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The Latest Breaking News from Volkswagen

In an interview with German newspaper Bild last month, Volkswagen CEO Oliver Blume was painfully honest about the automaker's delicate situation. He blamed "decades-long structural problems" for the lack of competitiveness, citing high labor costs as one of the main culprits. Massive layoffs, pay cuts, and even plant closures are looming…

Motor1

Volkswagen workers in Germany to strike over plan to cut jobs and pay

Employees take action over plans to axe at least three plants in first domestic closures in company’s 87-year history

The Guardian - UK

Thousands To Strike At Volkswagen's Germany Plants

Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake.

International Business Times

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VW's German Workers To Strike From Monday

Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday.

International Business Times

Tesla, Two Other Brands' EV Sales Are Most Driven By Tax Credits

President-elect Donald Trump has vowed to repeal the electric vehicle tax credits ushered in by the Inflation Reduction Act, but that move is surprisingly supported by his new buddy-advisor-campaign financier Elon Musk. But a new study from J.D. Power indicates that Tesla's sales really do stand to take a hit…

InsideEVs

'Volkswagen India Unit Faces $1.4 Billion Tax Evasion Notice' - Reuters News

https://www.reuters.com/business/autos-transportation/volkswagen-india-unit-faces-14-billion-tax-evasion-notice-2024-11-29/ India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion

Benzinga

Why Qatar is buying into troubled Audi F1 programme

"Be fearful when others are greedy – and greedy when others are fearful." The famous words of US investment guru Warren Buffett aptly sum up the Qatari Investment Authority's reasons for taking a shareholding in Audi's Formula 1 team.

Autosport

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Audi insists VW Group crisis no threat to F1 project amid Qatar buy-in

Audi boss Gernot Dollner insists the manufacturer’s commitment to Formula 1 is not threatened by the financial dramas faced by parent company the Volkswagen Group.

Autosport

Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian

Critics advise the incoming Trump administration to pull the plug on “corporate-welfare loans handed out for political reasons.”

Fortune

Volkswagen Taps Rivian Partnership For Upcoming Flagship EV 'Project Trinity'

Volkswagen will leverage its partnership with Rivian to power its upcoming flagship electric vehicle, codenamed "Project Trinity."

Benzinga

Volkswagen and Rivian Are Working on a New Electric Golf

The e-Golf you see here had to die so that the bulbous ID.3 could live. However, Volkswagen is preparing a switcheroo. It plans to delete the combustion engine from its most popular car once again. When that happens, the ID.3 is likely to be axed, as Kai Grünitz, the head…

Motor1

Rivian Will Power Volkswagen’s Electric Golf, ‘Project Trinity’

Volkswagen's flagship EV, coined "Project Trinity," has been hyped up as the German brand's saving grace in a time when VW has gone from just a cool guy brand to one that is struggling to convince people to buy their vehicles. But, VW has also been kicking Trinity's can down the…

InsideEVs

German Fortune 500 companies announced over 60,000 layoffs this year

German giants including Bosch, Thyssenkrupp, and Deutsche Bahn have axed thousands of jobs this year.

Fortune

Volkswagen Sells Xinjiang Plant Amid Human Rights Controversy

Volkswagen sells Xinjiang plant due to shift to electric vehicles and economic reasons amid human rights concerns.

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The Independent UK

Uniqlo boss says retailer does not use Xinjiang cotton

Tadashi Yanai stops short of revealing source of cotton fearing politicisation of row

Motor1

It Begins: Volkswagen Just Sold Off a Plant in China

Volkswagen is making some tough decisions as it attempts to realign its business operations. The automaker is facing strong financial headwinds and looking to cut costs, which could include closing factories in Germany for the first time. "Economic reasons" are already affecting plants outside VW's home country, with the automaker…

Motor1

Volkswagen Is Planning a Major Design Overhaul With More Buttons

Facing plant closures and massive layoffs, it’s safe to say Volkswagen has lost its mojo. The years when the Golf used to dominate sales charts in Europe seem like distant memories. The so-so styling of its electric cars isn’t exactly driving people into showrooms, and the oversimplified interiors aren't helping…

The Independent UK

Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040

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International Business Times

Volkswagen Says To Sell Operations In China's Xinjiang

German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.

The Independent UK

After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

Benzinga

Volkswagen Gets Much-Need Tech, Rivian A Cash Infusion With New JV

Volkswagen (OTC:VLKAF) has boosted its initial investment in American electrical vehicle (EV) maker Rivian (NASDAQ:RIVN) to $5.8 billion, $800 million more than initially planned.

Motor1

Volkswagen CEO: Plant Closures, Layoffs Can't Be Avoided

It looks like Volkswagen Group is headed for a historic closure of plants in Germany. VW Brand CEO Thomas Schaefer believes it will take three to four years for the company to restructure, and that can't happen without some significant cuts.

MarketBeat

Elon Musk and Trump Push for Self-Driving Cars: 3 Stocks to Gain

Trump-era shifts may accelerate autonomous vehicles, benefiting stocks like Mobileye, Ouster, and Aurora with opportunities in the growing AI-driven market.

InsideEVs

The Battery Crisis Taking Europe's EV Sector By Storm

I feel like a broken record at this point, but the electric vehicle race isn't just about cars. It's about who controls the battery supply chain, and thus one of the most crucial energy technologies of tomorrow. As is the case in the U.S., Europe is trying to break free…

Fortune

Bosch extends unwanted 4-day week to 10,000 employees amid Germany struggles

Robert Bosch, which employes around 429,000 people, is overhauling its workforce as the company struggles with Germany’s flatlining economy.

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