Volkswagen accused public of unfair labor practices after UAW cuts
Volkswagen's factory in Chattanooga, Tennessee is transforming into two shift operations and UAW doesn't like it go through Brad Anderson March 14, 2025, 08:25 Volkswagen is reducing Chattanooga plants to two move operations. The UAW president has informed the Trump administration of mass action. Unions describe public behavior as "unacceptable" and "anti-American" Last year, most employees at the Volkswagen plant in Chattanooga, Tennessee voted in favor of joining the United Auto Workers (UAW) union, but with UAW making its first contract with the automaker, it accused Volkswagen of negotiating unfair labor practices. Earlier this week, Volkswagen revealed that it would reduce the shift in Chattanu processing plant, thus reducing it to a double-moving operation. The website is currently building ID.4, which according to the company, does because of concerns about electric vehicle demand. It provides employees with a "voluntary churn plan" that includes severance payments, retirement options and benefits. Read: Volkswagen provides 14% wages for UAW workers, rising in four…
Instead of replacing the mirror, Lincoln cuts the power supply to failure
Lincoln Navigator's recall involved more than 35,000 vehicles that could cause the fire to fail. Instead of replacing the mirror, the dealer disables the faulty LED light in the recalled navigator. The recall will affect the model from January 2014 to June 2017, and will be reminded starting from March 24. Unfortunately, it is not uncommon for new cars to recall new cars due to fire risks, and often these problems come from engine or fuel tank issues. However, because LED light components could trigger a fire, this is not the case with more than 35,000 Lincoln Navigator models recalled in the United States. var adpushup = window.adpushup = window.adpushup || {que :()}; adpushup.que.push(function(){if(adpushup.config.platform!=="Desktop"){adpushup.triggerad("0f7e3106-c4d6-4db4-4db4-8135 c5088799a76a76a76f8") adpushup.triggerad("82503191-E1D1-435A-874F-9C78A2A54A2F"); Recalls affect navigation models produced from January 17, 2014 to June 30, 2017. A total of 35,328 cars were involved, and the company said each of them had defects. Read: Ford dropped 8 recalls in one day, while Mavericks fixed previous recall fixes According…
Honda cuts gas engine production in China after sales
go through Brad Anderson March 11, 2025 19:22 Japanese brands are cutting down one of the manufacturing lines at Dongfeng Honda Engine Factory. In January, Honda and GAC Group ended production at one of China's joint venture factories. Perhaps its most important new car in China is the all-electric S7 that competes with the Tesla Model Y. Honda has had a tough year in China, with sales dropping 30.9% in 2024 to 852,269 units. This marks the first time that Japanese brands have sold less than one million cars in the country. The decline is partly attributed to increased competition among local companies and a decrease in demand for internal combustion engine vehicles. In response, Honda plans to cut production at an engine plant in Guangdong Province and shift its focus more actively to electric vehicles. Read: The Honda S7 is a $36,000 electric SUV that doesn't work for us Honda will close Dongfeng Honda Engine Factory's manufacturing line at…
Trump administration’s policies and cuts
Members of the PCMA Catalyst Community share their challenges in holding and planning events as the Trump administration continues to cut and change and has had a wide impact. Author: Michelle Russell Event planners share new challenges posed by the rapid changes in the Trump administration. “Did anyone start canceling the registration of attendees whose travel was cut off?” Kim Connolly, assistant director of program and conference at Virginia Military Academy, asked the PCMA catalyst community on March 6, referring to the Trump administration’s overhaul, shooting of federal employees and more. “It also affected some of the presenters at our upcoming meeting.” Seven members of the catalyst community responded in less than 24 hours, sharing the challenges posed by the rapid changes in the new administration and the concerns of attendees after several plane crashes and approach mistakes in recent weeks. This is what they have to say: “We had a meeting last week and were affected by the meeting.…
Mercedes cuts spending on electric vehicles, focusing on burning
In addition to reducing spending Mercedes announced cuts to produce electric vehicles to restore profits. The German automaker plans to launch 19 cars powered by internal combustion engines and 17 battery electric vehicles by the end of 2027. Let us understand what this process is designed to achieve. Experience decline in financial markets and sales Mercedes' electricity sales collapsed 25% late last year, which requires important steps to be taken accordingly. Mercedes is still committed to selling higher-priced and lower-capacity vehicles, although some workers and investors suggest that the strategy doesn't work. It is important to note that Mercedes’ combustion engine cars are selling electric cars.Mercedes also will be producing in the United States and China to protect itself from 25% tariffs on all vehicle imports recommended by the Trump administration. The company's stock fell 1.05% in 1100 GMT, the biggest drop in the blue-chip Euro Stoxx 50e index. Mercedes' revenue fell 40% in 2024. Falls were also observed in…
