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Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns

Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns

STOCKHOLM, (Reuters) – Automakers transporting their cars to the U.S. could face $200 to $300 per vehicle in additional costs, the CEO of car carrier Wallenius Wilhelmsen told Reuters on Wednesday, as the company seeks to pass on new U.S. port fees to customers.

Higher-than-expected U.S. port fees on foreign-built ships took effect in mid-October as part of a trade dispute between China and the U.S. That prompted Wallenius Wilhelmsen, which operates “roll-on/roll-off” carriers that ship cars and heavy machinery worldwide, to withdraw its financial outlook. Continue reading “Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns”

EU plans December announcement to make small EVs more affordable, Sejourne says

EU plans December announcement to make small EVs more affordable, Sejourne says

PARIS, (Reuters) – The European Commission aims to announce the creation of a new category of affordable small electric cars in December in an effort to counter Chinese competition and revive the European market, an EU commissioner said on Tuesday.

WHY IT’S IMPORTANT

The Commission has been working on creating an intermediate category between quadricycles that weigh a few hundred kilograms and all other cars, so that small electric vehicles no longer have to include as much safety equipment and technology as a large saloon car. So far, the timeline of such a reform was uncertain. Continue reading “EU plans December announcement to make small EVs more affordable, Sejourne says”

Rivian rides on EV tax-credit rush to beat revenue estimate, expects lower tariff costs

Rivian rides on EV tax-credit rush to beat revenue estimate, expects lower tariff costs

Summary

  • Rivian’s Q3 revenue boosted by pre-expiry EV tax incentive rush
  • Adjusted net loss smaller than analyst expectations
  • Rivian expects tariff costs to fall to a few hundred dollars per vehicle

(Reuters) – Rivian Automotive surpassed third-quarter revenue expectations on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry.

Shares of the Irvine, California-based company rose more than 4% after the bell. Continue reading “Rivian rides on EV tax-credit rush to beat revenue estimate, expects lower tariff costs”

Tesla’s UK car sales halve in October, New Automotive data shows

Tesla’s UK car sales halve in October, New Automotive data shows

(Reuters) – Tesla’s UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries.

There were only 495 new Tesla UK registrations in the month, down 51% from the 1,013 registrations last year, the data showed. Continue reading “Tesla’s UK car sales halve in October, New Automotive data shows”

Exclusive: Nissan to cut Rogue production in Japan over Nexperia fallout, source says

Exclusive: Nissan to cut Rogue production in Japan over Nexperia fallout, source says

Summary

  • Nissan to cut Rogue output by 900 cars next week, source says
  • Automaker reviewing output plans for following week, source says
  • Nissan plans small-scale adjustment for Kyushu, Oppama plants
  • Chip shortage stems from Dutch control of China-owned Nexperia

TOKYO, (Reuters) – Nissan Motor will cut production of its top-selling Rogue SUV in Japan from next week due to a short supply of chips from Dutch firm Nexperia, according to a person familiar with the matter, the latest fallout from the diplomatic turmoil involving the chipmaker. Continue reading “Exclusive: Nissan to cut Rogue production in Japan over Nexperia fallout, source says”

Norwegian opposition complicates Musk’s path to $1 trillion pay deal

Norwegian opposition complicates Musk’s path to $1 trillion pay deal

Summary

  • Norwegian fund opposes Tesla’s general stock compensation plan
  • Proxy advisers urge rejection of Musk’s compensation plan
  • Musk’s pay package likely to pass despite opposition

OSLO / BOSTON, (Reuters) – Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Continue reading “Norwegian opposition complicates Musk’s path to $1 trillion pay deal”

Stellantis recalls 375,000 Jeep SUVs over fire risks, urges owners to park outside

Stellantis recalls 375,000 Jeep SUVs over fire risks, urges owners to park outside

WASHINGTON, (Reuters) – Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed.

