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The Latest Breaking News from VDA

German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat

VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs

The Guardian - UK

Germany could ding lazy hybrid PHEV drivers. New proposal says charge up or lose power

What good is an electric engine if you don't use it?

We Got This Covered

US-EU trade deal is a ‘dark day’ for Europe, says French PM

Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

The Guardian - UK

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Volkswagen takes €1.3bn hit from ‘high costs’ of Trump tariffs

Manufacturer cuts profit margin range for year as German car exports to US fall sharply

The Guardian - UK

EU fails to reduce 50% steel tariff in outline trade deal with US

Bloc’s steel exporters face ‘catastrophic’ Trump levy, says industry body – potentially twice the rate for the UK

The Guardian - UK

‘Another nail in the coffin’: Germany’s car industry faces up to Trump’s tariffs

There are major concerns about the potentially ‘catastrophic’ impact US policy will have on vehicle makers

The Guardian - UK

Trump’s 25% car tariff rattles markets: EU industry leaders, analysts react

Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.

Euronews

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Carmakers unhappy after EU hits China with tariffs on electric vehicles

The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps.

Radio France Internationale

Modi flagged off Varanasi tent city project without Clean Ganga clearance

On January 13 this year, Prime Minister Narendra Modi inaugurated the luxurious tent city on the floodplains of the Ganga in his constituency Varanasi, and flagged off the Ganga river cruise. Marvelling at the temporary structures with five-star facilities, Modi said: “This newly built, spectacular tent city is another reason…

Newslaundry

Virtual Driving Assessment Predicts Crash Risk For New Teenage Drivers

High-tech system identifies skill deficits to develop personalized interventions

Zenger

Rishi Sunak says UK in talks with EU to allay carmakers’ Brexit concerns

PM’s comments come after Germany’s automotive industry joined calls for extension to trade deadline

The Guardian - UK

Bank of England denies QE caused double-digit inflation; mortgage arrears and repossessions jump – as it happened

Central bank chiefs tell MPs that unwinding QE is more like descending a mountain than decommissioning a nuclear submarine

The Guardian - UK

Dashaswamedh gets facelift, 33-yr-old dark spot of Varanasi now modern complex

VARANASI: After staying neglected for 33 years at one of the most-visited mythological sites of Kashi at Dashashwamedh area, a waste property of Varanasi Development Authority (VDA) has been turned into a modern commercial complex, complete with modern facilities desired by the pilgrims visiting the city from across the globe…

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