VW Turns on Germany as China Targets Europe’s EV Blunders: Losing ground in the race to produce electric vehicles, German and French carmakers are heading toward ...
trib.al/1xrXru8
VW Turns on Germany as China Targets Europe’s EV Blunders
Quick Glance: VW Considers Factory Closures Amid EV Challenges
  • Volkswagen AG is contemplating factory closures in Germany for the first time, reflecting the deep issues within the European auto industry.

  • This shift is driven by overcapacity and increasing competition from Chinese manufacturers and Tesla in the electric vehicle sector.

  • The situation is exacerbated by stagnant sales and declining margins, threatening Germany's competitiveness as a business location.

  • Potential closures could have significant repercussions for local communities and employment, highlighting the urgent need for strategic reevaluation.
The Honda Integra HRC prototype is the most hardcore Integra ever! #hondaintegra
VW boss says European market shrinking amid tougher competition: Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market ...
reuters.com/business/autos-transportation/vw-boss-says-european-market-shrinking-amid-tougher-competition-2024-09-08/
VW boss says European market shrinking amid tougher competition
Quick Glance: VW CEO warns of shrinking European market
  • Volkswagen CEO Oliver Blume emphasized the need for cutbacks due to a shrinking European market and increasing competition.

  • He noted that fewer cars are being sold in Europe while Asian competitors are aggressively entering the market.

  • Volkswagen is considering closing factories in Germany and ending job guarantees at six locations.

  • These measures are part of a comprehensive €10 billion cost-cutting plan.
Volkswagen: VW boss Blume speaks of "serious" economic situation: Because previous savings have not been sufficient, there will be "further measures" at ...
zeit.de/wirtschaft/unternehmen/2024-09/oliver-blume-volkswagen-krise
Volkswagen: VW boss Blume speaks of
Quick Glance: Volkswagen Faces Serious Challenges Amidst Market Pressures
  • Oliver Blume, CEO of VW, warns of a serious company situation exacerbated by increasing competition from Asia and declining vehicle sales in Europe.

  • For the first time in 30 years, layoffs may occur at VW as planned cost reductions are insufficient to meet financial targets.

  • The employment security agreement has been revoked, allowing for layoffs, which the works council has criticized.

  • Alternative models such as a four-day workweek are being discussed, while employee representatives call for shareholders to contribute to job funding.
Quick Glance: Volkswagen Intensifies Cost-Cutting Measures Under Blume
  • Volkswagen CEO Oliver Blume describes the economic situation as serious, justifying the company's shift towards austerity measures.

  • The company plans job cuts and potential plant closures at VW due to declining sales in Europe and increasing competition from Asia.

  • The entire European automotive industry faces unprecedented challenges, leading to a more difficult economic environment.

  • Blume emphasizes that there will be no drastic layoffs and that the focus on the German location will remain to ensure future job security.
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
independent.co.uk/news/volkswagen-ap-europe-management-frankfurt-b2608974.html
As Volkswagen weighs its first closure of a German auto plant ...
Quick Glance: Volkswagen Considers Closing German Factories for Cost Cuts
  • Volkswagen is considering factory closures in Germany for the first time to meet cost-saving goals.

  • The management aims to save 10 billion euros by 2026, citing decreased demand in the European car market.

  • The proposal has sparked protests from worker representatives and concern among German politicians.

  • Employee representatives argue that the company's issues cannot be resolved solely through cost reductions but require improved products.
Quick Glance: BDI Calls for Reforms Amid Volkswagen Crisis
  • The BDI demands better economic conditions from the government to address the crisis at Volkswagen.

  • BDI President Russwurm criticizes high energy prices, taxes, and bureaucracy that undermine the competitiveness of German production sites.

  • Left party leader Wissler calls for VW shareholders to return previous dividends to prevent plant closures.

