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From the airport, the Volkswagen assembly plant is considered on April 19, 2024 in Chattanuze, Tennessee.
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PorscheCEO Oliver Bloom said the company could rely his partnership with Volkswagen .
“We have an industrial cooperation agreement with Volkswagen, and in the end we are working so close to each other, so it must play a role” in response to tariffs, Bloom Anette said.
The US is the main market for Porsche, but the lack of company operations in the country left it potentially vulnerable to the US trade war with the European Union. Porsche’s Main plants are in Germany.
In the list separately, The 911 Haradok is part of the Volkswagen group as well as brands, including Audi, Lamborghini, Bentley, Skoda, Seat and Wolkswagen. BLUME – CEO of both Volkswagen Group and Porsche.
“I hope there will be an agreement between Europe and the US … I count on a fair decision between the regions,” Bloom CNBC said.
“On the other side, we are insting hevily in the US in the Terms of Partnerships, Services, Our Own Organization, Our Dealer Network. We are employing many, many people in the US Besides This, Being Connect Volkswagen Group, Volkswagen Group is investing over 15 billion euro in the US, “He Continued, Pointing Out the Conglomerate’s Assembly Plant in Chattanooga, Tennese, and investment In the South Carolina.
“It must play a role when it comes to a fair agreement,” he added.
The tariff bitter
The monitoring of the latest trade rhetoric, representations and actions arising from the White House became a daily problem for business in Tas -Autos.
Volkswagen is expected to be heavily killed by the US in its North American neighbors through its assembly plants in Mexico, although it is currently being benefit from delay Faith on its Volkswagen cars, which are subjected to temporary transaction. This releases vehicles from tariffs to the US until at least 75% of their parts come from North America.
Will Trump follow his Tariffs at 25% on EU imports Still need to find out. Tensions are nevertheless Made on Wednesday as a block announced The upcoming tariffs for billions of US goods in response to the US USS and aluminum duties.
The automotive industry was also On Tuesday rumbled Trump’s warning that he will “significantly increase” tariffs on cars coming from Canada to the US if the nation is not “outrageous, long -standing tariffs”.
Porsche will not join China “Pricing War”
Porsche on Wednesday announced the annual drop in the operating level up to 5.6 billion euros ($ 6.1 billion) in 2024, compared to 7.28 billion euros last year. Group sales revenues decreased by 1% to 40.1 billion euros.
The company has accused the tense market situation in China, disruption to supplies and delay in the global increase of electricity to weaker indicators as it had sustainable dividends.
He also announced the further reduction of jobs, which will reduce its workforce to almost 4000, because it is supposed to reduce the cost of market uncertainty.
Blume told CNBC that it was an “intense, complex, but also a successful” year when it is immersed in China and more slowly than expected, the increase in electrical mobility in Europe and North America remained key questions.
Discussing the latest trend, Bloom said Porsche would continue to invest in innovation, calling on industry, community and policies to support the transition of EV through infrastructure charging.
He also stated that the strategy of the company in China, the second largest Porsche market, had to give priority value in comparison with volumes, demonstration of the quality of its vehicles and focusing on nomination in areas such as in automotive intelligence.
“In China, we have encountered a pricing war, a discount of war, and we do not join it,” he said.
The competition of Chinese competitors, especially in the EV market from similar Byd, presents automakers around the world.
New electric cars made by Porsche, in Hong Kong, China.
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