Trump cuts off charging ports for all 8,000 electric vehicles in the federal
The General Services Administration (GSA) under Donald Trump said they are not important. February 24, 2025, 16:04 The Trump administration is about to cut the power of the EV charger owned by the administration. The move will affect thousands of charging spaces across the country and are already in progress. It is unclear what happens to chargers and vehicles using them. Donald Trump's administration has reportedly ordered the closure of all electric vehicle charging stations in federal buildings in the United States during a radical policy shift. The decision effectively converts the conversion of hundreds of electric vehicle chargers across the country to approximately 8,000 charging ports managed by the General Services Administration (GSA). The directive also includes plans to unload recently acquired electric vehicles from the federal fleet. These moves combined show a sharp reversal with the last government-promoted sustainability initiative. Read: Trump's budget cuts threaten Biden's $6.6B Rivian loan EV factory A GSA internal email viewed by Colorado…
Toronto cuts Tesla taxi subsidies to fight back Trump and
Toronto's fraud mayor wants to get rid of a Tesla dealership in the city go through Brad Anderson 11 hours ago Toronto cut Tesla taxis from its zero-emission grant program in protest against Trump's tariffs. The move is largely symbolic, as there are only nine Teslas currently used as taxis in the region. Existing Tesla owners are eligible for a taxi license fee of $3,300 (CA $4,677). The mayor of Toronto is doing his best to fight back against the Trump administration’s proposed tariffs on Canadian products, announcing that Tesla taxi owners will be subject to restrictions on its zero emissions plan. Mayor Olivia Chow said she was sending messages to the White House, Tesla boss and President Trump’s right-hander Elon Musk. Toronto's zero-emissions program incentivizes taxi and limousine owners to switch to zero-emission vehicles by 2030. If they buy zero emission vehicles, they will pay a reduced licensing fee, but Toronto is no longer interested in subsidizing Teslas. Recently,…
KTM 390 Duke price cuts Rs 18K
KTM Duke 390 What bloody orange, like foam? If a KTM motorcycle pops up in your mind, you guessed it right. What we are talking about is the new KTM Duke 390, which is now more affordable than before, thanks to its previous EX-SH price of Rs 18,000. This is good news for motorcycle enthusiasts, let's take a closer look. KTM 390 Duke price cut Amid global turmoil, KTM insists that their Indian operations are unfounded. The company has just revised the price of India's precious parades, 390 Duke University. It was previously priced at Rs 3.13 lakh (EX-SH), and now it has been revised to Rs 2.95 lakh (EX-SH), a reduction of Rs 18,000. KTM Duke 390 The 390 Duke is one of the most sporty motorcycles in the world's 300cc to 400cc category. The 390 Duke offers a combination of performance, processing, functionality, equipment, efficiency and a funky look. It has always been the first choice motorcycle for…
Triumph Speed T4 price cuts to Rs 19.9 lakh
Victory Speed T4 In addition to being the most affordable victory bike in India, the Speed T4 is also perfect for local riding conditions Triumph's 400 range has become a popular choice, ranking fifth in the 350cc-450cc motorcycle field. The Speed T4 was launched last September to increase sales. It competes with the Royal Enfield Hunter 350, Scram 411, Honda CB350R, and Jawa 42, among others. Victory Speed T4 Price Cut At launch, the Triumph Speed T4 starts at Rs 2.17 crore. However, the special launch discount rate for bicycles is Rs 18,000. The effective price is Rs 199 crore. Since the ever-continuing discount plan is a bit strange, the price of the T4 has now been modified to Rs 199 crore. This also helps to eliminate any confusion some customers may encounter with bike pricing. Speed 400 platform with fewer functions The Triumph Speed T4 uses the same platform as the Speed 400. It has a perimeter tubular steel…
Stellantis cuts inventory, but Dodge, Jeep and Ram are still doing so
The automaker has reduced its bloated U.S. inventory by more than 100,000 vehicles go through Brad Anderson 14 hours ago As of early January, Jeep's inventory had been reduced from 129 days to 114 days. Dodge's inventory is down 52%, but its 122-day supply is still one of the highest. Ram's inventory dropped from 128 days in November to 107 days in January. 2024 is another tough year for Stellantis. U.S. sales fell 15%, the sixth consecutive year of declines. That's not exactly the kind of streak you want on your resume. The silver lining, however, is that Stellantis is finally taking a hard look at its bloated U.S. inventory and starting to address the problem. By the end of the year, the company had successfully reduced its inventory, but it was clear there was still a lot of work to do. New data shows that as of January 6, 2025, the total U.S. vehicle inventory was approximately 2.88 million…