  • SPD leader Esken warns of the consequences of layoffs and criticizes VW management for their delayed commitment to electric mobility.
Renault CEO says sector could face billions in fines as EV sales slow: Europe's autos industry could face fines of 15 billion euros ($17.4 billion) for carbon ...
reuters.com/business/autos-transportation/renault-ceo-says-sector-could-face-billions-fines-ev-sales-slow-2024-09-07/
Renault CEO says sector could face billions in fines as EV sales slow
Boeing's Starliner is back without the astronauts it flew to the ISS: Boeing's Starliner capsule has undocked from the ISS at 6:04PM Eastern time on September 6 ...
engt.co/47isPPu
Boeing's Starliner is back without the astronauts it flew to the ISS
Ducati's Bagnaia takes pole on home turf at San Marino Grand Prix: Francesco Bagnaia took pole position for Ducati on home turf at the San Marino Grand Prix on ...
reuters.com/sports/formula1/ducatis-bagnaia-takes-pole-home-turf-san-marino-grand-prix-2024-09-07/
Ducati's Bagnaia takes pole on home turf at San Marino Grand Prix
Arakan Army Commander-in-Chief Twan Mrat Naing on the Future of Rakhine State: “We are always in favor of repatriation [of Rohingya Muslims] in principle ...
thediplomat.com/2024/09/arakan-army-commander-in-chief-twan-mrat-naing-on-the-future-of-rakhine-state/
Arakan Army Commander-in-Chief Twan Mrat Naing on the Future of Rakhine ...
Quick Glance: Renault CEO Warns of Billions in Fines for Auto Industry
  • Luca de Meo, CEO of Renault, warns that the European auto industry may face fines of up to 15 billion euros due to decreasing demand for electric vehicles.

  • Stricter EU CO2 targets will come into effect in 2025, requiring new cars to emit no more than 94 grams per kilometer.

  • De Meo emphasizes that the current pace of transition to electric vehicles is insufficient to meet the new targets and avoid penalties.

  • He calls for greater flexibility regarding deadlines and fines to address the industry's challenges.
This 2025 BMW 1 Series Costs Nearly 70,000 Euros: Video: A new walkaround video shows the latest BMW 1 Series in M Performance guise. This pricey M135 has a ...
bmwblog.com/2024/09/07/2025-bmw-m135-arriving-dealers/
This 2025 BMW 1 Series Costs Nearly 70,000 Euros: Video
Car burns in Sulzbach-Rosenberg: Men save a crate of beer from the flames: At least in the end they were able to quench their thirst: Three 25-year-olds were ...
donaukurier.de/nachrichten/bayern/auto-brennt-in-sulzbach-rosenberg-maenner-retten-kasten-bier-vor-flammen-16944533
Car burns in Sulzbach-Rosenberg: Men save a crate of beer from the flames
Quick Glance: Car Fire: Men Save Beer Case
  • Three 25-year-old men experienced a car fire in Sulzbach-Rosenberg.

  • Their 20-year-old Renault caught fire due to a technical defect while en route to Rosenberg.

  • Despite losing the vehicle, they managed to save a case of beer they had just purchased.

  • The fire was extinguished by the fire department, and the road was closed for two hours with damage estimated at around 1000 euros.
Cuts at VW: The Tower of Bangkok: While Volkswagen wants to close German factories, Porsche is planning a luxury property in Thailand ...
sueddeutsche.de/kultur/vw-porsche-automobilindustrie-bangkok-immobilien-lux.4VzYyLuewp9GkyXLsfYAAv
Cuts at VW: The Tower of Bangkok
Exogenous shocks hit VW: The pillars of the German prosperity model are collapsing
n-tv.de/wirtschaft/Die-Pfeiler-des-deutschen-Wohlstandmodells-brechen-weg-article25211144.html
Exogenous shocks hit VW: The pillars of the German prosperity model are ...
HAZ commentary: VWN in Hanover has major problems: The van has been discontinued, the electric van ID.Buzz is selling worse than expected - | and now the brand ...
haz.de/wirtschaft/regional/haz-kommentar-vwn-in-hannover-hat-grosse-probleme-DWVHNBII7VEM7LMFWY7D4S2UGI.html
HAZ commentary: VWN in Hanover has major problems
Rheinmetall is set to become a global arms champion through the war in Ukraine: Rheinmetall is majority owned by foreign companies. The war in Ukraine turned the ...
berliner-zeitung.de/politik-gesellschaft/rheinmetall-soll-globaler-ruestungschampion-werden-durch-ukraine-krieg-deutsche-vorzeigewaffenschmiede-li.2250600
Rheinmetall is set to become a global arms champion through the war in ...
Daniela Cavallo: VW works council member on a course for conflict: For a while it looked as if the eternal dispute between the works council and the board at VW ...
sueddeutsche.de/wirtschaft/vw-betriebsrat-daniela-cavallo-konflikt-portrait-lux.MRrarHz9aaywMW8TKnrwmy
Daniela Cavallo: VW works council member on a course for conflict
Quick Glance: Intense Clash Between VW Management and Works Council
  • The meeting in Wolfsburg highlighted a significant conflict between Volkswagen's management and its works council.

