mercedesbenz
Germany could be trying to stop the European Union from putting increased tariffs on Chinese electric vehicles (EVs), that are reportedly due to come into force on 4 July, or at the very least, water them down. The European Union has recently revealed that it could implement tariffs of up to 38.1% on Chinese EV makers. This is following an investigation launched by the EU into several manufacturers, following claims that the Chinese government had heavily subsidised them. This allowed the manufacturers to sell their vehicles at vastly reduced prices in the EU. Chinese EV manufacturers such as ...
Euronews (English)
Volkswagen Group has reported a 20% year-on-year drop in first quarter operating profit for 2024, as falling sales and increasing costs continued to bite. In addition, a disappointing brand, country and model mix also added to dampened results. The group's sales volume for the same quarter was down 2% compared to the corresponding quarter in 2023, which sold 2.1 million units. Sales revenue also decreased 1% year-on-year to €75.5 billion, with operating profit falling 20% to €4.6 billion. In the first quarter of the year, the South American market saw a 19% growth, with the Asia-Pacific market...
Euronews (English)
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