If President Trump pursues the proposed 100-percent tariff on Mattel, the Hot Wheels parent corporation, it could not be too long before consumers face higher prices for the cherished little cars. Trump’s planned tariffs on Mattel’s CEO, Ynon Kreiz’s comments on production diversification, may be reflected in higher prices for customers throughout the country. Tariffs: A Double-Edged Sword In a...
In 2010, Volkswagen Group acquired an impressive 90.1 percent stake in Italdesign, an upscale Italian design entity that gave birth to various iconic sports and supercars. While Lamborghini operated as the means of purchase, Italdesign found itself in Audi when Volkswagen Group purchased it. However, it has now become clear that Audi could be looking to liquidate Italdesign, which has...
Porsche deals with important strategic modifications because Volkswagen Group operates within an industry that is expanding quickly. Further cost-cutting measures at Porsche will become effective through employee downsizing that aims to reduce the workforce to 2,000 employees by 2029 while the industry encounters fluctuating demand and economic instability. It is not only Porsche’s problem to reduce jobs, but it is...
The auto industry survey found Honda and Nissan pulled out of the merger plan, which would have made them the third-largest car manufacturing company in terms of output. The decision was made within less than two months after the announcement of the possible merger, emphasizing the fact that any integration of this scale in business most often encounters numerous difficulties....
In a constant talk of EVs and sustainability, arguably one of the most iconic car manufacturers, Porsche, made quite a strategic decision of sticking to combustion engine cars indefinitely. It is indicative of the conundrum that car companies face as they try to drive innovation between the old, reliable internal combustion engine and the new, critical electric systems. However, in...
During a financial conference call to review Ford’s performance in the year 2024, the company’s chief executive Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry and consumerism. Earlier this week, the administration of Trump placed a 25-percent tariff on goods imported from Mexico and Canada and then removed it and replaced...
