Automotive industry, Business, Transport Business | The Guardian
The threat of tariffs from Donald Trump is hanging over the manufacturer, its chief executive says The boss of Bentley has warned the carmaker would pass on the costs of threatened US tariffs to buyers, as the British luxury car brand reported a drop in profits because of weaker demand from China.The brand, owned by Germany’s Volkswagen, on Wednesday reported an operating profit of €373m (£314m) in 2024, the fourth-highest in the company’s 105-year history. However, that was down more than a third from €589m the year before. Continue reading…
The threat of tariffs from Donald Trump is hanging over the manufacturer, its chief executive says
The boss of Bentley has warned the carmaker would pass on the costs of threatened US tariffs to buyers, as the British luxury car brand reported a drop in profits because of weaker demand from China.
The brand, owned by Germany’s Volkswagen, on Wednesday reported an operating profit of €373m (£314m) in 2024, the fourth-highest in the company’s 105-year history. However, that was down more than a third from €589m the year before.