Volkswagen Plans Major Lineup Cuts as It Restructures Its Global Business

Volkswagen CEO Oliver Blume

Volkswagen is preparing for one of the most dramatic transformations in its nearly 90-year history. Facing shrinking profit margins, intense competition from Chinese automakers, slowing electric vehicle demand in several key markets, and the financial…

Senate Moves to Tighten U.S. Ban on Chinese Vehicles as Auto Security Concerns Grow

Senator Bernie Moreno of Ohio

The United States is preparing to take another major step in restricting China’s presence in the American automotive market. A bipartisan proposal advancing through the Senate Commerce Committee would significantly strengthen existing federal restrictions on…