Keywords: Volkswagen
Skoda Auto unveiled the new Skoda Epiq in Zurich on Tuesday, introducing its most affordable electric vehicle and the smallest SUV in its battery powered lineup. The compact crossover is positioned below the Skoda Elroq and Skoda Enyaq, targeting urban drivers and first time electric vehicle buyers with......
The Franco-German defence company KNDS is reportedly in discussions to take over industrial facilities owned by major German carmakers, as the defence sector seeks to expand production capacity. According to media reports, KNDS is in talks with Mercedes-Benz Group regarding the possible acquisition......
Volkswagen is preparing to introduce the ID. Polo GTI, the first fully electric model to carry the iconic GTI badge, during the Nürburgring 24 Hours weekend in Germany. The unveiling coincides with the 50th anniversary of the original Golf GTI, a model that transformed the compact performance car......
Volkswagen executives said the company’s software partnership with Rivian is advancing on schedule, marking a major step in the German automaker’s effort to modernize its electric vehicle technology and streamline future vehicle platforms. Thomas Schäfer, chief executive of the Volkswagen......
Porsche AG announced plans to close three subsidiaries and eliminate more than 500 jobs as part of a major strategic restructuring aimed at refocusing the luxury car manufacturer on its core automotive business. The decision was approved by the company’s executive board and supervisory board amid......
Tariffs are expected to reduce annual operating profit at German automotive group Volkswagen AG by around €5 billion ($5.9 billion), according to CEO Oliver Blume. Speaking at an event in Barcelona, Blume said the measures represent a significant financial burden for the company, which remains......
German automaker Audi is moving forward with plans to launch its flagship SUV, the Q9, in the United States market this summer. The decision comes despite uncertainty surrounding potential increases in tariffs on European automotive imports. Tariff concerns Loom The possible rise in tariffs—reportedly......
Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
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