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The Latest Breaking News from Volkswagen

Volkswagen rescue plan 'short on specifics' after tense stakeholder talks

Volkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operations and investment. Analysts noted a lack of agreement on job cuts and plant closures. Volkswagen faces high costs and rising competition from China. The German auto giant is under pressure to restructure…

The Economic Times

The VW Group Is Gutting Its Lineup. Up To Half Its Models Could Die

The automotive conglomerate is drastically reducing its model portfolio.

Motor1

I Saw Scout's New Trucks Up Close. They Could Be Worth The Wait

We saw Scout's Traveler and Terra electric Pickup and SUV up close, inside and out. Here's what we thought.

InsideEVs

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Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Chief Executive Oliver Blume is considering cutting 100,000 jobs worldwide, around 16% of Volkswagen's global workforce, and closing three Volkswagen plants in Germany as well as one Audi factory,

Euronews

Carnegie Fonder questions Persistent Systems' Nagarro acquisition, cites growth concerns

In an open letter on professional networking website LinkedIn, portfolio manager Gunnar Pahlson questioned the logic of paying a 140% premium for a slower-growing, lower-margin European business exposed to cyclical industrial and automotive clients, including accounts tied to Lufthansa and Volkswagen.

The Economic Times

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Euronews

VW workers protest in Germany over proposed job cuts and factory closures

Demonstrations at 18 sites set up as radical transformation plan put to board of Europe’s biggest carmaker

The Guardian - UK

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Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts. IG Metall is organising protests by VW workers outside plants across the country Thursday, when the carmaker's…

The Economic Times

You Think Your Electric Lawnmower is Eco Friendly? Volkswagen Just Replaced Its Lawnmowers With Sheep

Volkswagen replaced the mechanical lawnmowers at the solar farm that powers its factory in Poland with a flock of 100 sheep whose grazing keeps the grass short.

InsideEVs

German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat

VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs

The Guardian - UK

What are the key issues in Volkswagen's restructuring efforts?

Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants and significant job cuts. The company is also reviewing its structure and may spin off business divisions. Management and labor representatives will likely begin months of talks on these…

The Economic Times

China is bringing back buttons – and it’s time the rest of the car industry did, too

DRIVESMART: China has ordered car makers to bring back physical buttons for 19 safety-critical functions – and even VW admits it got carried away with “spaceship” interiors. Steve Fowler explores the return of the button, in his latest DriveSmart newsletter

The Independent UK

'We Don't Really Need VW,' Says Ducati CEO After Sale Talks Spread

Ducati CEO Claudio Domenicali stated that the motorcycling giant doesn't 'need' parent company Volkswagen's support after the German company didn't deny rumors of it selling off the motorcycle brand.

RideApart

Brickbat: Leave the Driving to Us

German politicians are promising to block Volkswagen's plan to cut about 100,000 jobs and close four factories in Germany. The… The post Brickbat: Leave the Driving to Us appeared first on Reason.com.

Reason

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Motor1

This Volkswagen Supercar Isn't Real, But It Should Be

This is the Volkswagen ID.DIN T14, a design concept from an intern.

Motor1

Volkswagen Explains Why The New Atlas Looks Different Than China's Teramont

The Atlas has a higher hood, conventional door handles, and other subtle styling differences. And there's a reason why.

The Independent UK

This Scottish road trip made me fall back in love with campervan holidays

Emma Cook may have chequered memories of her childhood camping holidays, but after traversing the Highlands she discovers a more elevated side to life on the open road

The Independent UK

Volkswagen ID.3 Neo review: VW rights the wrongs of its first EV hatch

Volkswagen’s heavily revamped electric family hatch gets a new name, a much smarter interior, proper buttons and up to 391 miles of range – and I’ve driven it

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Motor1

Mechanic Orders Parts. Then He Says Kia And Hyundai Are The ‘Exact Same Company’: 'You’re Paying For A Logo'

"You might be surprised."

Caixin Global

Energy Insider: China’s Russian LPG Imports Surge in First Five Months

China and the EU establish a trade and investment consultation mechanism; CATL and Ford’s battery plant starts production

RideApart

VW Doesn't Deny It's Looking To Sell Ducati In Official Statement

A recent report states that financial advisors are telling Volkswagen to sell off Ducati in order to help its financial position. Volkswagen has now commented on the subject, but didn't deny the report or its contents.

The Guardian - UK

EU urged to exempt UK from car rules that could be worst Brexit impact yet

Bloc’s ‘made in Europe’ regulations risk shutting out British manufacturers in ‘most spectacular own goal in history’

The Economic Times

Explained: Why Tata Elxsi shares crashed 7% after KPIT Tech’s Q1 revenue, profit guidance warning

Tata Elxsi shares fell sharply on Wednesday after rival KPIT Technologies warned of weaker-than-expected Q1FY27 revenue and margins due to a sudden slowdown in orders from European automakers. The update raised concerns over demand across the automotive engineering and software services space, weighing on peer stocks.

The Economic Times

KPIT Tech shares hit by downgrades, target price cuts. What JPMorgan and other brokerages said

KPIT Technologies shares plunged after the company issued a weak preliminary Q1 FY27 business update, prompting several brokerages, including JPMorgan and JM Financial, to downgrade the stock and cut target prices. While analysts remain optimistic about the company's long-term prospects, they expect near-term earnings and growth to remain under pressure.

The Economic Times

Why KPIT Tech shares crashed 17% today: The BMW & Volkswagen connection explained

KPIT Technologies witnessed a significant 17% stock plunge following a revenue slowdown warning for Q1FY27, primarily due to unexpected cutbacks from European auto giants like BMW and Volkswagen. Analysts have downgraded the stock, citing a steeper than anticipated revenue drop and a larger hit to profit margins. While the company…

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