Volkswagen VZ Stock News

Auto giants have responded to U.S. President Donald Trump's tariffs by announcing plans to raise prices, impose import fees, pause production and even layoff staff. As part of plans designed to shift production to U.S. factories and bolster American jobs, the Trump administration introduced 25% tariffs on foreign auto imports on Thursday.

The company's move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.

Volkswagen is launching a new version of its Amarok mid-size pick-up truck targeted at the South American market from 2027, the carmaker said on Thursday, in the latest example of auto industry players localising production.

U.S. President Donald Trump's 25% tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car sales in the first full year, consultancy firm Anderson Economic Group said in a report on Thursday.

President Donald Trump's 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies could take years to unfold. In the near term, auto industry investors should expect continued volatility in automaker and supplier stocks, according to Wall Street analysts.

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump's 25% tariffs on foreign auto imports came into effect. Analysts and economists said the relatively muted response from autos stocks could be partly attributed to an exemption for Canada and Mexico from Trump's highly anticipated "reciprocal" tariffs announcement.

Volkswagen Group (XETRA:VOW) is planning to slap an "import fee" to the stickers on imported cars affected by new 25% US tariffs. The German car manufacturer has also temporarily halted rail deliveries from Mexico and vehicles about to be shipped from Europe, the Wall Street Journal reported.

Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.