Oliver Blume – Charm

EU launches 1st formal review of Chinese EV tariffs after VW Anhui’s submission

2 days ago02 mins

The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…

tariffs have cost group billions so far

Cs news3 months ago02 mins

MUNICH (Reuters) -U.S. tariffs have cost Volkswagen, Europe’s largest carmaker, billions of euros so far, its chief executive said on Monday, adding that its key brand Porsche was being squeezed in a “sandwich” of duties and a weak Chinese market. “Up to now, it’s several billion euros on our balance sheet that this situation costs…