VW brand not taking pre-emptive action on US tariffs CEO says forming "back-up, long-term plans" Auto industry exposed to tariffs on Mexico, Canada BMW says it will take on cost of tariffs BERLIN ...

Julian Stratenschulte/dpa German auto giant Volkswagen posted a steep drop in profit last year due to fierce competition in China, one of its most important markets, and high restructuring costs.

including VW Passenger Cars, Skoda, SEAT/CUPRA and Commercial Vehicles, reported a 4.3% drop in their operating results on Thursday as the carmaker undergoes a restructuring to cut costs.

German auto giant Volkswagen said today its net profit nosedived last year, as Europe’s largest carmaker struggled with high production costs and fierce Chinese competition. At €12.4 billion ...

Wolfsburg, Germany — Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an ...

Volkswagen's core brands, including VW Passenger Cars, Skoda, SEAT/CUPRA and Commercial Vehicles, reported a 4.3% drop in their operating results on Thursday as the carmaker undergoes a restructuring ...

BERLIN (Reuters) -Volkswagen is working on back-up plans for how its passenger car brand could tackle U.S. tariffs on imports from Mexico, while BMW is preparing to absorb the cost, as the auto ...

Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and ...

Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and ...

As it seeks to plot a way forward, finance chief Arno Antlitz vowed Volkswagen would focus on "consistently reducing costs and increasing profitability". "We need to build more cars with fewer ...