The recall covers some 2020 through 2025 Jeep Wrangler 4xe and 2022-2026 Jeep Grand Cherokee 4xe SUVs. Continue reading “Stellantis recalls 375,000 Jeep SUVs over fire risks, urges owners to park outside”

China-based company kicks off trial production of flying cars, ahead of Tesla

China-based company kicks off trial production of flying cars, ahead of Tesla

Source : PTI | A Chinese firm this week began trial production of flying cars stated to be the next-generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly.

Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world’s first intelligent factory for mass-produced flying cars — a milestone in the commercialisation of next-generation transport.

Continue reading “China-based company kicks off trial production of flying cars, ahead of Tesla”

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. Continue reading “Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors”

BESCOM to install EV charging stations along national and state highways in Karnataka

BESCOM to install EV charging stations along national and state highways in Karnataka

Source : PTI | The Energy Department of Karnataka through the state-owned BESCOM is aiming to make long highway drives in electric vehicles hassle-free in the state with the proposed installation of charging points.

It is installing charging stations along the Bengaluru-Belagavi National Highway (NH-48) and at 40 other toll points across the state, energy department officials said on Tuesday. Continue reading “BESCOM to install EV charging stations along national and state highways in Karnataka”

Honda Cars India domestic sales up 15.3% to 6,394 units in October

Honda Cars India domestic sales up 15.3% to 6,394 units in October

Source : PTI | Honda Cars India Ltd on Saturday reported a 15.3 per cent increase in domestic sales at 6,394 units in October as compared to 5,546 units in the same month last year.

The company also exported 4,124 units, bringing its total sales to 10,518 units for the month, Honda Cars India Ltd (HCIL) said in a statement. Continue reading “Honda Cars India domestic sales up 15.3% to 6,394 units in October”

Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks

Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks

Source : PTI | More than 250 vehicles were returned from Delhi’s borders on Saturday as a ban on the entry of commercial goods vehicles not registered here and compliant with BS-III or lower emission standards came into force in the national capital.

Transport department and traffic police teams have been deployed at Delhi’s borders.

According to official data from the Delhi Traffic Police, 5,325 non-destined vehicles were checked and 256 of those turned back. Continue reading “Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks”

Festive season drives petrol sales but diesel lag

Festive season drives petrol sales but diesel lag

Source : PTI | India’s petrol sales surged to a five-month high in October on festive travel boost, but diesel consumption remained flattish, defying the trend, according to preliminary industry data.

Petrol consumption rose 7 per cent year-on-year to 3.65 million tonnes in October, as the onset of festival season increased demand for the fuel. The sales were higher month-on-month as well when compared to 3.4 million tonnes in September.

Continue reading “Festive season drives petrol sales but diesel lag”

Highways Ministry to penalise contractors for repeat accidents on NH stretches

Highways Ministry to penalise contractors for repeat accidents on NH stretches

Source : PTI | To prevent road accidents and fatalities, the highways ministry has decided to penalise contractors if more than one accident happens in a year on a particular stretch of National Highways, built under the build-operate-transfer (BOT) model, a senior government official said on Sunday.

Road Transport and Highways Secretary V Umashankar said the highways ministry has revised the BOT document, and now contractors will have to undertake crash management and take corrective steps if more than one accident happens in a particular period on a highway stretch built by them under the BOT model.

Continue reading “Highways Ministry to penalise contractors for repeat accidents on NH stretches”

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors

Source : PTI | Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. Continue reading “Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors”

Renault in talks with automakers including Chery after Brazil deal with Geely

Renault in talks with automakers including Chery after Brazil deal with Geely

PARIS/SHANGHAI, (Reuters) – Renault is in talks with more automakers including China’s Chery to explore partnerships to jointly produce and sell cars, a top executive said.

Fabrice Cambolive, Renault Group’s chief growth officer, told reporters on Friday about the talks while announcing the completion on Monday of a deal in Brazil with China’s Geely.

