EU countries such as France and Italy have urged Brussels to ditch the penalties for embattled European carmakers, who have been plunged into crisis by a switch to EVs and increasing competition.

The first water-cooled Volkswagen model sold in the United States was the 1974 Dasher, known as the Passat back in West Germany. The year before that, that car's Audi sibling, the 80, went on sale here with Fox badging (not to be confused with the later Volkswagen Fox, which was a Brazilian-built Gol ).

With sales down across multiple models, Audi faces a challenging road ahead. Here's a closer look at the troubling numbers.

By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve profitable growth,

For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.

Future production plans for carmaker Volkswagen's factory in the eastern German city of Zwickau remain in doubt, even after labour concessions in a new collective bargaining deal averted threatened plant closures.

BMW's plant in San Luis Potosi, Mexico, produces the 3 Series, 2 Series Coupe and M2, with nearly all of the output going to the U.S. and other markets worldwide, according to the carmaker. From 2027, it will produce the all-electric "Neue Klasse" model line.

Tesla's global auto sales topped Audi's for the first time. The Volkswagen-owned Audi delivered 1.67 million cars in 2024 compared to the 1.77 million delivered by Tesla (TSLA). Audi blames a more challenging economic environment and increased competition for the decline in sales.

Sluggish sales in China and a continued slump in the market for electric vehicles helped drag down global sales for struggling German auto giant Volkswagen in 2024, the company reported on Tuesday. Worldwide,

U.S. President Trump said he could impose 25% tariffs on Canada and Mexico from Feb. 1, sending shares of several Asian automakers and battery firms lower in trading on Tuesday.

Car giant VW to wind down production at 2 factories; China could buy factories for foothold in Germany. Read more at straitstimes.com.

Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.