VW CEO Diess warns Ukraine war risks economic damage worse than pandemic

VW Diess with mask — Europe faces huge threat of higher inflation from prolonged conflict in Ukraine, Diess said. (Krisztian Bocsi/Bloomberg)

By:

Reuters

March 10, 2022 07:22 AM

Volkswagen Group CEO Herbert Diess warned that a prolonged war in Ukraine risks being "very much worse" for the European regions economy than the coronavirus pandemic.

Featured Stories

Pre-tariff stampede delivers double-digit retail gains in March

Top 150 dealership groups continue to grow strategically and consolidate the industry

Here’s our list of the 2025 Top 150 dealership groups

Detroit 3 executives press Trump to temper tariffs as deadline approaches

Latest News

Chinese automakers Dongfeng Motor and Changan Auto hold merger talks

HYUNDAI-GENESIS Q1: Sales up 11% on demand for crossovers, mix of powertrains

Subaru Q1 sales up 9.1% with March the brand’s best month ever

Mercedes-Benz USA dealer network boss Frank Diertl to retire

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Vancouver auto show boss on Tesla’s removal and whether it’s welcome back

GM’s ‘woefully underutilized’ CAMI plant ideal spot for joint GM-Hyundai vans, analyst says

Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says

Porsche, Mercedes face $3.7B hit from U.S. auto levies

Staying current is easy with newsletters delivered straight to your inbox.