German automotive manufacturing conglomerate
Job fears in Wolfsburg: Do you think VW will actually lay off employees?: New cost-cutting hammer at Volkswagen: VW is considering further tough measures due to ...
waz-online.de/lokales/wolfsburg/job-angst-in-wolfsburg-glauben-sie-dass-vw-tatsaechlich-mitarbeiter-entlaesst-KUV3PDDFU5BIPMXY27UAC7V4RY.html
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.
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: 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
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.
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
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Volkswagen: Left calls on VW's major shareholders to repay billions in dividends
handelsblatt.com/politik/deutschland/volkswagen-linke-fordert-vw-grossaktionaere-zu-rueckzahlung-von-milliarden-dividenden-auf/100067057.html
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.
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
VW crisis: criticism of three-day meeting of VW top managers in Stockholm: Volkswagen employees are worried about their own existence. Meanwhile ...
waz-online.de/lokales/wolfsburg/vw-krise-kritik-an-dreitaegigen-treffen-der-vw-topmanager-in-stockholm-RMCZPOGTGRCNPIUNQCCA6E4FTA.html
This is how the VW board justifies its radical austerity measures: Volkswagen sees its competitiveness and future viability at risk. This is how the board wants ...
waz-online.de/lokales/wolfsburg/so-rechtfertigt-der-vw-vorstand-seine-radikalen-sparmassnahmen-Q35IN5GGCNCUPANXEP5SZVZVCA.html
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Daniela Cavallo is now a VW Works Council member in combat mode: The chairwoman of the VW Group Works Council plays a key role in the struggle for jobs and ...
faz.net/aktuell/wirtschaft/unternehmen/daniela-cavallo-ist-jetzt-vw-betriebsraetin-im-kampfmodus-19968476.html
Paid articlePaywallQuick 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.
Opinion: E-cars and VW - | Prophetic words from a car manager: In 2019, an ex-BMW manager in Emden dismissed Volkswagen's electric car plans ...
on-online.de/artikel/1502172/E-Autos-und-VW-Prophetische-Worte-eines-Auto-Managers
Is VW the super bargain in the DAX?: Hardly any stock is currently valued as cheaply as the colossus from Wolfsburg. But hardly any investor wants to get in - | ...
faz.net/aktuell/finanzen/ist-vw-das-superschnaeppchen-im-dax-19968455.html
Paid articlePaywall 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
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
Paid articlePaywall Hydrogen: BMW to bring fuel cell car into series production from 2028: The Munich-based car manufacturer BMW has allied itself with Toyota for hydrogen ...
handelsblatt.com/unternehmen/industrie/wasserstoff-bmw-bringt-brennstoffzellauto-ab-2028-in-serienproduktion/100065755.html
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.
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
VW & Co.: The collapse of Germany - | WELT
🔊 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
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.
VWN plant in Hanover-Stöcken: VW in crisis - | how are employees reacting?: Due to the tense situation at the core brand, Volkswagen is tightening its austerity ...
waz-online.de/der-norden/vwn-werk-in-hannover-stoecken-vw-in-der-krise-wie-reagieren-mitarbeiter-4NXSVM2TSRCKXCXXU2WIRYONWU.html
Paid articlePaywallVolkswagen wants to reduce its administrative personnel costs by a total of 20 percent by 2026. The car manufacturer is targeting office jobs in its ... Show more
Perspective at VWN in Hanover: VW advises employees whose jobs are being eliminated
Perspective at VWN in Hanover: VW advises employees whose jobs are being eliminated
Business Insider Sep 04
Volvo abandons company goal of "only electric cars from 2030" due to demand: From 2030, the car manufacturer Volvo wanted to only sell electric cars ...
businessinsider.de/wirtschaft/volvo-begraebt-unternehmensziel-ab-2030-nur-noch-e-autos-wegen-nachfrage/
Quick Glance: Volvo Revises Internal Combustion Engine Strategy
- Volvo has postponed its exit from internal combustion engines until 2030.
- The new strategy includes 90 percent of sold vehicles being electric or plug-in hybrids, with 10 percent remaining mild hybrids.
- CEO Jim Rowan highlighted that the transition to electrification is not linear and depends on customer demand.
