China plans to reduce imports duties on foreign cars from 25 to 15 percent. To avoid additional punitive taraiffs from the US, the country has pledged to ease restrictions on foreign investment in the auto, aircraft and shipbuilding industries.
US trade officials are believed to have told President Donald Trump that European car imports harm US national security. German carmakers are concerned that Trump could use the report to justify tariffs.
US President Donald Trump gave his "word" to the EU Commission head that he would hold off on tariffs on EU cars, Juncker told German media. Representatives of US car makers warned a tariff hike would backfire.
President Donald Trump has expressed hope trade talks between the US and China will leave 'nothing unresolved.' High-ranking officials from both sides are back at the negotiating table as talks enter their second day.
From diesel fraudster to pioneer of sustainable mobility: that's how German automotive giant Volkswagen wants to transform itself. The e-cars are also to be produced in a carbon-neutral way. How can this be achieved?
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