The move underscores how Renault has been increasingly partnering with other automakers, especially Chinese ones, in global markets to improve the efficiency of its factories worldwide and enhance product competitiveness. Continue reading “Renault in talks with automakers including Chery after Brazil deal with Geely”

Tesla sales resume fall in European markets in October

Tesla sales resume fall in European markets in October

Summary

  • Tesla sales rise around 2.4% in France in October
  • Drop in Norway after rising for several months
  • Tesla outsold by Chinese brands in Denmark and Spain

LONDON, (Reuters) – Tesla’s sales plunged in October in a number of European countries including Spain, the Netherlands and Nordic markets in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue.

Tesla had seen sales rise in a number of European markets in September, after falling for most of this year due to increasing competition to its ageing lineup from newer EV models. Continue reading “Tesla sales resume fall in European markets in October”

Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar

Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar

SEOUL, (Reuters) – South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion).

Samsung SDI shares soared more than 8% on the news.

A deal would mark the latest push by Tesla to reduce reliance on China for key parts, fueled by tariffs and geopolitical tensions. Continue reading “Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar”

Ford’s US October sales rise on demand for pickup trucks despite EV decline

Ford’s US October sales rise on demand for pickup trucks despite EV decline

(Reuters) – Ford on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.

U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third quarter. Continue reading “Ford’s US October sales rise on demand for pickup trucks despite EV decline”

Canada says it is launching dispute settlement proceedings against Stellantis

Canada says it is launching dispute settlement proceedings against Stellantis

OTTAWA, (Reuters) – Canada is launching dispute settlement proceedings against auto manufacturer Stellantis over its decision to shift production from a Canadian plant to one in the United States, Industry Minister Melanie Joly said on Monday.

Stellantis said last month it would to move its Jeep Compass production from the Ontario city of Brampton to the U.S., prompting a threat of legal action from Canada. Continue reading “Canada says it is launching dispute settlement proceedings against Stellantis”

Price-fixing lawsuits mount against US fire truck manufacturers

Price-fixing lawsuits mount against US fire truck manufacturers

(Reuters) – Oshkosh and two other fire truck manufacturers are facing a growing number of lawsuits alleging they took part in a nationwide price-fixing scheme that caused local and municipal fire departments to pay inflated prices for emergency vehicles.

Newstead Fire Company, based in western New York, lodged the latest case on Friday in federal court in Wisconsin, where two other proposed class actions are already pending. Continue reading “Price-fixing lawsuits mount against US fire truck manufacturers”

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World Auto Forum (WAF) – Privacy Policy

World Auto Forum (WAF) – Privacy Policy

World Auto Forum (WAF) is owned and operated by WAF Garage Ventures Pvt. Ltd. The trademark “World Auto Forum” is owned by Anuj Guglani.
This Privacy Policy explains how WAF collects, uses, shares, and protects your personal information when you use our websites, software, and related services (“Services”).

By using WAF Services, you agree to the terms of this Privacy Policy.


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We collect and use the following types of information to provide, improve, protect, and promote our Services:

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When you sign up for a WAF account or upgrade to a paid plan, we collect information such as your name, email address, and any other details you provide.

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EVs put an end to China’s usual holiday surge in gasoline use

EVs put an end to China’s usual holiday surge in gasoline use

BEIJING, (Reuters) – Tianyu Jiang took a 2,000-km (1,200-mile) road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time.

“I used to drive a petrol car and had never taken an EV for such a big trip, but long-distance driving for an EV doesn’t feel like a problem anymore,” Jiang said. Continue reading “EVs put an end to China’s usual holiday surge in gasoline use”

Hyundai Motor keen to take part in Indonesian national car plan, ministry says

Hyundai Motor keen to take part in Indonesian national car plan, ministry says

JAKARTA, (Reuters) – South Korea’s Hyundai Motor is interested in participating in Indonesia’s plan to develop its own national car, Indonesia’s economic ministry said on Friday.

Indonesian President Prabowo Subianto said on October 20 that Indonesia was planning to fully manufacture its own national car in the next three years, with a budget already allocated and land prepared for the factories. Continue reading “Hyundai Motor keen to take part in Indonesian national car plan, ministry says”

Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions

Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions

Summary

  • Nexperia suspends wafer shipments, citing lack of payment
  • Automakers alarmed over possible impact on production
  • Nexperia seeking alternative solutions to keep customers supplied

BEIJING/TAIPEI, (Reuters) – Dutch chipmaker Nexperia has suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers that was reviewed by Reuters, which could exacerbate a supply squeeze that is worrying automakers worldwide.