- The delay is also influenced by European tariffs and market conditions for electric vehicles.
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
🚗 Volkswagen wants to save a fifth of its personnel costs by 2026. Because the measures taken so far are not enough, VW is now firing up the next turbo to ... Show more
Wolfsburg: Volkswagen crisis - | now more employees are to go
Wolfsburg: Volkswagen crisis - | now more employees are to go
Former VW boss Winterkorn: | "I am not a specialist in exhaust gas purification": On the second day of his trial, the accused Martin Winterkorn denies all ...
stern.de/wirtschaft/ex-vw-chef-winterkorn---ich-bin-kein-spezialist-fu-r-abgasreinigung--35037612.html
Quick Glance: Winterkorn in Court: Revisiting the Diesel Scandal
- Nine years after the VW diesel fraud, Martin Winterkorn is on trial.
- The prosecution accuses him of organized fraud and market manipulation.
- Winterkorn denies all allegations, asserting he was unaware of any manipulations.
- The trial is described as exceedingly extensive, with 89 sessions scheduled until autumn 2024.
Comment: Why Robert Habeck is not the savior of the car industry: The situation at VW threatens to escalate - and Economics Minister Habeck throws himself into ...
handelsblatt.com/meinung/kommentare/kommentar-warum-robert-habeck-nicht-der-retter-der-autoindustrie-ist/100066107.html
Quick Glance: Habeck's E-Car Subsidies: A Poorly Timed Initiative
- Robert Habeck's plan for E-vehicle subsidies coincides poorly with a crisis at Volkswagen.
- As the VW board plans to close plants, Habeck offers 600 million euros for support, perceived more as political theatrics than serious economic policy.
- Challenges from IG Metall and VW's governance structures are straining new CEO Oliver Blume.
- The ongoing legal issues surrounding Martin Winterkorn highlight significant management problems.
Business Insider Sep 05
VW in crisis: Christian Lindner rejects state support: The finance minister criticized the one-sided focus on battery-electric vehicles and rejected state ...
businessinsider.de/wirtschaft/vw-in-der-krise-christian-lindner-lehnt-staatliche-unterstuetzung-ab/
VW pays for a gala concert in Wolfsburg: Why this is right despite the cost-cutting program
faz.net/aktuell/feuilleton/buehne-und-konzert/vw-bezahlt-festkonzert-in-wolfsburg-warum-das-trotz-sparkurs-richtig-ist-19965891.html
Paid articlePaywallQuick 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.
SPD parliamentary group leader calls for "creative" proposals from Habeck on VW crisis
faz.net/aktuell/wirtschaft/unternehmen/spd-fraktionschef-fordert-kreative-vorschlaege-von-habeck-zu-vw-krise-19967154.html
Business Insider Sep 04
🚘 The group announced further measures on Monday. Works council chairwoman Cavallo attacks ex-VW boss Diess - | Business Insider
Competition from China: Next car manufacturer is pushing into Germany: While VW is questioning its factories, the next competitor from China is coming to Germany ...
faz.net/aktuell/wirtschaft/auto-verkehr/konkurrenz-aus-china-naechster-autohersteller-draengt-nach-deutschland-19962486.html
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.
VW savings plans: Habeck speaks of car industry as "engine of prosperity": VW has announced a tough cost-cutting program - plant closures and compulsory ...
welt.de/wirtschaft/article253336610/VW-Sparplaene-Habeck-spricht-von-Autoindustrie-als-Wohlstandsmotor.html
Quick Glance: New Incentives for Electric Cars Announced
- Minister Robert Habeck has announced tax relief for electric cars to address declining sales in Germany.
- The Cabinet will discuss the proposed measures on Wednesday to support the auto industry as a key economic factor.
- The drop in new electric vehicle registrations is attributed to the end of the environmental bonus and high prices.
- Habeck criticizes political calls to reverse the ban on combustion engines, emphasizing the need for planning security in the industry.
