German carmakers weigh price, production shifts to soften tariff impact

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German carmakers weigh price, production shifts to soften tariff impact - Business Standard

Quick Summary:

The European Union is in talks with the US government to seek a solution on what Trump has called reciprocal tariffs, which could lead to added duties on EU imports.

Audi has no factories in the US and makes its most popular model in the country, the Q5, at its plant in San Jose Chiapa, Mexico - a country targeted by Trump in his tariff push.

The Audi Group, which also includes the Bentley, Lamborghini and Ducati brands, said on Tuesday it expects an operating margin of 7-9 per cent this year, up from 6 per cent in 2024.