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The Latest Breaking News from Volkswagen

'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

The Best Kia Tasman Is the Base Work Truck

Kia is dipping its toes into the truck market with the Tasman, a not-for-America mid-size pickup with a polarizing design. It looks far more striking than any of its rivals, be it the Ford Ranger or the Toyota Tacoma. It also stands out compared to other trucks we don’t get…

Motor1

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Volkswagen hit by 60% fall in profits as sales in China slump

Drop comes as carmaker faces battle with unions over plan to shut three factories in Germany

The Guardian - UK

Volkswagen Profit Plunges On High Costs, Chinese Slump

The German car giant -- whose 10 brands range from its core VW models to Seat, Skoda and Porsche -- has been hit hard by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.

International Business Times

The New Skoda Kodiaq RS Is a Sensible Performance SUV

For a long time, performance SUVs were only available if you shopped from luxury brands. However, the niche has grown to include several mainstream automakers, including Skoda. Originally launched four years ago with a bi-turbodiesel engine, the Kodiaq RS switched to gasoline for its facelift in 2021. Now, the second-generation…

Motor1

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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What to know about Europe's tariffs on Chinese electric vehicles

The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

The Independent UK

Industrial Slump Leaves Germany On Brink Of Recession

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession.

International Business Times

Beijing Files WTO Complaint Over EU's New Taxes On Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

International Business Times

Beijing files WTO complaint over EU's new taxes on Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organisation over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

Radio France Internationale

EU Imposes Duties On Chinese Electric Vehicle Imports

EU imposes duties on Chinese electric vehicles due to unfair pricing practices and rising market share. German auto industry expresses concerns over tariffs.

Top News

EU Adopts Extra Tariffs Of Up To 35.3% On Chinese EVs

The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support to local manufacturers was unfair.

International Business Times

What the papers say – October 29

Here are the biggest stories leading Tuesday’s front pages.

Evening Standard

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International Business Times

Hunter Kills Mayor In Austria Shooting Spree: 'It's Madness'

The mayor of an Austrian city is dead after a gunman shot him and another person then fled in a Volkswagen.

TechRadar

The Scout Terra electric pick-up is a throwback to the golden age of American trucks

Finally, the front bench seat is making a return

Motor1

Things Are Sounding Grim at Volkswagen

Volkswagen employees in Germany are likely preparing for a fight. The automaker is facing some financial hurdles and will likely have to take drastic action to reduce costs. We'll get our first look at VW's proposals later this week, but the company could be on the brink of closing at…

InsideEVs

The Sword Comes For Volkswagen

It's been a strange and unpredictable year for electric vehicle sales in America and, frankly, for new car sales in general. But if you want to assess the European market, replace the adjectives above with "apocalyptic." Intense competition from China, a weak economy, slowing EV demand as subsidies evaporate and…

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The Guardian - UK

Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union

German carmaker warns of stagnation in the European sector amid news of deeper-than-expected action

International Business Times

Crisis-hit VW Mulls Closing At Least Three German Plants

Ailing auto giant Volkswagen plans to close at least three factories in Germany and slash tens of thousands of jobs as part of drastic cost-savings drive, workers' representatives said Monday, calling the proposed cuts "of historic dimensions".

The Independent UK

Volkswagen's employee council says the automaker plans to close at least 3 German plants

The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in Germany

International Business Times

Crisis-hit VW Eyeing Plant Closures, Deep Pay Cuts: Report

Workers' representatives will update VW staff at all 10 German plants about management's latest savings proposals at 1000 GMT, with many bracing for news of thousands of job cuts.

International Business Times

Volkswagen Mulls Cut In Wages, Bonuses To Save 4 Billion Euros: Report

The carmaker faces mounting pressure to reduce expenses amid a challenging economic climate. Workers have slammed the management for allegedly failing to provide a clear future strategy.

The Street

VW's plans to sell its cool, new EVs might land itself into trouble

The automaker's new sub-brand has cool, new EVs, but key players are feeling left out.

Motor1

The 2025 Audi RS3 Is Somehow Even Better: First Drive Review

All it took was a young, hungry Austrian engineer by the name of Ferdinand Karl Piëch to think, "An inline-four runs a bit too rough" and "Well, an inline-six is a bit too long" for the odd but lovable inline-five to first exist, then become the defining engine layout for…

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