  • Works council chair Daniela Cavallo criticized the board's cost-cutting plans as a declaration of failure and accused them of incompetence.

  • Management countered the accusations, emphasizing the need for savings due to declining demand in Europe.

  • Despite the tense situation, Cavallo asserted that under her leadership, there would be no plant closures.
The briefcase-sized, fun-filled Motocompacto EV pays homage to and improves on Honda's cult-favorite foldable scooter of the 1980s ... Show more
2025 Buick SUVs: What's New for the Envista, Encore GX, Envision, and Enclave: Big changes for Buick’s three-row SUV, and new features and paint colors join the ...
motortrend.com/features/2025-new-buick-suv-lineup-updates-changes/
2025 Buick SUVs: What's New for the Envista, Encore GX, Envision ...
Audi candidate complains: Formula 1 is "unfair": Many young drivers earn their spurs in Formula 2 in order to then make the jump to Formula 1 as quickly as ...
sport.de/news/ne7029041/audi-kandidat-klagt-formel-1-ist-unfair/
Audi candidate complains: Formula 1 is
Wilnsdorf ice cream parlor sells liver sausage ice cream for dogs: Ice cream for dogs? With liver sausage flavor? Yes, there is! Since this year ...
siegener-zeitung.de/lokales/siegerland/wilnsdorf/wilnsdorfer-eisdiele-verkauft-leberwurst-eis-fuer-hunde-RW5AGUJBQZEV5LZ27H4FC4FENA.html
Wilnsdorf ice cream parlor sells liver sausage ice cream for dogs
This is how the internet is discussing the VW crisis: "I actually don't begrudge the arrogant employees that"
freiepresse.de/zwickau/zwickau/so-diskutiert-das-netz-ueber-die-vw-krise-den-ueberheblichen-mitarbeitern-goenne-ich-das-sogar-artikel13517014
This is how the internet is discussing the VW crisis:
Nissan Exec Wants an Electrified Silvia That Could Battle GR86, BRZ, and Miata: Recent comments from Nissan exec Ivan Espinosa make it clear that there's a ...
thedrive.com/news/nissan-exec-wants-an-electrified-silvia-that-could-battle-gr86-brz-and-miata
Nissan Exec Wants an Electrified Silvia That Could Battle GR86, BRZ ...
Quick Glance: VW Invests in Culture Amid Financial Cuts
  • Volkswagen sponsors a €200,000 concert by the Concertgebouw Orchestra in Wolfsburg despite announcing cost-saving measures.

  • This sponsorship raises questions about the necessity of expensive cultural events during economic challenges faced by the company.

  • The concert, conducted by the talented Elim Chan, delivered an impressive performance that thrilled an audience of 900.

  • The decision to hold the concert is viewed as both a cultural commitment and a potentially inappropriate expense during tough times.
Top 10 people most likely to reach trillionaire status: On Sept. 29, 1916, newspapers across the country announced a wealth milestone once thought to be ...
cnbc.com/2024/09/06/top-10-people-most-likely-to-reach-trillionaire-status.html
Top 10 people most likely to reach trillionaire status
In Lower Saxony, there are new horror reports almost every day about the economic situation of large companies. What happens when the four largest companies in ... Show more

