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…
UPDATE: As the effects of the Trump administration tariffs ripple through different industries, automaker Audi is reportedly considering building a “twin” plant in Chattanooga, according to German business journal Handelsblatt. Volkswagen Chattanooga is said to be the favored location, since the current facility has been operational for more than 13 years and could reduce the…
By Rachel More BERLIN (Reuters) -Volkswagen’s embattled luxury brand Porsche cut its full-year profitability target on Wednesday after the EU’s trade deal with U.S. President Donald Trump and reported a 400-million-euro ($462 million) hit from tariffs in the first half. The burden of tariffs on car imports to the United States only added to Porsche’s…
In 1988, Gates purchased the Porsche 959 ‘Komfort’—a marvel of its time, boasting a 2.85-liter twin-turbo flat-six engine, electronically adjustable suspension, and a top speed of 200 mph. It was the fastest street-legal production car of its era and an automotive dream for enthusiasts worldwide. Gates, an avowed car lover, couldn’t resist the allure of…
A few weeks ago, I was bound to crutches after fracturing the neck of my femur while running a half-marathon with Image’s fashion director at large, Keyla Marquez. This happened right before Paris Fashion Week for the men’s spring/summer 2026 season, which we both had plans to attend, and I was left with two options:…