Volkswagen cuts manager bonuses by 10% for two years, plans further cuts
Volkswagen won't sell any of its German factories despite drastic cost cuts go through Brad Anderson December 24, 2024 13:56 As part of the restructuring, Volkswagen management will slash bonuses in 2025 and 2026. Deep cost-saving measures are designed to ensure the company's long-term stability. Europe's largest carmaker also confirmed significant cuts to its production in Germany. A few days ago, Volkswagen and Germany's IG Metall union reached an agreement on cost-saving measures that will reduce more than 35,000 jobs nationwide by 2030. The cuts are expected to save the company 1.5 billion euros ($1.5 billion) in annual labor costs. While the layoffs are a blow to employees, the impact will also be felt by about 4,000 managers, who will face significant pay cuts as part of cost-saving efforts. German sources said managers will forgo bonuses equivalent to 10% of revenue in 2025 and 2026. Over the next three years - 2027, 2028 and 2029 - bonuses will be further…
Volkswagen confirms more than 35,000 job cuts in Germany, Golf
T-Roc convertible to end production in 2027 as production ends at Osnabrück plant December 20, 2024 20:03 The agreement reached by the unions Volkswagen and IG Metall is a huge blow to workers. More than 35,000 jobs will be lost across Germany as Volkswagen cuts production capacity by 734,000 vehicles. Production at Volkswagen's transparent factory will end next year, while Golf production will be moved to Mexico. After strikes and heated exchanges, Volkswagen reached an agreement with the IG Metall union. However, there is little cause for celebration as thousands of workers will lose their jobs. The agreement is called "Zukunft (Future) Volkswagen" and calls for a "socially responsible reduction of the workforce." By 2030, more than 35,000 jobs will be eliminated in Germany. More: 100,000 workers strike at 9 Volkswagen plants While the cuts are steep, Volkswagen will save 150 million euros ($1.5 billion) in annual labor costs. The company's production capacity in Germany will also be reduced by…
Porsche cuts China dealer network by nearly 30%
Porsche has 138 dealerships in China, but this will drop to around 100 by the end of 2026 go through Brad Anderson December 11, 2024 05:37 In the first nine months of 2024, Porsche sales in China fell by 29%. China has been Porsche's largest market for eight consecutive years. By the end of 2026, the brand will close nearly 40 dealers. Porsche's business in China is undergoing huge changes. While China was once its most important market, falling demand for its models has forced it to close about 30% of its local dealers as Chinese consumer sentiment shifts and sales of locally produced cars by local brands continue to soar. Porsche currently has 138 dealerships in China, but Porsche China boss Alexander Pollich revealed that the number of dealers will be reduced to about 100 by the end of 2026. The automaker will not only consolidate its dealer network but also optimize its local dealer network. Invest, abandon areas…
Nissan cuts U.S. production by 17%
Due to slowing sales and financial difficulties, Nissan may only survive 12 to 14 months if it cannot find new regular investors. Nissan recently revealed that it was selling more than 149 million Mitsubishi shares. The Frontier and Rogue account for about 30% of the brand's U.S. sales. Nissan will cut U.S. production through March 2025, a move that will affect production of the popular Frontier and Rogue models. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); It was revealed that U.S. production will be reduced by 17% year-on-year as the brand deals with declining global sales. The layoffs will affect the Canton Assembly Plant, which makes the Frontier pickup truck and other models, as well as the Smyrna, Tenn., plant that makes the Rogue. These two models account for approximately 30% of the brand's total U.S. sales. READ: Nissan says 1,000 U.S. employees will retire early window._taboola…
Ford cuts 14% of European workforce as demand for electric vehicles drops
Ford will reduce workload at Cologne, Germany, production of Explorer and Capri EVs in early 2025 Ford plans to cut 4,000 jobs by 2027, focusing on Germany and the United Kingdom. Its European passenger car unit has faced huge financial losses in recent years. Lower-than-expected demand for electric vehicles and increased competition are cited as key factors. The auto industry's transition to electric vehicles continues to expose the growing pains facing even the largest players. On Wednesday, Ford announced plans to cut 4,000 jobs in Europe by the end of 2027, citing financial challenges from the transition to electric vehicles and increased competition. The automaker has also scaled back operations at its Cologne, Germany, plant due to weak demand for electric vehicles. Ford cited "unprecedented competitive, regulatory and economic headwinds" as the driving force behind the layoffs, stressing that its European passenger car business had suffered "significant losses" in recent years. Ford cuts global workforce by 2.3% The planned layoffs…
