The biggest threat to Volkswagen's 2019 profit is potential tariffs from the United States, Chief Executive Herbert Diess told the Financial Times. "It's becoming tense once again," Diess told the FT. Analysts at London-based Evercore ISI said tariffs could cost Volkswagen 2.5 billion euros ($2.8 billion) a year, about 13 percent of expected earnings.
JOHANNESBURG (Reuters) - German carmaker Volkswagen's South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with union members, its managing director said.
Dr. Bob Hieronimus' creation for Woodstock '69 was lost, but not forgotten. And now, the iconic hippie bus is back.