Mexican Media Brands
VW Boosts New-Car Inventories in U.K.
Volkswagen AG says it has bolstered it new-car supplies in the U.K. to cope with expected supply disruptions when Britain exits the European Union on Oct. 31.
#labor
Share
Volkswagen AG says it has bolstered it new-car supplies in the U.K. to cope with expected supply disruptions when Britain exits the European Union on Oct. 31.
Juergen Stackmann, who oversees sales and marketing for the VW brand, tells Reuters the unspecified increase will enable the group to delay the impact of anticipated higher tariffs. But he concedes there are limits to what the company can do.
If new tariffs are imposed because of a “hard” Brexit, Stackmann says VW will have no choice but to raise vehicle prices accordingly.
RELATED CONTENT
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.