German carmaker Porsche announced on Friday the sale of its stakes in sports car manufacturer Bugatti Rimac to a consortium led by a US fund founded by the Egyptian billionaire Sawiris family.
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While Volkswagen has manufacturiring facilities in the United States, it still imports many vehicles into the US market
Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President D…
Volkswagen says profits have already taken a hit from US tariffs on cars
German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged d…
German car manufacturers would be particularly affected since they export most of their high-end models to the United States
US tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and Mercedes.
The 3,000 jobs to be cut by the end of next year come on top of 7,150 that are due to go by the end of this year
German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country…
The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China