Stellantis cuts 400 jobs in Detroit
UAW says it will use every tool in its arsenal to fight back against Stellantis' latest layoff plan go through Brad Anderson November 11, 2024 11:25 The layoffs will take effect as early as January 5, 2025. The laid-off employees will receive benefits equal to 74% of their salary within one year. The United Auto Workers union (UAW) slammed the layoffs. The bad news for Stellantis' U.S. employees continues as another round of layoffs is announced. Just days after the automaker disclosed plans to indefinitely lay off 1,139 workers at its Toledo Assembly Plant, Stellantis has now confirmed an additional 400 layoffs at its Floyd Street Materials Logistics facility in Detroit. The affected employees, represented by the United Auto Workers (UAW), are part of a plant that supplies Stellantis' Detroit assembly plant. These layoffs, which will take effect as early as January 5, 2025, are a bitter pill for employees in Stellantis' U.S. operations who are already facing increasing uncertainty.…
Nissan cuts 9,000 jobs in May, sells Mitsubishi shares
Nissan has announced major cost-cutting measures, including job cuts and reductions in global production capacity. Chief Executive Makoto Uchida admitted the company's sales forecasts were too ambitious and now need to be adjusted. The company aims to expand its hybrid lineup in the U.S. and accelerate development for greater flexibility. Nissan CEO Makoto Uchida has just announced a series of sweeping changes aimed at steering the company through turbulent times. The Japanese automaker will cut 9,000 jobs, reduce production and sell most of its stake in Mitsubishi. On top of that, Uchida and some other executives are taking pay cuts. Nissan appears to be in a very serious "emergency mode," with all signs pointing to a period of major restructuring and soul-searching. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The layoffs will involve 9,000 employees, accounting for approximately 6.7% of Nissan's global workforce, affecting…
Ford cuts manager bonuses by 65%, will only reward
CEO Jim Farley eager to lower costs and improve quality of Ford models go through Brad Anderson 21 hours ago Company bonuses will be linked to a new performance system to increase employee accountability. Bonuses may be adjusted starting as early as this quarter. Ford will cut company bonuses as part of a new system that rewards employees only if they meet certain goals to cut costs. CEO Jim Farley is eager to save money while also improving the quality of Ford models. Company bonuses will now be linked to performance systems to increase employee accountability. Manager bonuses will be cut by 65% of their current total. "I'm proud of the progress we've made, but we're not completely satisfied," Farley said of Ford's recent third-quarter earnings report. Read: Own a Ford? Stellantis wants you and they're ready to pay you to switch "The team is rewarded when we meet or exceed targets for these factors and we achieve the ambitious…
Stellantis employees told of spending cuts as ‘doghouse’ policy
Stellantis CFO Natalie Knight calls on employees to implement drastic cost-cutting measures to reduce the company's cash drain Stellantis' chief financial officer warned employees in an internal email that the "doghouse" policy is back. Post-recovery policies aim to significantly reduce corporate spending to preserve cash flow. CFOs urge employees to reject any spending requests that do not support critical business functions. Strantis reintroduced a policy of austerity known internally as the "dog house." The goal is to get employees to help reduce the company's cash drain during a difficult period for the automaker, which reported a sharp 20% drop in U.S. sales in the third quarter compared with the same period last year despite the incentives. Year-to-date, sales are down 17%, underscoring the challenging environment the company faces. Chief Financial Officer (CFO) Natalie Knight broke the news to Stellantis employees in an internal email last week. The policy is framed by "imposing stricter attention and control on procurement requisitions" and…
Rivian cuts production forecasts as third-quarter deliveries drop
The automaker expects to produce 47,000 to 49,000 vehicles by the end of 2024. Rivian had expected to produce 57,000 vehicles this year, the same as in 2023. Supplier issues are partly to blame for the slowdown. Rivian deliveries fell in the third quarter and the electric car maker slashed production targets for the rest of the year. Rivian will likely produce fewer vehicles by the end of 2024 than it did last year. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Rivian delivered 10,018 vehicles between July and September. This was a significant decrease from the 13,790 units delivered in the second quarter and the 13,588 units delivered in the first quarter. Production increased from 9,612 vehicles in the second quarter to 13,157 vehicles in the third quarter, but was still lower than the 13,980 vehicles Rivian produced in the first quarter. The automaker blamed…