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
"Vehicle development is like bananas": Expert criticizes German car manufacturers - | EFAHRER.com 👉🏼 In a survey on quality defects in cars from 31 manufacturers, Volkswagen and Audi came a long way behind. 😲
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
Ifo: Sentiment in the German car industry "in a nosedive": Volkswagen is considering plant closures in Germany for the first time, other German car manufacturers ...
welt.de/wirtschaft/article253343488/Ifo-Stimmung-in-der-deutschen-Autoindustrie-im-Sturzflug.html
Quick Glance: Crisis in German Auto Industry Deepens Significantly
- The mood in the German auto industry is sharply declining, as revealed by a survey from the Ifo Institute.
- The Ifo index for business climate dropped to minus 24.7 points in August, indicating pessimistic business expectations.
- Companies are facing a lack of new orders, particularly from abroad, leading to considerations of downsizing.
- The shift from combustion engines to electric vehicles and competition from Chinese manufacturers exacerbate the crisis.
Manager Wortmann leaves car company Audi: In the midst of a weakening model offensive and falling sales figures, Audi has lost sales director Hildegard Wortmann ...
faz.net/aktuell/wirtschaft/auto-verkehr/managerin-wortmann-verlaesst-autokonzern-audi-19952141.html
These factories are the focus at Volkswagen: The crisis at the VW car company revolves around the factories in Germany. But where are the locations ...
waz-online.de/lokales/wolfsburg/um-diese-werke-geht-es-bei-volkswagen-IQRIJ6DFPRCTHAQAAPIZTVCE64.html
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Audi director falls to his death during a mountain tour in northern Italy: Audi's Italian director fell about 200 meters in the mountains not far from Lake ...
diepresse.com/18824733/audi-direktor-stuerzt-bei-bergtour-in-norditalien-in-den-tod
Quick Glance: Fatal Fall of Audi Manager in the Alps
- Fabrizio Longo, Audi's Italy manager, tragically fell in the Adamello region.
- The 62-year-old fell 200 meters during a solo climbing excursion.
- Initial findings suggest he was not secured at the time of the accident.
- Local police and prosecutors are conducting investigations into the incident.
Despite the crisis: These VW subsidiaries are hiring apprentices and dual students
waz-online.de/lokales/wolfsburg/trotz-krise-diese-vw-toechter-stellen-auszubildende-und-dual-studierende-ein-OOVPUR3IFBAE5EAVBIP4FSBZJY.html
Paid articlePaywall Comment: The new e-car subsidy is necessary and logical: Economics Minister Habeck is accused of playing the savior of VW with the new funding ...
handelsblatt.com/meinung/kommentare/kommentar-die-neue-e-auto-foerderung-ist-notwendig-und-logisch/100066177.html
Quick Glance: Debate on the Need for E-Car Subsidies
- The new 600 million euro annual subsidy for electric cars is criticized as lobbying for Volkswagen.
- The timing coincides with a crisis at Volkswagen, but the initiative was planned long before.
- The removal of the purchase premium in fall 2023 caused market distortions and panic among car manufacturers.
- Manufacturers' price reductions after the premium's removal indicate that subsidies are essential for market stabilization.
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/
Volkswagen's German battery plant to stay at half capacity amid cost pressures
reuters.com/business/autos-transportation/volkswagens-german-battery-plant-stay-half-capacity-amid-cost-pressures-2024-09-06/
VW savings plans: This is how the extraordinary works meeting at the Zwickau plant went
freiepresse.de/zwickau/zwickau/vw-sparplaene-so-lief-die-ausserordentliche-betriebsversammlung-im-werk-zwickau-artikel13515371
Paid articlePaywall BASF, VW and Thyssenkrupp: Struggle for Germany as a business location: The crises at VW, BASF and Thyssenkrupp make it clear that the German business model no ...
faz.net/aktuell/wirtschaft/basf-vw-und-thyssenkrupp-ringen-um-den-standort-deutschland-19967133.html
Paid articlePaywallVW 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
Are you still okay? Children play in the emergency lane while emergency services ... | SÜDKURIER Online
suedkurier.de/region/kreis-konstanz/engen/gehts-noch-kinder-spielen-in-rettungsgasse-waehrend-rettungskraefte-um-leben-kaempfen;art372438,12169051
There is fear at VW: Can the four-day week save the employees?: Volkswagen has announced rigorous savings plans - | and is not ruling out layoffs and plant ...
fr.de/wirtschaft/volkswagen-vw-angst-kuendigungen-werkschliessungen-vier-tage-woche-die-mitarbeiter-retten-zr-93284615.html
Crisis at Volkswagen: Lower Saxony's Prime Minister Weil calls for the return of the e-car purchase premium
spiegel.de/auto/volkswagen-stephan-weil-fordert-wiederauflage-der-staatlichen-kaufpraemie-fuer-elektroautos-a-9bbc4dc4-1362-4bd4-b5fc-4ef95fd810dd
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
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.
