Volkswagen AG

11.84

-0.2500-2.07%

Post-market: 11.890.0500+0.42%16:16 EDT

Volume:162.81K

Turnover:1.93M

Market Cap:59.35B

PE:4.63

High:11.92

Open:11.88

Low:11.79

Close:12.09

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Champagne now, cars next? How European automakers are responding to tariff threats on luxury goods.

Yahoo Finance

·

14 Mar

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Not only is China home to an auto market that’s almost as big as the American and European markets combined, but it’s also the biggest producer and exporter of vehicles.“Much of the growth continues to come from China which [is] seeing a pure electric renaissance this year compared to the hybrid love affair of 2024,” said Rho Motion data manager Charles Lester. “Despite high tariffs, their domestic brand, BYD, shows no signs of slowing down their home and international expansion.”BYD Chair Wang Chuanu told Bloomberg News that the company plans to set up 4,000 charging stations,","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/chinese-ev-makers-having-moment-185600834.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1861558580.USD","BK4505","IE00BSNM7G36.USD","GELYF","LU2249611893.SGD","BK4503","XIACF","LU1551013425.SGD","BK4543","LU1064927863.SGD","BK4533","NIO","LU0323591593.USD","BK4574","HXXD.SI","TSYW.SI","LU1861559042.SGD","STLA","BYDDY","VWAGY","LU2399975544.HKD","IE0034235303.USD","IE00B1XK9C88.USD","MBGAF","BK4585","LU1961090484.USD","LU0234570918.USD","LU1720051108.HKD","SG9999015945.SGD","LU1548497426.USD","BK4592","GWLLY","LU0719512351.SGD","BK4548","EVS.SI","RNLSY","LU0077335932.USD","F","LU0345770308.USD","LU2602419157.SGD","09866","IE00BWXC8680.SGD","TSLA","LU0345770993.USD","LU0234572021.USD","NIO.SI","LU2250418816.HKD","LU1435385759.SGD","LU1066051225.USD"],"gpt_icon":1},{"id":"2520159120","title":"Volkswagen upgraded to Neutral from Sell at UBS","url":"https://stock-news.laohu8.com/highlight/detail?id=2520159120","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2520159120?lang=en_us&edition=fundamental","pubTime":"2025-03-17 16:10","pubTimestamp":1742199005,"startTime":"0","endTime":"0","summary":"UBS upgraded Volkswagen (VWAGY) to Neutral from Sell with a EUR 105 price target The firm says a more constructive outlook for Germany, both as a s...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/volkswagen-upgraded-to-neutral-from-sell-at-ubs?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/volkswagen-upgraded-to-neutral-from-sell-at-ubs?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4099","VWAGY"],"gpt_icon":0},{"id":"2519724863","title":"Ford's $4.8B Germany Revamp: Time to Buy the Stock or Stay Away?","url":"https://stock-news.laohu8.com/highlight/detail?id=2519724863","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2519724863?lang=en_us&edition=fundamental","pubTime":"2025-03-14 01:22","pubTimestamp":1741886520,"startTime":"0","endTime":"0","summary":"Ford F is making a bold move to revive its struggling European business. 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How European automakers are responding to tariff threats on luxury goods.","url":"https://stock-news.laohu8.com/highlight/detail?id=2519854998","media":"Yahoo Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2519854998?lang=en_us&edition=fundamental","pubTime":"2025-03-14 00:21","pubTimestamp":1741882905,"startTime":"0","endTime":"0","summary":"If tariffs on French macarons and Italian Parmigiano-Reggiano weren't enough, Europhiles and the country club set are poised to take another big hit — with French bubbly.Just this morning, another maker of luxury goods — Ferrari  — said it will have to respond to the tariff threat. After all, the wealthy don’t like to waste money either.“We are ready with some countermeasures,” Ferrari CEO Benedetto Vigna said at CNBC’s Converge Live event in Singapore on Thursday morning. “We are in a scenario planning phase to manage as best whatever will happen,” Vigna said, without adding any details.Ferrari, which only produces its cars from its factory in Maranello, Italy, is facing a potential 25% tariff on European autos imported to the US. It will most likely raise prices on its vehicles or absorb some  of the tariff cost.The Ferrari 12Cilindri at HROwen Ferrari in Hatfield, Hertfordshire. 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