Toyota waves LGBTQ white flag, cuts DEI programs
Toyota wants to avoid highly politicized discussions, so they will stop funding LGBTQ events Toyota has become the latest automaker to cut back on diversity, equity and inclusion initiatives. The company appears to want to avoid "highly politicized discussions" about the issue and possible boycotts. There was a protest against the company last month, but a spokesman said the impact was "negligible". Ford's "Very Gay Raptor" encountered a culture war that ultimately led to its demise as the automaker made its promotional videos private and scaled back its diversity, equity and inclusion (DEI) initiatives. A memo at the time blamed the shift on "the changing external and legal environment related to political and social issues." Fast forward to today and the Toyota Pride Parade is coming to an end. The automaker has decided to stop sponsoring LGBTQ events and will "refocus" their DEI initiatives, according to Bloomberg. Citing a memo sent to employees, the publication said the move was the…
The 15 used cars with the biggest price cuts this year
The Tesla Model 3, Kia Niro EV and Maserati Levante saw the biggest price cuts. Of the seven models with the largest declines, six were electric. Studies show that used electric cars lose value four times faster than gasoline cars. New electric vehicles still cost more than internal combustion engine cars, but they are falling rapidly in the used market. The Tesla Model 3 topped the list of the 15 used cars with the biggest price cuts this week, with six of the top seven being electric vehicles. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The Model 3 lost an average of 24.8% of its value over the past year, with the average price falling $8,558 year-over-year to $25,931, according to iSeeCars. The Kia Niro EV followed closely behind, with its value falling 21% to $21,692, while the average drop for the entire used car market…
Nissan cuts Rogue and Frontier production to reduce
Nissan Rogue production line will run only four days a week instead of five go through Brad Anderson 10 hours ago Nissan will produce about 40,000 Rogue and Frontier models over the next two months. Brand inventory fell from 106 days in December to 83 days in August. This is not the first time this year that the company has temporarily reduced production of popular models. A recent email Nissan sent to dealers indicated that the company is trying to work through high inventory and will significantly cut Rogue and Frontier production in September and October. In the letter, the Japanese automaker revealed that production of its two very popular models will be reduced by up to 40,000 units over a two-month period. While the Rogue accounted for 31% of Nissan's total U.S. sales in the first half of this year, the Rogue and Frontier together account for 40% of Nissan brand sales. Read: Nissan hybrid missteps lead to sales…
EU cuts tariffs on Tesla and Geely again, but China wants to negotiate
Tesla's tariff rate has reportedly been reduced from 9% to 7.8%, and Geely's tariff rate has been reduced from 19.3% to 18.8%, but China has expressed its willingness to work with the EU to find a solution that satisfies both sides. go through Chris Chilton September 10, 2024 11:50 The European Union has again revised its tariffs on a small number of electric vehicles imported from China. Tesla’s tariff rate has reportedly been reduced from 9% to 7.8%, and Geely’s tariff rate has been reduced from 19.3% to 18.8%. Chinese officials say they are eager to meet with their European counterparts to find a mutually acceptable solution to the trade dispute. The European Union is reportedly making a second round of changes to its tariffs on cars imported from China, and the changes are good news for Tesla and Geely, but Chinese officials say they want to meet with their European counterparts to work out a new deal that both…
Jeep reportedly cuts production as SUVs pile up at U.S. dealerships
Automotive group Stellantis suspends production Jeep Grand Cherokee and Wrangler models in the U.S. amid difficulty shifting inventory. Production of the two models was suspended at the Toledo, Ohio, and Detroit, Michigan, plants early last week and resumed on Thursday. There is no official word yet on how long the production halt will last. Hundreds of new car deals available through Automotive Expert Act now. Let the experts work for you and reap the rewards. Browse now. Stellantis described the move to suspend U.S. manufacturing as a "production adjustment." "Stellantis will continue to take the necessary steps to improve operations in the U.S. market," a company spokesman said. Wall Street Journal. "The company will continue to monitor the situation to assess whether further action is necessary." The move comes as Stellantis' U.S. sales fell 21% in the first half of 2024. The drop in demand is exacerbated by oversupply in showrooms -- Jeep reportedly has enough inventory in the U.S.…
