Volkswagen Group (XETRA:VOW) is planning to slap an "import fee" to the stickers on imported cars affected by new 25% US tariffs. The German car manufacturer has also temporarily halted rail deliveries from Mexico and vehicles about to be shipped from Europe, the Wall Street Journal reported.
Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.
VWAGY collaborates with Valeo and Mobileye to enhance its ADAS technology to Level 2+ for its upcoming vehicle lineup based on the MQB platform.
Volkswagen (VWAP.Y -2.31%) has made another big move in autonomy, this time choosing Mobileye (MBLY -3.02%) to make its Level 2+ autonomous driving systems for future vehicles. The companies are already working together on fully autonomous cars, and Travis Hoium explains why this is a big win for Mobileye.
Mobileye's collaboration with Volkswagen eases doubts about Surround ADAS, but its financial impact will be fairly modest. Upside remains more dependent on SuperVision and Chauffer adoption, and there have been no updates on this front. While tariffs are likely to be a headwind, Mobileye's 2025 guidance is conservative, meaning revenue growth should still be expected, absent large changes in China.
Porsche SE , Volkswagen's largest shareholder, reported a net loss after tax of 20 billion euros ($21.57 billion) in 2024, in line with its forecast, because of impairments on its holding of Europe's top carmaker.
Annette Weisbach reports from Volkswagen's headquarters, where she speaks to Arno Antlitz, CFO of Volkswagen.
German autos giant Volkswagen is facing mounting challenges that could reshape its future. As Trump threatens steep tariffs on EU car imports, VW's profits are at risk.
Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group , as well as rivals from China, data by research platform JATO Dynamics showed on Monday.
Volkswagen said on Wednesday it sold a stake in commercial vehicle manufacturer Traton for 360 million euros ($393 million) or 32.75 euros per share.
Bentley on Wednesday posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing "value over volume" with revenue per car up 10% versus 2023.
Volkswagen intends to sell up to 11 million shares in commercial vehicle manufacturer Traton , the German carmaker said on Tuesday, representing up to a 2.2% stake worth about 391 million euros ($427.87 million) at Tuesday's closing price.