
Germany is unraveling just when Europe needs it most
Germany’s economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.
Sauber's Valtteri Bottas during a practice session for the Qatar Grand Prix. Audi will take over the Sauber team when it enters Formula One in 2026.
MORE SPORTS / Auto Racing
Nov 30, 2024
Audi's deal with Qatar deepens Formula One's Gulf ties
Four of the current 24 races are in the Middle East — more than the number held in the United States.
Employees work on assembling vehicles at a SAIC Volkswagen plant in Urumqi, in China's Xinjiang Uyghur Autonomous Region, in September 2018.
BUSINESS / Companies
Nov 27, 2024
VW confirms plans to exit controversial Xinjiang operation
The decision to free itself from the plant comes as the firm is battling to boost flagging sales in China.
A pedestrian on a bridge walks past buildings in Pudong's Lujiazui Financial District in Shanghai on Jan. 9.
BUSINESS / Companies
Nov 10, 2024
Foreign firms pull more money from China’s slowing economy
Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990, when comparable data begins.
A showroom in Budapest for electric vehicles made by BYD, a Chinese auto manufacturer, on Sept. 16
BUSINESS / Tech / ANALYSIS
Oct 7, 2024
Climate change and economics muddy West's drive to curb Chinese EVs
EU states have voted to impose tariffs on electric vehicles made in China, but experts say this complicates the push to get cleaner cars on the road.
Volkswagen expects to deliver fewer vehicles this year than in 2023 — its fourth annual sales slump in five years.
BUSINESS / Companies
Sep 30, 2024
Volkswagen’s second profit warning exposes a carmaker in decline
The company expects to deliver fewer vehicles this year than in 2023.
Volkswagen Chief Executive Officer Oliver Blume speaks at a Volkswagen media event in Beijing on April 24.
BUSINESS / Companies
Sep 4, 2024
From peace-maker to taboo-breaker, VW boss Blume takes on the unions
Volkswagen disclosed it was not only planning to scrap a 30-year old job security plan, but weighing the closure of plants in Germany.
The logo of German carmaker Volkswagen at the main plant of the group in Wolfsburg, northern Germany, in March 2022. German automotive giant Volkswagen said Monday that it could close production sites in Germany as the auto industry struggles to manage rising costs.
BUSINESS / Companies
Sep 3, 2024
Volkswagen weighs first-ever German plant closures amid EV transition woes
Profit margins at the carmaker's underperforming passenger car brand are getting squeezed amid the shift to EVs and a consumer spending slowdown.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024
Volkswagen is reeling in China. Can EVs help it grow in the U.S.?
Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
Workers assemble second-generation R1 vehicles at electric carmaker Rivian's manufacturing facility in Normal, Illinois, on Friday.
BUSINESS / Companies
Jun 26, 2024
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
The investment will provide Rivian the funding necessary to develop its less expensive and smaller R2 SUVs, and help it turn cash-flow positive.
Sen. Ron Wyden of Oregon, the chairman of the Senate Finance Committee, speaks to reporters on Capitol Hill in Washington on May 1. Wyden has been investigating links between carmakers and forced labor in China.
BUSINESS
May 21, 2024
U.S. Senate probe finds forced labor ties in automakers' imports
The report said BMW, Jaguar Land Rover and Volkswagen had used components from a Chinese supplier banned in the U.S.
The assembly line at the Volkswagen factory in Zwickau, Germany, on March 14. The factory stopped producing gasoline-powered Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.
BUSINESS / Tech
Apr 11, 2024
What happened when a German car factory went all electric?
The city of Zwickau, where more than 10,000 people work for Volkswagen and tens of thousands more for suppliers, seems to have avoided dire consequences.
Volkswagen ID.3 and Cupra Born electric cars on the production line at the company’s plant in Zwickau, Germany.
BUSINESS / Companies
Feb 21, 2024
Europe is being forced to reboot its car industry
Unless they can get strategies back on track, Europe’s automakers risk falling further behind China and Tesla
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024
Firms with deep roots in China reconsider their Xinjiang ties
Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
Volkswagen has long come under scrutiny over its factory in Urumqi in Xinjiang, which opened in 2013.
BUSINESS / Companies
Feb 15, 2024
Pressure mounts on Volkswagen to exit China's Xinjiang region
The carmaker said it was discussing the future of its activities in the region, following fresh allegations of human rights abuses.

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