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The Latest Breaking News from Arno Antlitz

Volkswagen profit drops as carmaker signals further cost cuts

Volkswagen warned its future is at risk as profits fell sharply and it signalled deeper cost cuts. The carmaker is battling weak demand in China, rising competition, tariffs and pressure to simplify its complex structure.

Euronews

Volkswagen indicates shortage of Chinese chips would hit profits

New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdowns

The Guardian - UK

Sing when you’re winning: how karaoke in cars heralds the triumph of Chinese firms

European manufacturers of electric vehicles are scrambling to match the technology of their Chinese rivals

The Guardian - UK

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Scout Will Use a Naturally Aspirated VW Engine Made in Mexico

Although range anxiety is gradually becoming less of a problem as technology progresses, it remains a significant concern when shopping for a large truck or SUV. Weight is the main enemy of efficiency and, consequently, range. That’s why some automakers are promoting a stop-gap solution until battery technology becomes fully…

Motor1

Volkswagen Is Making Less Money Because It's Selling More EVs

The Volkswagen Group’s earnings after tax plummeted 40.6 percent to €2.18 billion in the first quarter of 2025. At first glance, you might assume this sharp decline was due to a drop in sales. But that’s not the case. Deliveries actually rose by 1.4 percent to 2.13 million units. So…

Motor1

Automakers suspend financial guidance amid tariff uncertainty

Stellantis, Mercedes-Benz, and Volkswagen join GM and Volvo, who suspended guidance earlier this week.

Al Jazeera

Volkswagen's EV Sales Are Up. Here's The Downside

They say the first step to recovery is admitting you have a problem. And to the Volkswagen Group's credit, it's been admitting it has a problem for some time now.

InsideEVs

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More Automakers Drop Earnings Guidance Over Tariffs

Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.

International Business Times

Volkswagen Group sees plunge in performance as US tariffs pose risks

Volkswagen Group, along with the wider global car industry, is significantly vulnerable to changing US tariffs, mainly because of how globalised auto supply chains currently are.

Euronews

Volkswagen Says Tariffs Will Dampen Business As Profit Plunges

Europe's largest carmaker Volkswagen said Wednesday that first quarter profit plunged due to higher costs as it warned of muted business for the rest of the year in the wake of trade tensions.

International Business Times

Volkswagen CFO delivers warning to unproductive staff

Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.

Fortune

'Volkswagen Is Not Earning The Money It Needs'

We knew something like this was going to happen. But now we know the numbers. After more than a year of operating in an unprecedentedly tough environment in Europe and China, things came to a head for the Volkswagen Group this week as it posted its third-quarter financial results. And…

InsideEVs

Volkswagen Sees 'Painful' Cost Cuts Ahead As Profit Plunges

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.

International Business Times

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

Volkswagen says significant cost cuts are urgently needed as it reports a steep decline in third-quarter earnings and faces employee representatives angry at the possibility of the automaker’s first plant closures in Germany

The Independent UK

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The Independent UK

As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

Motor1

VW Has 'One, Maybe Two Years' to Turn Things Around, Says Finance Chief [UPDATE]

Chief Finance and Operating Officer Arno Antlitz painted a dire picture of VW Group's future during a meeting with workers in Germany.

InsideEVs

Volkswagen Chief Warns Brand Has 'One, Maybe Two' Years To Get It Together

Today on Critical Materials: VW puts a clock on getting their ship in order, BYD pauses its Mexico plans and Ultium workers in Tennessee join the UAW.

The Guardian - UK

Volkswagen has ‘a year, maybe two to turn around’, financial chief warns

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

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InsideEVs

Volkswagen Group's Electric Car Order Bank Shrunk By 50% In Europe

The Volkswagen Group experiences lower than expected demand and sales of electric cars, but intends to maintain its pricing, prioritizing margins.

InsideEVs

VW Group “Quite Confident” It Can Make $27,000 EVs

It will be interesting to see how the German group’s offerings will compete with EVs from rival brands Renault and Lancia, and whether or not they'll make their way to the United States.

Benzinga

Volkswagen CFO Reasons Why It Seeks To Pursue Porsche IPO Amid Market Volatility

Volkswagen AG (OTC:VWAGY) continues to strive for an initial public offering (IPO) for Porsche in the fourth quarter amid market volatility, Reuters reports. "We are optimistic we can pursue this project in the fourth quarter," CFO Arno Antlitz said at the Reuters Automotive Europe conference in Munich. "Porsche would gain entrepreneurial freedom, we can…

InsideEVs

Volkswagen Looking At US Sites For New Factory To Build Scout EVs

Volkswagen Group CEO acknowledged that the company is shopping for US sites for new plant; separately, CFO Arno Antlitz said the Scout brand might be listed.

InsideEVs

Volkswagen Group: EVs Are Basically Sold Out In Europe And US For 2022

The Volkswagen Group reports that demand for its electric cars significantly overwhelms the manufacturing capacity.

InsideEVs

Volkswagen Group: Some EV Models Already Sold Out Until 2023

Volkswagen AG's Chief Financial Officer Arno Antlitz revealed this week that the group notes strong demand for electric cars.

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