VW & Co.: The collapse of Germany - | WELT
Automakers whine about €15B fine they knew they’d risk for pushing gas cars: EU automakers are complaining about fines they knew about in 2017 instead of putting ...
electrek.co/2024/09/07/automakers-whine-about-e15b-fine-they-knew-theyd-risk-for-pushing-gas-cars/
Automakers whine about €15B fine they knew they’d risk for pushing gas ...
How VW's factory threat is stress-testing Germany's economic model: Having lost cheap energy from Russia and facing uncertainty over its once-lucrative ...
timeslive.co.za/motoring/news/2024-09-06-how-vws-factory-threat-is-stress-testing-germanys-economic-model/
How VW's factory threat is stress-testing Germany's economic model
2025 BMW i4 M50 Gets Pink Individual Color, M Performance Parts: A new photoshoot puts the spotlight on the BMW i4 facelift in the M50 flavor with a striking ...
bmwblog.com/2024/09/07/2025-bmw-i4-m50-ruby-star-m-performance-parts/
2025 BMW i4 M50 Gets Pink Individual Color, M Performance Parts
Live now: #VantageThisWeek with Palki S Upadhyay + Zelensky's Shake-up + US vs Russia Media War + US, Philippines catch "Chinese Spies" + China vs the ... Show more
Short Sellers Circle Volvo Car, Porsche on China Trade Spat Risk: As worries pile up for Europe’s autos industry, short sellers have been choosing their targets.
bloomberg.com/news/articles/2024-09-06/short-sellers-circle-volvo-car-porsche-on-china-trade-spat-risk
Short Sellers Circle Volvo Car, Porsche on China Trade Spat Risk
VW crisis: Expert believes factory closures are likely: The Volkswagen board is considering cutting jobs and a factory closure in Germany is no longer being ...
waz-online.de/lokales/wolfsburg/vw-krise-expertin-haelt-werkschliessungen-fuer-wahrscheinlich-FBM6DMT7CZARDBUFNBEBDDCDRA.html
VW crisis: Expert believes factory closures are likely
Car expert: e-car bonus helps VW more than plant closures: "There are no simple solutions," comments car expert and VW expert Beatrix Keim on the crisis at ...
waz-online.de/lokales/wolfsburg/autoexpertin-beatrix-keim-e-auto-praemie-hilft-vw-mehr-als-werkschliessung-PQBBX5EG3JDDZJA7C6HZT5CKC4.html
Car expert: e-car bonus helps VW more than plant closures
Quick Glance: VW Faces Potential Plant Closures in Germany
  • Volkswagen is considering the closure of a plant in Germany for the first time due to a severe corporate crisis.

  • The company may terminate the employment guarantee established in 1994, which the works council deems unacceptable.

  • To cut costs and achieve a ten billion euro improvement by 2026, a comprehensive cost-saving program is being implemented.

  • Experts warn of potential layoffs, while the works council expresses opposition to one-sided austerity measures.
Once the envy of the world, Germany's car brands now weigh heavily on its struggling economy
cnbc.com/2024/09/06/once-the-envy-of-the-world-germanys-car-brands-are-weighing-heavily-on-its-struggling-economy.html
Once the envy of the world, Germany's car brands now weigh heavily on its ...
VW: The works council should rather help Volkswagen to reduce costs: The Volkswagen works council must not object if factories have to be closed ...
wiwo.de/unternehmen/auto/volkswagen-krise-der-betriebsrat-sollte-vw-lieber-helfen-die-kosten-zu-druecken/29977012.html
VW: The works council should rather help Volkswagen to reduce costs
Quick Glance: VW Management Defends Cost-Cutting Amid Employee Outcry
  • The VW leadership defended its cost-cutting measures at a workforce meeting, where employees voiced strong protests.

  • Production overcapacities were identified, as sales in Europe have significantly declined, with plant closures and layoffs not ruled out.

  • Works council chair Daniela Cavallo announced fierce opposition to the proposed measures and called for a return to technological leadership.

