VW CEO Sees Threat of Retaliatory Tariffs From China, Bild Says
Volkswagen AG Chief Executive Officer Oliver Blume hopes for an alternative solution to tariffs on Chinese electric vehicles as he braces for potential retaliation from Beijing, Bild am Sonntag reported.
VW CEO Blume says China's EV makers should be allowed to avert higher tariffs by investing in EU
VW Group CEO Oliver Blume said Chinese automakers should get allowances for investments in Europe instead of punitive tariffs on their electric cars imported into the bloc.
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. "Instead of punitive tariffs this should be about mutually giving credit for investments.
Volkswagen CEO seeks tariff alternatives amid potential Chinese retaliation
Volkswagen CEO Oliver Blume advocates for benefits for companies investing in Europe and opposes the new tariffs, which he says could lead to retaliatory measures from China affecting German car exports.
Volkswagen CEO warns of retaliatory tariffs from China: Bild
Volkswagen Chief Executive Oliver Blume would like an alternative to imposing tariffs of electric vehicles from China as he prepares for possible retaliation from Beijing, newspaper Bild am Sonntag reported.
Business News LIVE Updates Today October 6, 2024: VW CEO says retaliatory tariffs by China can hurt European automakers
The EU's proposed duties on EVs built in China of up to 45% are set to be imposed from next month for five years, risking retaliatory tariffs from China Read more news like this on HindustanTimes.com
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VW boss says European market shrinking amid tougher competition
Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver Blume said "the pie has become smaller, and we have more guests at the table". "Fewer cars are being sold in Europe.