Reported about 9 hours ago
Volkswagen is developing backup plans in response to looming U.S. tariffs on car imports from Mexico, where it produces a significant portion of its vehicles for the U.S. market. Executives have dismissed the idea of rapidly relocating production and noted that enhancing output in their U.S. plant will take longer. The company is also implementing a cost-cutting strategy, reporting a 4.3% decline in operating results for its brands due to restructuring and reduced profitability stemming from various operational changes.
Source: YAHOO