  • Federal Labor Minister Hubertus Heil emphasized the need to secure all locations and called for negotiations to address VW's economic challenges.
Hydrogen in cars: BMW and Toyota plan series cars from 2028: BMW and Toyota want to work together to help hydrogen-powered fuel cells in cars achieve a ...
heise.de/news/Wasserstoff-im-Pkw-BMW-und-Toyota-planen-Serienauto-ab-2028-9858851.html
Hydrogen in cars: BMW and Toyota plan series cars from 2028
Quick Glance: Hydrogen Cars: BMW and Toyota Explore New Horizons
  • BMW plans to launch its first hydrogen fuel cell series model in 2028 in collaboration with Toyota.

  • Despite low sales figures of hydrogen cars, both companies believe in technological openness and a multi-pathway approach to climate neutrality.

  • The BMW CEO describes the planned vehicle as a milestone, while the hydrogen refueling infrastructure in Europe is expected to expand by 2030.

  • The costs of the project will be shared between BMW and Toyota, as initial sales figures are expected to be low.
🔊 Germany's largest industrial employer — Volkswagen — is threatening factory closures for the first time in its history, as part of a cost-cutting plan ... Show more

Podcast: Olympian death, Georgia shooting, Canada’s border, VW closures and ‘safe AI’ | Reuters
Quick Glance: Shocking Events: Olympian Death, Shooting, and More
  • Ugandan marathon runner and Olympian Rebecca Cheptegei was tragically set on fire in a deadly attack.

  • A 14-year-old Georgia high school student killed four and injured nine in a campus shooting.

  • Canada is tightening border controls and increasingly denying visa applications.

  • Volkswagen is considering historic factory closures in Germany, while a new startup by OpenAI co-founder Ilya Sutskever has raised $1 billion for safe AI.
Europe Pulls Back From EV Shift as VW and Volvo Scale Back Ambitions: Europe is stalling for time in the electric-car race as the region’s automakers struggle ...
bloomberg.com/news/articles/2024-09-06/europe-pulls-back-from-ev-shift-as-consumers-snub-pricey-models
Europe Pulls Back From EV Shift as VW and Volvo Scale Back Ambitions
In Lower Saxony, there are new horror reports almost every day about the economic situation of large companies. What happens when the four largest companies in ... Show more

VW & Co.: The collapse of Germany - | WELT
2025 BMW Z4 M40i Manual Review: BMW’s Hidden Gem: It may just be the best-driving BMW since the M5 CS.
thedrive.com/car-reviews/2025-bmw-z4-m40i-manual-review
2025 BMW Z4 M40i Manual Review: BMW’s Hidden Gem
BMW, Toyota take a risky gamble on a failing product: The automakers' latest bet is much riskier than EVs.
thestreet.com/automotive/bmw-toyota-gamble-hydrogen
BMW, Toyota take a risky gamble on a failing product
BYD's global expansion push runs into stiff Japan test: BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in ...
reuters.com/business/autos-transportation/byds-global-expansion-push-runs-into-stiff-japan-test-2024-09-05/
BYD's global expansion push runs into stiff Japan test
Nissan Exec Wants an Electrified Silvia That Could Battle GR86, BRZ, and Miata: Recent comments from Nissan exec Ivan Espinosa make it clear that there's a ...
thedrive.com/news/nissan-exec-wants-an-electrified-silvia-that-could-battle-gr86-brz-and-miata
Nissan Exec Wants an Electrified Silvia That Could Battle GR86, BRZ ...
Blind Marvin from Wilhelmshaven: With courage and support to the seahorse: Marvin from Wilhelmshaven has been blind since birth and yet he managed to get his ...
nwzonline.de/wilhelmshaven/blinder-marvin-aus-wilhelmshaven-schafft-seepferdchen_a_4,1,2385946590.html
Blind Marvin from Wilhelmshaven: With courage and support to the seahorse
New BMW M5 MotoGP Safety Car Debuts With Upgrades: The new 2025 BMW M5 Sedan G90 is turned into the MotoGP Safety Car. It starts work this weekend at the San ...
bmwblog.com/2024/09/06/new-bmw-m5-motogp-safety-car-debuts-with-upgrades/
New BMW M5 MotoGP Safety Car Debuts With Upgrades
VW: Problems go beyond the sales slump: VW wants to save money and is even discussing the introduction of the four-day week, which was introduced 30 years ago ...
n-tv.de/wirtschaft/VW-Probleme-gehen-ueber-Absatzflaute-hinaus-article25208947.html
VW: Problems go beyond the sales slump
Quick Glance: VW Faces Serious Challenges Ahead
  • Volkswagen is discussing a potential four-day workweek to secure employment, yet the issues are more complex than just a sales slump.

