EU may cut China EV import tariffs for Volkswagen and BMW, sources say

August 16, 2024


BERLIN (Reuters) -The European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the matter said. The European Commission was willing to classify the two carmakers as so-called cooperating companies, the sources said, making them eligible for a 20.8% tariff on their China-made models, down from a tariff of 37.6% under current plans.

Source

Related Articles

GM must face big action over faulty transmissions

GM must face big class action over faulty transmissions

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court of Appeals said a lower court judge had discretion to let drivers sue in groups…

Stay Up to Date With The Latest News & Updates

Want to be a guest on the show?

Join Our Newsletter

Follow Us

Follow us for everything That is Good to Know