Keywords: Volkswagen
Volkswagen Group and Chinese battery manufacturer Gotion High-tech are expanding their long-standing cooperation through three planned joint ventures in Spain, Slovakia and Morocco, as the companies seek to build a more integrated battery supply chain for the European electric vehicle market. The agreement......
Global automakers are increasing their focus on the US market as competition and economic pressures reshape the international automotive industry. The shift comes as manufacturers face weaker conditions in some major overseas markets, particularly China and parts of Europe, while the United States continues......
Volkswagen and Audi are recalling more than 2.1 million vehicles worldwide over a potential defect affecting the steering system, raising safety concerns for owners of several popular models. The recall involves a steering rack connection that could become damaged under certain conditions and, in the......
Europe’s automotive market is showing signs of renewed growth, but the latest figures also highlight the structural challenges facing traditional manufacturers as electric vehicles gain market share and Chinese brands expand their presence. According to data from the European Automobile Manufacturers’......
Volkswagen has lost its place in the Euro Stoxx 50 index, ending the German automaker’s roughly 15-year presence among the leading publicly traded companies in the eurozone. The change follows the latest annual review of the benchmark, which assesses companies according to factors including free-float......
Volkswagen is preparing for a major restructuring aimed at significantly reducing costs and improving profitability, with up to 50,000 jobs potentially affected worldwide in the coming years, around half of them in Germany. The German automaker’s supervisory board has unanimously approved a broad......
German automotive giant Volkswagen plans to eliminate another 50,000 jobs over the coming years as part of an extensive cost-cutting and restructuring program aimed at improving the competitiveness of the group. The company said Thursday evening that reducing its global workforce capacity was necessary......
The German industrial landscape of Volkswagen could undergo a major transformation over the next decade. The management of the automaker is considering gradually ending production at four of its German sites between 2031 and 2034, according to reports on Tuesday from the German economic media WirtschaftsWoche. The......
The future of several Volkswagen factories in Germany is becoming bleak as the manufacturer compares its production costs with those of its other European locations. CFO Arno Antlitz acknowledged that no economically viable replacement production has currently been identified for four German sites following......
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