US tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and Mercedes.

Europe’s embattled automakers and their investors just got a reprieve. Volkswagen stock rose as much as 5% after the European Union said it would relax the bloc’s carbon-dioxide emissions rules—removing the immediate threat of fines.

Volkswagen’s electric SUV is making a comeback. Last month, the Volkswagen ID.4 topped Tesla’s Model Y to become the best-selling EV

Europe’s beleaguered automakers are also affected by high tariffs on imports from Mexico and Canada. Shares in Volkswagen, Mercedes-Benz and BMW all dropped early Tuesday, echoing the declines in U.S.

Tariffs, or even the whiff of them, could severely hike their prices for American buyers—and ding carmaker profits.

Volkswagen is undoubtedly one of the prominent legacy OEMs in the electric vehicle (EV) besides EV giants like Tesla and BYD. The German carmaker has now unveiled its next venture in the EV space. The company has finally unveiled its entry-level EV called ID.Every1 which was teased earlier this year.

German automaker Volkswagen has presented a world premiere of a new all-electric show car called the ID. EVERY1. This

TESLA sales in Europe – including Britain – have plummeted by 45 percent as Elon Musk’s popularity continues to tumble. The electric car boss has been sparking controversy since

Volkswagen ID.4 took the sales crown in Europe in January and ranked third in the US, as anti-Tesla protests are affecting sales on both sides of the Atlantic