Volkswagen, facing the impact of tariffs on imported vehicles, is reportedly planning to introduce an “import fee” on its tariff-hit cars, according to the Wall Street Journal. This move highlights the direct impact of tariffs on consumers and the strategies companies are employing to manage these increased costs.
The added fee is intended to make completely transparent the additional cost incurred due to the tariffs imposed on imported vehicles. By clearly labeling this increase as a separate line item, Volkswagen aims to shift the burden of explanation and responsibility onto the entities imposing these tariffs, and allow consumers to see exactly how much more they are paying.… Continue reading
Volkswagen CEO Oliver Blume stated the company is open to exploring the production of military equipment, driven by Germany’s rearmament efforts and spurred by decreased car exports. This consideration stems from the current geopolitical climate and available factory capacity resulting from reduced car sales and intense competition from China. Economists suggest this could offer a new revenue stream for struggling automakers. While VW hasn’t received any formal requests, Blume confirmed a willingness to assess any proposals for military vehicle production.
Read More
Facing intense competition from China and high manufacturing costs, Volkswagen CEO Oliver Blume announced necessary cost-cutting measures to secure the company’s future, including potential plant closures and job cuts. This announcement was met with significant backlash from approximately 20,000 workers at the Wolfsburg plant, resulting in widespread boos and walkouts by approximately 100,000 union members. Blume emphasized the need for decisive action in a rapidly changing market, highlighting the immense price pressure and the urgency of the situation. The tense situation underscores the challenges facing European automakers in a competitive global landscape.
Read More
Matt Underwood 
John Q. Hosedrinker