Volkswagen, BMW, and Audi hit by China slowdown and US tariffs

German automakers Volkswagen, BMW, and Audi are reporting significant sales declines, primarily due to weak demand in China and new US tariffs. Volkswagen is considering drastic cost-cutting measures, including halving its model lineup, cutting up to 100,000 jobs, and closing factories. Audi's half-year deliveries fell due to competition in China and US tariffs, while BMW's car sales dropped sharply after a 30% plunge in China. Volkswagen also reported an 8.6% drop in second-quarter deliveries, with its China business particularly hard hit.