  • The crisis in the European market results in an annual loss of 500,000 vehicles for VW, while competition from companies like Tesla and BYD increases.

  • Problems in software development and slow market launches of new models are straining the company, leading to skepticism about new investments.

  • Geopolitical risks and a decline in the China market complicate matters, while employee representation pushes for a substantial cost-saving program.
Volkswagen: These are the tasks facing VW boss Oliver Blume: Crash in China, technically weak, costs out of control - | and too little money for innovations ...
wiwo.de/my/unternehmen/auto/volkswagen-die-chinatuenche-ist-ab-wie-vw-derart-in-probleme-geraten-konnte/29977288.html
Volkswagen: These are the tasks facing VW boss Oliver Blume
Interview with Volkswagen boss Oliver Blume: "We need to make VW more robust": VW boss Oliver Blume has announced an unprecedented savings program ...
handelsblatt.com/unternehmen/industrie/volkswagen-chef-oliver-blume-im-interview-wir-muessen-vw-robuster-aufstellen/100065696.html
Interview with Volkswagen boss Oliver Blume:
Works meeting at VW: 25,000 employees blow the whistle on the Board of Management
haz.de/der-norden/betriebsversammlung-bei-vw-25-000-beschaeftigte-pfeifen-vorstand-aus-4H2H2FEBSNBSVPCGPEETJPBHWE.html
Works meeting at VW: 25,000 employees blow the whistle on the Board of ...
Toyota, Nissan to expand Japan's battery production capacity, Nikkei reports: Toyota Motor , Nissan Motor and other companies will help expand Japanese ...
reuters.com/business/autos-transportation/toyota-nissan-support-japans-battery-production-capacity-nikkei-reports-2024-09-05/
Toyota, Nissan to expand Japan's battery production capacity ...
REVIEW | Why the Toyota GR Supra is a value-for-money sports car: It hits the right balance of price, superb handling and enough power to grab your attention
businesslive.co.za/bd/life/motoring/2024-09-03-review-toyota-gr-supra-a-sports-bargain-if-youre-not-a-badge-snob/
REVIEW | Why the Toyota GR Supra is a value-for-money sports car
Changan: Next Chinese car manufacturer pushes into Germany: While VW is questioning its plants, the next competitor from China is coming to Germany ...
faz.net/aktuell/wirtschaft/auto-verkehr/changan-naechster-chinesischer-autohersteller-draengt-nach-deutschland-19962486.html
Changan: Next Chinese car manufacturer pushes into Germany
Quick Glance: Changan Enters the German Automotive Market
  • Chinese automaker Changan has established a subsidiary in Munich to address the European market.

  • The company plans a sales event this year and already operates a design center in the city.

  • This announcement comes as Volkswagen questions its future in Germany while Chinese manufacturers gain traction.

  • Changan, one of China's largest automakers, shows advancements in electric mobility and has significant partnerships, including with CATL and Huawei.
Nissan staff learn sign language to communicate with deaf colleagues: Team spirit is strong at Nissan’s Sunderland plant - if the signs are anything to go by.
sunderlandecho.com/news/nissan-staff-learn-sign-language-to-communicate-with-deaf-colleagues-4769926
Nissan staff learn sign language to communicate with deaf colleagues
🔊 Canada is turning away visitors and rejecting visa applications at a higher pace than in recent years. Find out more on Reuters World News podcast Podcast: Olympian death, Georgia shooting, Canada’s border, VW closures and ‘safe AI’ | Reuters
Car industry: fewer petrol and diesel vehicles from 2030 - but not everywhere: The car industry has actually decided against the combustion engine in its drive ...
handelsblatt.com/unternehmen/industrie/autoindustrie-weniger-benzin-und-dieselfahrzeuge-ab-2030-aber-nicht-ueberall/100061542.html
Car industry: fewer petrol and diesel vehicles from 2030 - but not ...