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Vw and Volvo: Middle East War Puts New Pressure on Car Sales
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Volkswagen and Volvo warn that the ongoing war in the Middle East is threatening car demand. At the same time, the automakers are grappling with import tariffs, volatile electric vehicle sales, and a decline in sales in China.
·Apeldoorn, Netherlands (Kingdom of the)
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The current conflict in the Middle East has not yet been resolved, and there is no indication that this will be the case in the near future. The latter even seems to simmer over the days, as tensions continue in Iran. And already, the consequences are felt as far back as France. Thus, the price of fuel has risen sharply over the last few days. But this is not all. Indeed, the war could also have a direct impact on sales of new cars. This is what…
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