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Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
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Volkswagen Weighs First-Ever Germany Plant Closures To Cut Costs
Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks, delivering another blow to Chancellor Olaf Scholz's government.
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EU Electric Car Makers May Soon Have Level Playing Field With US EV Manufacturers For Subsidies: Details
European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...
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The Long, Winding Road To Volkswagen's Porsche Initial Public Offering
Shares in Volkswagen's sportscar brand Porsche started trading on Thursday in what marks Germany's second-largest listing ever as well as a new phase in a sometimes fraught relationship between the two auto brands that goes back decades.
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Mahindra Said to Be in Talks to Raise Up to $500 Million to Accelerate Plans to Build Electric Vehicles in India
Mahindra is said to be in discussions with global investors as the automaker seeks to raise an investment of up to $500 million (roughly Rs. 4,040 crore) ahead of plans to build electric vehicles in the country. The talks are said to have taken place a few weeks after the company announced that it plans to launch five electric SUVs over the next f...
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Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
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Volkswagen CEO Warns Shift To Electric Vehicles Could Cost 30,000 Jobs
A Volkswagen spokesperson confirmed Diess' position that Tesla and others' presence in Germany heightened the urgency of transitioning to EVs, but denied that specific calculations had been made on how many jobs could be lost in the process.
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12 Brands Under The Volkswagen Group Umbrella
Heres a list of 12 brands that are owned by Volkswagen Group.
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Tesla Pushing Volkswagen to Accelerate Electric Vehicle Shift, Company Says on Competition
Competition from new entrants to Germany's autos market such as Tesla has pushed Volkswagen to accelerate plans to transform its main plant towards producing electric vehicles, the company said.
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Volkswagen CEO Warns Shift To Electric Vehicles Could Cost 30,000 Jobs
Volkswagen's CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.
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Porsche To Build EV Battery Cells Factory In Germany: Report
Porsche plans to set up a factory to produce battery cells for electric vehicles, which would be located in the Swabian town of Tuebingen, Germany.
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Volkswagen Delivers First ID.4 Electric SUVs To Customers In Germany
The electric vehicles were handed over to customers in the delivery centres at the Transparent Factory in Dresden and the Autostadt in Wolfsburg.
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Volkswagen's Market Value Crosses 100 Billion Euro Mark For The First Time Since 2015
When the market value of Germany's Volkswagen briefly rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it.
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Toyota Beats Volkswagen To Become World's No.1 Car-Seller In 2020
Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.
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Germany Urges Taiwan to Help Ease Auto Chip Shortage Affecting Ford, Toyota, Volkswagen, Others
German Economy Minister Peter Altmaier has asked his Taiwanese counterpart Wang Mei-hua to help ease a shortage of semiconductor chips in the auto sector through talks with Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and one of Germany's main suppliers.
-
Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
-
Volkswagen Weighs First-Ever Germany Plant Closures To Cut Costs
Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks, delivering another blow to Chancellor Olaf Scholz's government.
-
EU Electric Car Makers May Soon Have Level Playing Field With US EV Manufacturers For Subsidies: Details
European Union officials are expected to reach an agreement with their US counterparts as the bloc aims to get the same status as US car makers for EV manufacturers in the EU. The US Inflation Reduction Act offers government tax breaks or subsidies for purchases of electric cars but makes such support conditional on the car, or parts of it, being m...
-
The Long, Winding Road To Volkswagen's Porsche Initial Public Offering
Shares in Volkswagen's sportscar brand Porsche started trading on Thursday in what marks Germany's second-largest listing ever as well as a new phase in a sometimes fraught relationship between the two auto brands that goes back decades.
-
Mahindra Said to Be in Talks to Raise Up to $500 Million to Accelerate Plans to Build Electric Vehicles in India
Mahindra is said to be in discussions with global investors as the automaker seeks to raise an investment of up to $500 million (roughly Rs. 4,040 crore) ahead of plans to build electric vehicles in the country. The talks are said to have taken place a few weeks after the company announced that it plans to launch five electric SUVs over the next f...
-
Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
-
Volkswagen CEO Warns Shift To Electric Vehicles Could Cost 30,000 Jobs
A Volkswagen spokesperson confirmed Diess' position that Tesla and others' presence in Germany heightened the urgency of transitioning to EVs, but denied that specific calculations had been made on how many jobs could be lost in the process.
-
12 Brands Under The Volkswagen Group Umbrella
Heres a list of 12 brands that are owned by Volkswagen Group.
-
Tesla Pushing Volkswagen to Accelerate Electric Vehicle Shift, Company Says on Competition
Competition from new entrants to Germany's autos market such as Tesla has pushed Volkswagen to accelerate plans to transform its main plant towards producing electric vehicles, the company said.
-
Volkswagen CEO Warns Shift To Electric Vehicles Could Cost 30,000 Jobs
Volkswagen's CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.
-
Porsche To Build EV Battery Cells Factory In Germany: Report
Porsche plans to set up a factory to produce battery cells for electric vehicles, which would be located in the Swabian town of Tuebingen, Germany.
-
Volkswagen Delivers First ID.4 Electric SUVs To Customers In Germany
The electric vehicles were handed over to customers in the delivery centres at the Transparent Factory in Dresden and the Autostadt in Wolfsburg.
-
Volkswagen's Market Value Crosses 100 Billion Euro Mark For The First Time Since 2015
When the market value of Germany's Volkswagen briefly rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it.
-
Toyota Beats Volkswagen To Become World's No.1 Car-Seller In 2020
Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.
-
Germany Urges Taiwan to Help Ease Auto Chip Shortage Affecting Ford, Toyota, Volkswagen, Others
German Economy Minister Peter Altmaier has asked his Taiwanese counterpart Wang Mei-hua to help ease a shortage of semiconductor chips in the auto sector through talks with Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and one of Germany's main suppliers.
