Volkswagen plans price hikes, halts shipments from Mexico

Germany's carmakers among most affected by Trump's higher levies on auto imports

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Volkswagen AG plans to add import fees to the sticker prices of its vehicles shipped into the US, indicating Donald Trump's 25 per cent auto tariffs will have an immediate effect on Europe's biggest carmaker.

VW sent US dealers a memo informing them of the fees, as well as moves to temporarily halt rail shipments of vehicles from Mexico and hold at port cars shipped from Europe, Automotive News reported. A company spokesperson confirmed the existence of the memo and declined to comment on its content.

Industry rattled