Europe’s beleaguered automakers are also affected by high tariffs on imports from Mexico and Canada. Shares in Volkswagen, Mercedes-Benz and BMW all dropped early Tuesday, echoing the declines in U.S.
Good morning. Global bonds follow German bunds lower. Automakers get a one-month reprieve from Trump’s tariffs on Mexico and Canada. And Volkswagen unveils an affordable electric compact car with an unusual name.
Volkswagen expects its vehicles produced in North America to be exempt from the 25% tariffs the Trump administration has imposed on imports from Mexico and Canada, but other automakers, including BMW,
Last week, it was announced that President Donald Trump's new 25% tariffs on Mexico and Canada would exempt vehicles that comply with the USCMA trade deal. German carmaking giant Volkswagen told CNBC that its operations meant it would be exempt from the levies.
A 25% import tariff on goods from Mexico and Canada is now in effect, including autos and auto parts, with UBS telling investors in a research
"Volkswagen Group is the most exposed carmaker to the tariffs on Mexico," JATO Global Analyst Felipe Munoz told InsideEVs. That's a concern in and of itself. It will be incredibly
Volkswagen said on Thursday that its vehicles made in North America will likely avoid being subject to the 25% tariffs U.S. President Donald Trump has imposed on imports from Mexico and Canada, but other carmakers,
Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen's truck unit said during a post-earnings call on Monday.
Stellantis NV and Volkswagen AG are highly exposed to US President Donald Trump’s new tariffs on vehicles imported from Mexico and Canada, with Bloomberg Intelligence estimating the levies could wipe out €5.
Volkswagen faces major setbacks as former U.S. President Donald Trump’s new 25% tariffs on Canadian and Mexican imports disrupt its supply chain. Nearly half of U.S. sales last year came from Mexico,
Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S.
The shift is “a direct result of President Trump’s commitment to put the American worker first and improve American competitiveness,” the White House said on Monday.