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Volkswagen stung by nearly $1B tariff hit, projects $5.8B import tax for the year
Yahoo Finance· 2025-10-30 15:00
German auto giant Volkswagen's (VWAGY) tariff hit in the third quarter hurt the bottom line by nearly $1 billion, with the 2025 tally ballooning to an amount that could eat heavily into full-year profits. Volkswagen reported in its third quarter financial disclosure that US tariffs on imported vehicles stood at 800 billion euros ($925 million), with its total tariff blow through the first nine months of the year totaling 2.1 billion euros ($2.44 billion). "Group operating margin is 5.4 percent — at first ...
Volkswagen warns workers of potential stoppages as chip crunch looms
Yahoo Finance· 2025-10-22 13:25
Core Points - Volkswagen has indicated that it cannot rule out production stoppages due to supply chain issues stemming from a dispute over Dutch chip maker Nexperia, which poses a threat to Europe's auto sector [1][2][3] - The Dutch government seized control of Nexperia last month, raising concerns about intellectual property, while China has restricted exports of essential products needed by European car manufacturers [2][7] - Volkswagen has communicated to its staff that, while production has not yet been affected by chip shortages, the situation is dynamic and could change in the short term [2][3] Production Impact - Reports suggest that Volkswagen may plan production stoppages starting next Wednesday, initially affecting the Golf series and subsequently other models [4] - The company is currently monitoring the situation closely and has not confirmed any specific plans regarding production halts [4][6] - Volkswagen will temporarily pause production of its Golf and Tiguan models at its Wolfsburg plant on Friday for an unrelated inventory issue, clarifying that this is not connected to chip supply problems [5] Industry Context - The ongoing dispute over Nexperia adds to existing global trade tensions impacting European carmakers, including increased U.S. import tariffs and Chinese export restrictions on rare earths [7] - Other automakers, such as BMW and Mercedes, are also taking steps to secure their production in light of the Nexperia situation [7] - Recent discussions between Dutch and Chinese economy ministers did not yield a resolution to the Nexperia impasse [8]
VW denies chip supply issues as production pauses planned
Yahoo Finance· 2025-10-22 10:19
Group 1 - Volkswagen (VW) is experiencing a production slowdown for the Golf and Tiguan models due to concerns over a supply chain shock linked to a chip shortage from a key supplier in the Netherlands [1] - VW has denied that the production pause is due to chip supply issues, stating that the adjustment was planned to align with seasonal inventory trends, and the pause is expected to end by the end of the week [2] - The Dutch government has implemented emergency measures on the China-owned semiconductor maker Nexperia, which has resulted in the Chinese government banning exports of Nexperia's semiconductor products, crucial for Europe's auto industry [3] Group 2 - The European Automobile Manufacturers' Association (ACEA) has indicated that while alternative chips are available, the process of re-homologation and ramp-up could take several months, with existing stocks of Nexperia components potentially running out within weeks [4] - ACEA's director general, Sigrid de Vries, emphasized that despite efforts to diversify supply chains, risks cannot be completely eliminated, affecting a wide range of suppliers and nearly all members of the association [4] - The current situation has been described as alarming, with a call for quick and pragmatic solutions from all involved countries [5]
Volkswagen prepares to halt production of key models amid chip supply crunch, Bild reports
Reuters· 2025-10-21 13:32
Core Insights - Volkswagen is set to suspend production of key models, including the Golf, at its Wolfsburg plant due to semiconductor supply shortages [1] Group 1 - Volkswagen is facing significant production challenges due to a lack of semiconductor supplies [1] - The suspension of production will affect major models, indicating a broader impact on the company's output and sales [1]
Florida pro golfer now $300K in debt despite raking in big money — how Ramsey Show hosts say he can get out of the rough
Yahoo Finance· 2025-10-10 18:00
On the outside, Scott from Orlando, Florida, looks like he’s living the dream. He’s got an MBA, a career as a professional golfer and the kind of life most guys would trade for in a heartbeat. But when Scott called The Ramsey Show, he pulled back the curtain on a very different reality: he’s drowning in roughly $300,000 of debt. Years of chasing the pro golf circuit left him with $220,000 in student loans, an $80,000 IRS bill and a whole lot of regret. Must Read The bad decisions didn’t stop there. As S ...
X @The Wall Street Journal
The Wall Street Journal· 2025-09-27 18:36
There aren’t many reversible golf courses in the world. But they can be a lot of fun for golfers—and a challenge for designers.https://t.co/xnLinno0dm ...
5 HOBBIES That Will Make You RICH 💰
Mark Tilbury· 2025-09-27 10:28
Investment Opportunities - Engaging in golf can lead to million-dollar deals [1] - Skiing, despite the cost of lift passes, offers valuable connections [1] - Watch collecting can help individuals get noticed [1] - Tennis membership provides access to exclusive networks [1] - Wine tasting and whiskey appreciation can be beneficial [1]
X @Easy
Easy· 2025-09-27 02:42
271/365Didn’t post this last night.Cause I was very sleepy guyGreat day.Enjoying another day in Asia.Loving prediction marketsHave been basically only trading thoseTraded XPL.Still in asterHaven’t touched memes in a hot minute and feels good not staring at my bagsGolfed, shot a 49. Not great but could be better ya know. Rental clubs are rough!Missing the lady and the dogs a ton, I wanna get home bad and see her real bad! But she doing what she can and crushing the house and home maintenance. Hopefully my of ...
X @The Economist
The Economist· 2025-09-26 15:50
Grant Horvat, a skilled amateur golfer, has found fame online by illustrating the chasm between the experts and the weekend crowd. We explain why the sport is hugely popular online https://t.co/wzP6Z3N3qv ...
X @Bloomberg
Bloomberg· 2025-09-04 19:39
Golf Industry Trends - PGA 认为无论是球场上的高尔夫还是 Top Golf 这样的场外高尔夫,都是这项运动的一部分 [1] - 高尔夫运动具有多样化的吸引力 [1]