The letter, dated October 29 and signed by Nexperia interim CEO Stefan Tilger, said the October 26 suspension affecting its plant in Dongguan, in southern China’s Guangdong province, was “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms.” Continue reading “Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions”

Toyota does not face immediate chip shortage from Nexperia, CEO says

Toyota does not face immediate chip shortage from Nexperia, CEO says

TOKYO, (Reuters) – Toyota Motor does not face an immediate chip shortage from recent Chinese export restrictions related to chipmaker Nexperia, even as the Japanese automaker is carefully watching risks to production, Chief Executive Koji Sato said.

“I do think there’s some risk, but it’s not like we’re facing shortages tomorrow,” Sato told reporters at the Japan Mobility Show in Tokyo on Wednesday afternoon. Continue reading “Toyota does not face immediate chip shortage from Nexperia, CEO says”

Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids

Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids

SAO PAULO, (Reuters) – Volkswagen said on Friday it has secured 2.3 billion reais ($425.62 million) in credit lines from Brazil’s state development bank BNDES to boost the development of hybrid vehicles and expand exports from its Brazilian operations.

The company said that the funds will be used to support its plan to offer hybrid versions of all new vehicles developed and manufactured in South America starting in 2026. Continue reading “Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids”

Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says

Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says

MILAN, (Reuters) – Stellantis has set up a “war room” to address possible chip shortages stemming from issues at Dutch group Nexperia linked to the U.S.-China trade war, the automaker’s CEO said on Thursday.

“We are monitoring day-by-day the chip situation from Nexperia,” Chief Executive Antonio Filosa told analysts in a call to discuss third quarter performance. Continue reading “Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says”

Ford to make new engines in India with $370 million investment, Bloomberg News reports

Ford to make new engines in India with $370 million investment, Bloomberg News reports

(Reuters) – Ford is planning to invest about 32.50 billion Indian rupees ($369.76 million) in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The report said the Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu would be retooled to make high-end engines for export markets with an annual capacity of over 200,000 units. Continue reading “Ford to make new engines in India with $370 million investment, Bloomberg News reports”

Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet

Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet

Source : PTI | Jio-bp on Thursday announced the launch of an integrated mobility hub with 28 EV charging points within a retail outlet at Devanahalli in Bengaluru.

The Devanahalli outlet with a multi-fuel retail site offering petrol, diesel, CNG, and a wildbean cafe now adds an EV charging hub, featuring superfast DC chargers with 28 charging points dispensing up to 360kW, Jio-bp said. Continue reading “Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet”

China grants licences to Indian companies to import rare earth magnets

China grants licences to Indian companies to import rare earth magnets

Source : PTI | China has granted licences to certain Indian companies to import rare earth magnets, the Ministry of External Affairs (MEA) said on Thursday.

China’s decision to ease restrictions on supply of rare earth minerals to India came amid efforts by the two sides to normalise the bilateral ties that came under severe strain following the over four-year military face-off along the LAC in eastern Ladakh.

Continue reading “China grants licences to Indian companies to import rare earth magnets”

All MG Cars in India to Come Equipped with PM 2.5 Filters

All MG Cars in India to Come Equipped with PM 2.5 Filters

by WAF Auto News

New Delhi, October 30, 2025 – MG Motor India today announced that all its vehicle models will now come equipped with PM 2.5 cabin air filters as standard, reinforcing the company’s commitment to customer health and environmental sustainability.

The announcement comes amid rising air pollution levels across major Indian cities. The inclusion of PM 2.5 filters aims to significantly improve in-cabin air quality by removing fine particulate matter, dust, smoke, and pollutants smaller than 2.5 micrometers — known to be hazardous to human health.

An MG Motor India spokesperson said, “Our customers’ well-being is at the core of every innovation we introduce. With PM 2.5 filters now standard across our lineup, we aim to ensure a cleaner and safer driving experience for all MG owners, regardless of model or segment.”