Toyota reportedly cuts electric vehicle production target by 33%
The Japanese automaker downplayed the significance of the report, saying it still plans to produce 1.5 million electric vehicles a year by 2026 Toyota has reportedly cut its electric vehicle production target by a third due to market conditions. The automaker currently plans to produce around 400,000 electric vehicles in 2025 and around 1 million electric vehicles in 2026. Despite the production cuts, Toyota still plans to expand its electric vehicle lineup with upcoming new models. Not long ago, Toyota was criticized for relying on hybrids and having a lackluster electric vehicle lineup, a strategy that has proven to be correct, although Toyota has finally announced plans for a slew of new electric vehicles. However, the Japanese giant is reportedly holding back, as Nikkei claims Toyota will "dramatically slow down production of electric vehicles." Toyota currently plans to produce 1 million electric vehicles in 2026, which would be a 33% drop, according to the newspaper. MORE: Volvo abandons commitment to…
Lotus cuts 2024 production by 78%, blames new US tariffs
Despite setbacks, Lotus is on track to sell more cars this year than it did in 2023 go through Brad Anderson August 30, 2024 06:09 Lotus blamed US electric vehicle tariffs for a 100% drop in sales. Lotus Cars originally planned to produce 76,000 cars by 2025, but that number has now been reduced to 30,000. In the first half of 2024, the brand sold nearly 4,900 vehicles. Lotus expects to produce 12,000 cars by the end of 2024, a sharp drop of 78% from the 55,500 originally planned for this year. The company blames new Chinese tariffs on electric vehicles. Lotus Group CEO Feng Qingfeng recently said during the brand's second-quarter earnings call that the company will have to reposition its products in the U.S. due to a 100% increase in Chinese EV tariffs. In addition to lowering its 2024 forecast, Lotus also slashed its expectations for 2025, now expecting sales of just 30,000 units next year, down from…
Porsche cuts Taycan price by $22,500 to make way
This offer is only available to those who lease a 2024 Taycan, not those who purchase a 2024 Taycan. Porsche's discounts include $7,500 in lease incentives and $15,000 in incentives through the Taycan lease match program. The 2025 model features several significant upgrades in terms of performance and technology. If you're looking to buy a Porsche Taycan and don't mind missing out on the recently updated 2025 model, the brand has launched an attractive lease offer for the outgoing model. As an electric Porsche, it's still not cheap. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Qualified buyers can now enjoy a $22,500 discount on a 2024 Taycan. This offer includes a $7,500 incentive on leasing a Taycan model and an additional $15,000 through the Taycan Lease Match Program. Read: The 2025 Taycan Turbo S is the most powerful and fastest production Porsche ever The program allows…
Europe cuts tariffs on Tesla amid ongoing boycott
US electric car giant Tesla is benefiting from lower tariffs on its China-made models sold in Europe as the continent continues to struggle to protect its auto industry. In June this year, the European Commission announced that it would impose tariffs of 17.4% to 38.1% on electric vehicles from China. Previously, the EU had imposed a 10% tariff on all imported cars. Tesla's Model 3 produced in China for delivery in Europe was initially subject to a 20.8% tariff, but this did not apply to the Model Y produced in Germany and the Model S and X produced in the United States. CarExpert has hundreds of new car deals available right now. Let the experts help you get the best deal. Browse now. However, following further investigation by the European Commission, Tesla's tariff has been reduced to just 9.0%, but this is in addition to the existing 10% import tax. according to ReutersTesla's tariffs were reduced after the European Commission…
EU cuts import tariffs on Chinese-made Tesla, BMW and Volkswagen electric cars
Tesla's tariff was reduced from 20.8% to 9% after an appeal, and the tariff on Mini electric models was reduced from 37.6% to 21.3% go through Chris Chilton 4 hours ago The European Union has reduced some of the high tariffs it announced in July on electric vehicles imported from China. The tariff rate on Tesla was reduced from 20.8% to 9%, and the tariff rate on BMW Mini electric vehicles was reduced from 37.6% to 21.3%. Volkswagen electric vehicles also benefited, as did electric vehicles produced by some Chinese automakers such as SAIC and BYD. Tesla's business profitability in Europe got a boost today after the European Union announced changes to tariffs imposed in July on electric vehicles shipped from China to Europe. The EU's initial report called for a 20.8% tariff on imported Chinese-made Tesla cars, but that rate has now been reduced to 9% after an appeal. The US automaker requested a recalculation following the release of…
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