News for Volkswagen AG (VOW3N.MX)

As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: Among the many losers, Elon Musk’s Tesla Inc. stands out as a clear winner. The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US, insulating it to a greater degree from Trump’s new levies on auto imports and key components.

US President Donald Trumps 25% tariffs on auto imports and key components will raise costs for several major carmakers, including Hyundai, Volkswagen, and General Motors. The tariffs are set to benefit companies like Tesla, which manufactures domestically. Ford may also face less severe impacts due to its significant domestic production.

As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not…

Job cuts are coming thick and fast from Volkswagen AG. Just since December, it’s announced plans to reduce its German workforce by 35,000 over five years, to cull 1…

Chinese companies are negotiating an additional €3 billion ($3.3 billion) of investments in Spain as the country adopts a “pragmatic approach” to relations with Bei…

The South African government is close to securing a deal to support ArcelorMittal SA with R500 million to keep its steel mills open.

Martin Büchs’ family business in small-town Bavaria has been supplying gearshift and engine-cooling systems to carmakers for more than a century.

South Africa is nearing a deal to provide funding to ArcelorMittal SA’s local unit and keep the steel mills open, which are crucial for the nation’s economy, people with knowledge of the matter said. The government plans initial support of about 500 million rand ($28 million) specifically to pay steelworkers over a period of six to eight months.

Audi AG is securing its future with a new agreement focusing on job protection, increased productivity, and a shift to electric mobility. By 2029, Audi plans to cut up to 7,500 indirect jobs while investing €8 billion in its German plants.

Discover why Volkswagen AG's strong 2024 results, strategic growth plans, and 15% projected upside make it a top automotive investment. Click for more on VWAGY.

Volkswagen AG has been wanting to build more cars in North America.

Porsche SE, Volkswagen's biggest shareholder, is not considering selling voting shares in Europe's largest carmaker.

FRANKFURT, March 16 (Reuters) - Porsche SE, Volkswagen's biggest shareholder, is not considering selling voting shares in Europe's largest carmaker, the holding...

Volkswagen is in discussions with Ecarx to incorporate the Chinese company's digital cockpit technologies in Skoda cars sold in Europe. Ecarx, already partnered with VW for markets in Brazil and India, aims to expand to developed markets. This move highlights Western automakers' efforts to utilize Chinese advancements in smart-driving technologies to maintain global market shares.

(Bloomberg Businessweek) --When second-generation car dealer Marc White learned a new Volkswagen AG electric-vehicle line was set to be produced in his home state of South Carolina, he hoped to be among the very first to start selling the cars. He approached the company, offering to build a $10 million showroom on a prime piece of local property at his own expense to showcase the models—and was turned down flat.

Companies in the US, including Novo Nordisk, Boeing and Shein, are forming task forces to address the impact of Donald Trump’s tariffs, which could reshape the domestic economy and affect global trade dynamics.

Prospective chancellor’s legacy already hangs in the balance as spending push gets underway.

Companies like Novo Nordisk, Boeing, and Walmart are preparing for the impacts of President Donald Trumps tariffs. Executives are assessing the potential costs and strategising responses, with some firms planning to increase U.S. production. However, the tariffs' effects are uncertain, causing supply chain concerns and potential price increases for consumers.

Ozempic-maker Novo Nordisk A/S is planning to make more of its medicines for the US market in the country; Boeing Co. risks a gummed up supply chain and higher airc…