Volkswagen AG plans to build a new $4 billion factory for its premium Audi brand in the southern US state of Georgia, expecting the move will yield potential relief from tariffs that have severely eroded profits.

Robert Bosch GmbH plans to legally separate its automotive-parts business, as the world’s largest car supplier races to cut costs and respond to intensifying competition from China.

Mercedes-Benz Group AG Chief Executive Officer Ola Källenius warned that the European Union’s push to shield its car industry risks driving costs even higher and creating distortions across global supply chains.

BYD Co.’s premium Denza brand may set up its own car financing operation in Europe as soon as next year, potentially a big step to challenge premium brands like BMW AG and Mercedes-Benz Group AG.

Bentley Motors Ltd. unveiled its first fully electric car, a luxury SUV with pure Merino-wool trim, as the Volkswagen AG unit seeks to improve profitability and establish itself in the high-end EV market.

Volkswagen AG slashed its profit forecast after a sharp contraction in China and a €6 billion ($6.9 billion) writedown tied to sports-car maker Porsche AG, deepening concerns about the strains facing the global auto industry.

Volkswagen AG is considering offloading motorcycle manufacturer Ducati, as part of a sweeping overhaul of the German automaker’s sprawling portfolio.

Thyssenkrupp AG raised the low end of its full-year profit guidance as it reported strength at its steel and naval divisions despite a challenging global industrial environment.

Ferrari NV raised its full-year guidance, as demand for limited-run models like the F80 and a more expensive version of its Purosangue four-seater drove higher second-quarter results.

The Audi group sees lower sales and profitability this year as worsening conditions in China and US tariffs hamper the carmaker’s turnaround efforts.

Bain Capital emerged victorious in one of Europe’s most hotly contested private equity auctions with an agreement to buy a controlling stake in Volkswagen AG’s heavy diesel-engine unit.

Porsche AG confirmed its profit outlook for the year as the 911 maker pushes to become leaner to revive margins battered by US tariffs and weak demand in China.

SAIC Motor Corp.’s MG unit has selected Spain for its first European car factory, a move that will help the Chinese automaker soften the blow of European Union tariffs.

Thyssenkrupp AG maintained its key earnings and cash-flow targets, while striking a more cautious note on sales because of heightened geopolitical uncertainty and its impact on international markets.

Stellantis NV is giving China’s Leapmotor access to a plant in Spain, and the partners will build an EV together to deepen ties as the maker of Opel and Fiat cars seeks to shore up its European operations.

Porsche AG’s first-quarter sales fell after a steep drop in China, where luxury spending remains subdued, compounding pressure from model transitions and slowing demand for electrified cars in the US.

Volvo Car AB said the war in Iran hurt US demand in the first quarter, offering one of the clearest signs yet that the conflict is starting to dent sales as higher fuel prices curb spending.

Chinese automakers regained momentum in Europe in February, increasing pressure on Western incumbents after a brief sales slowdown at the start of the year.

Germany’s chemical industry warned shockwaves from the Iran war are beginning to ricochet through Europe’s largest economy with a number of companies dialing down output as supply chains seize up and energy costs surge.

Senior officials at Thyssenkrupp AG are increasingly doubtful that a potential deal to sell the company’s steel division to India’s Jindal Steel International can be agreed, people familiar with the matter said.