Continue reading “All MG Cars in India to Come Equipped with PM 2.5 Filters”

NHTSA opens probe into 583,600 Honda vehicles over safety issues

NHTSA opens probe into 583,600 Honda vehicles over safety issues

(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) has launched separate investigations into about 583,600 Honda vehicles over potential defects involving rear seatbelt warnings and inadvertent airbag deployments.

The regulator is examining 142,600 units of the 2023-2024 Honda Pilot SUV for a possible malfunction in the rear seatbelt warning system, which may incorrectly alert drivers about passenger seatbelt usage. Continue reading “NHTSA opens probe into 583,600 Honda vehicles over safety issues”

BorgWarner beats third-quarter profit estimates on turbo, powertrain demand

BorgWarner beats third-quarter profit estimates on turbo, powertrain demand

(Reuters) – Auto parts supplier BorgWarner topped analysts’ expectations for third-quarter profit on Thursday, aided by strong demand for its turbochargers and powertrains.

Shares of the company, which counts Ford and Volkswagen as customers, were up about 2.5% in premarket trading.

The Trump administration’s sweeping tariffs initially hurt suppliers such as BorgWarner, which employed cost-saving measures to cushion the blow, but demand for efficient turbochargers and powertrains has remained steady from automakers continuing to ramp up production. Continue reading “BorgWarner beats third-quarter profit estimates on turbo, powertrain demand”

Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks

Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks

TOKYO, (Reuters) – Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) in annual operating losses due to the impact of U.S. tariffs and warned that supply chain risks would be the biggest headwind in its fiscal second half.

The automaker expected the hit from tariffs would be 25 billion yen smaller in the second half of the fiscal year to March 2026, as Japan reached a trade deal with the U.S. that has lowered levies on Japanese cars to 15%. Continue reading “Nissan expects $1.8 bln annual operating loss, concerned about supply chain risks”

Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook

Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook

Summary

  • Company reiterates H2 guidance but shares fall
  • Charges expected from hybrid shift and warranty extensions
  • Semiconductor crunch looms for industry
  • Revenues up 13% in Q3, first growth in 7 quarters

MILAN, (Reuters) – Automaker Stellantis warned about upcoming charges on Thursday related to changes in regulation, its strategy and product plans, stirring investor concerns about its outlook and knocking the Jeep maker’s shares down by as much as 6.5%.

The Franco-Italian company reported a 13% rise in third-quarter revenue, its first top-line growth after seven quarters, and reiterated its forecasts for higher revenue, improving cash flow and low-single digit margins in the second half. Continue reading “Jeep maker Stellantis disappoints investors as charges, supply risks cloud outlook”

Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges

Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges

Summary

  • Toyota to launch 15 new and refreshed models in India by 2030
  • New model line-up to include 2 SUVs and a pickup truck, source says
  • Deepening its rural network is a key part of Toyota’s strategy
  • Toyota has said it plans to invest $3 billion to expand India production

TOKYO, (Reuters) – Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its rural network, sources said, as record profits in the country make the market increasingly important.

Battered by stiff local competition in China, several global automakers have set their sights on India as a market worthy of heavy investment, especially given surging economic growth that has averaged 8% over the past three fiscal years. Continue reading “Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges”

Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes

Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes

Summary

  • Tariff hit at up to 5 billion euros in 2025
  • Q3 operating loss 1.3 billion euros
  • Shares down 1%
  • Porsche’s strategy reversal adds 4.7 billion euros in charges
  • Volkswagen maintains guidance despite chip supply concerns

BERLIN, (Reuters) – An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.5 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.

Volkswagen booked 4.7 billion euros in charges due to Porsche’s strategy reversal on electric vehicles announced in September, while U.S. import tariffs and subsequent lower sales were expected to cost Europe’s biggest carmaker up to 5 billion euros this year, the company said on Thursday. Continue reading “Volkswagen skids into the red on $5.8 billion US tariff hit, Porsche woes”