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The Latest Breaking News from Thomas Schaefer

Volkswagen to shut at least three German factories, union warns; Oil price falls 5% after Israel’s attack on Iran – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

GM Pushes On With The Key To Its EV Future: Profits

GM Pushes On With The Key To Its EV Future: Profits

General Motors has good news on the EV front after its 2024 Investor Day event. Meanwhile, Volkswagen tries again and Honda hedges its bets.

Volkswagen Will Cut Staffing Costs By A Fifth As Part Of Group's $10.8B Savings Plan (Updated)

Volkswagen Will Cut Staffing Costs By A Fifth As Part Of Group's $10.8B Savings Plan (Updated)

VW brand CEO Thomas Schaefer said last week that the carmaker is “no longer competitive,” so the company is cutting deep.

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Scout Motors Electric Pickup And SUV Will Be Developed With Magna Steyr

Plus, VW to cut administrative staff costs by a fifth.

VW makes a major move that investors need to know about

The German automaker has to contend with issues in the United States and in Europe.

Volkswagen invested billions in EVs following Dieselgate scandal—now, its brand is ‘no longer competitive’

Volkswagen is looking to restructure costs with possible layoffs at the Germany automaker along with measures to improve efficiency and productivity.

VW Weighs Staff Reductions As Electric Shift Stalls

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.

International Business Times

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Volkswagen Has No Plans For New ICE Golf Beyond Current Model: CEO

Volkswagen Has No Plans For New ICE Golf Beyond Current Model: CEO

Thomas Schaefer said Volkswagen will use the Golf name on a battery-electric vehicle arriving as early as 2028 with Scalable Systems Platform underpinnings.

Volkswagen Group's Four Entry-Level EVs Will Be Made In Spain

VW brand CEO Thomas Schaefer confirmed the small EVs for the Cupra, Skoda, and Volkswagen brands will be made at the Martorell and Pamplona factories.

Volkswagen To Preview New Electric Car On March 15, Is It The ID.2?

Volkswagen To Preview New Electric Car On March 15, Is It The ID.2?

VW says the vehicle represents not just a specific preview of a new EV model, but also introduces the new design language for the brand's future models.

Volkswagen ID.2 Test Mule Looks Weird With Shortened ID.3 Body

Volkswagen ID.2 Test Mule Looks Weird With Shortened ID.3 Body

At first glance, this test mule looks just like a Volkswagen ID.3, but a closer look reveals a shorter wheelbase and much smaller rear doors.

VW Brand Design Boss Replaced Over Claimed EV Differences With CEO

Effective February 1, Jozef Kaban will be replaced by Bentley's former chief designer, Andreas Mindt, who will be succeeded at Bentley by Tobias Suehlmann.

VW Boss Confirms Brand Is Going EV-Only In Europe From 2033

Ten new electric Volkswagens will be launched until 2026.

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