Concerns are growing among Volkswagen's board members that sweeping cuts agreed with unions late last year will not be enough to turn around the struggling carmaker's core brand, the Handelsblatt business daily reported on Thursday.
Volkswagen pointed to a 'challenging EV climate' as the reason why its electric sedan will no longer come to the U.S. and Canada.
Originally, Volkswagen said it would delay the launch of the ID.7 for an undetermined amount of time back in May 2024. The model was supposed to debut here in the third quarter of
Volkswagen may have an answer to its China woes in the form of a joint venture with XPeng, a Chinese automotive manufacturer. The two companies are working on new architecture that will underpin VW’s Chinese EVs. The first models should hit the market in 2026, and at least one will be an SUV.
With more than 40,000 sales in its debut year, the ID.7 is off to a strong start, and newly boosted by the addition of an estate.
Some air shipments of car components by Volkswagen India were briefly held up by custom authorities in Mumbai due to a $1.4 billion tax demand, leading to delays in spare part supplies at dealerships,
All Porsche and Audi EVs are currently built outside the US, making them particularly exposed to an increase in tariffs. The Audi Q5 is built in Mexico, while Porsche EV models are produced in Europe.
The joint venture with Volkswagen is drawing interest from other automakers eager to adopt Rivian's advanced tech, signaling a shift in EV industry dynamics.
President Trump has threatened import tariffs on automobiles seemingly forever, ranging from 25 percent to 300 percent depending on how he’s feeling that day, but the administration seems poised to launch a new raft of import tariffs on February 1.
The ID.7 was originally slated to go on sale in the U.S. at some point in 2024, but VW announced an indefinite delay in May of last year. There was no targeted on-sale date provided last year, which makes its complete cancellation less surprising now.
The Volkswagen Group has raised alarms over U.S. President Donald Trump’s proposed tariffs on Mexican imports.
Volkswagen is exploring the possibility of sharing its excess production lines in Europe with Chinese EV makers.