The Latest Breaking News from VDA

There are major concerns about the potentially ‘catastrophic’ impact US policy will have on vehicle makers

Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.

The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps.

On January 13 this year, Prime Minister Narendra Modi inaugurated the luxurious tent city on the floodplains of the Ganga in his constituency Varanasi, and flagged off the Ganga river cruise. Marvelling at the temporary structures with five-star facilities, Modi said: “This newly built, spectacular tent city is another reason…