Keywords: Volkswagen
Audi is preparing to deepen its collaboration with parent company Volkswagen as the premium carmaker seeks to reposition its business in response to weakening demand in key international markets and growing pressure across the global automotive industry. The strategic direction was outlined by Audi......
German automaker Volkswagen posted a steep decline in second-quarter earnings after weaker sales in China and significant one-off charges weighed heavily on its financial performance. The disappointing results underline the mounting challenges facing one of Europe's largest car manufacturers as global......
Volkswagen is strengthening its autonomous driving strategy in China by expanding the collaboration between its local automated driving unit, CARIZON, and Chinese technology company Horizon Robotics. The enhanced partnership is designed to accelerate the development of next-generation artificial intelligence......
Employees at Volkswagen will have the opportunity to question Chief Executive Officer Oliver Blume during extraordinary staff assemblies scheduled for late August, as concerns grow over the company's restructuring plans and the future of thousands of jobs. According to the company's works council,......
The German state of Lower Saxony is considering acquiring a stake in Volkswagen AG's Osnabrück manufacturing plant as part of efforts to support its transition from automotive production to defence manufacturing, according to a report by Capital magazine. If implemented, the move could become......
German automotive manufacturers experienced another difficult quarter in China, with Volkswagen, Mercedes-Benz and BMW reporting significant declines in vehicle sales as competition from domestic brands intensified in the world's largest automobile market. The latest figures highlight the mounting......
Volkswagen's efforts to advance a broad restructuring plan remain clouded by uncertainty after high-level discussions with key stakeholders concluded without clear announcements on the company's proposed cost-cutting measures. A meeting of the German automaker's supervisory board ended late......
Volkswagen is preparing a major overhaul of its employee performance and compensation framework, with plans to eliminate its current bonus system from 2027 as part of a broader corporate transformation, according to a report published by Germany's Bild newspaper. The changes are expected to form......
The German government has said it is working to prevent the closure of domestic factories operated by Volkswagen, as Europe’s largest carmaker continues to face pressure from rising costs, global competition, and industrial restructuring challenges. A government spokesperson stated on Monday that......
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