Despite the VW crisis: Council approves plans for a hospital extension costing 120 million euros
waz-online.de/lokales/wolfsburg/trotz-vw-krise-rat-beschliesst-planung-fuer-120-millionen-euro-teuren-klinik-anbau-2QTIM7ZGSRAA7M66AQCBLAEFMM.html
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Crisis at Volkswagen: This is how the VW Emden works council deals with the board
on-online.de/artikel/1501139/So-rechnet-der-Betriebsrat-von-VW-Emden-mit-dem-Vorstand-ab
Paid articlePaywall
Despite savings plans at VW - | Porsche sticks to job guarantee - | and Mercedes?
stuttgarter-nachrichten.de/inhalt.gestrichene-jobgarantie-das-vw-beben-ist-auch-bei-porsche-zu-spueren.5013c997-c6a4-4aa0-9f12-e81b9ef38554.html
Paid articlePaywall Volkswagen: How Oliver Blume is planning the endgame for VW: Cutting costs and at the same time implementing visions: with this double strategy ...
handelsblatt.com/unternehmen/industrie/volkswagen-wie-oliver-blume-das-endspiel-um-vw-plant/100065695.html
Which factories are threatened with closure?: This is where Volkswagen builds its cars
n-tv.de/mediathek/bilderserien/wirtschaft/Hier-baut-Volkswagen-seine-Autos-article25201532.html
Quick Glance: Volkswagen Plants at Risk: Potential Closures Ahead
- Volkswagen is considering closing one of its German car factories and a components plant due to significantly low utilization rates.
- The largest car factory in Wolfsburg operated at just 56 percent capacity in 2022, while other plants like those in Osnabrück and Dresden reported even lower figures.
- The Zwickau electric vehicle factory has a utilization of nearly 69 percent; however, up to 1,000 temporary positions are expected to be cut by the end of 2025.
- Production capacities across various plants are under intense pressure, jeopardizing the future of numerous locations.
VW is a test case for Germany: Hardly any news from the economy worries Germans as much as the Volkswagen crisis. The car manufacturer is becoming an example of ...
faz.net/aktuell/wirtschaft/unternehmen/vw-ist-ein-testfall-fuer-deutschland-19968311.html
Paid articlePaywallWhich Volkswagen factories in Germany could be affected by layoffs?: Volkswagen said it plans to end its job security programme -- which has been in place since ...
reuters.com/business/autos-transportation/which-volkswagen-factories-germany-could-be-affected-by-layoffs-2024-09-03/
Quick Glance: Potential Job Cuts at Volkswagen Factories Revealed
- Volkswagen plans to terminate its job security program established in 1994, which prevents layoffs until 2029.
- The IG Metall union identified several affected factories in Lower Saxony and Hesse, including Brunswick, Emden, and Kassel.
- The Kassel plant is Volkswagen's largest components facility, employing about 16,500 people and producing over four million transmissions annually.
- Wolfsburg, the largest plant, employs around 70,000 people and produced nearly half a million vehicles in 2023.
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
World premiere: Audi shows the third generation of the Q5: With the Q5, Audi is breaking new ground visually both inside and out. Four different model variants ...
stimme.de/leben/autostimme/fahrberichte/weltpremiere-audi-q5-dritte-generation-neckarsulm-ingolstadt-art-4960427
Paid articlePaywallVW Factory Closures Symbolic Moment in Germany’s Industrial Decline: The carmaker’s warning of possible factory closures is the most symbolic moment yet for the ...
bloomberg.com/news/features/2024-09-05/vw-factory-closures-symbolic-moment-in-germany-s-industrial-decline
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Uncertainty at the VW plant in Osnabrück: nail-biting for 2300 employees: After the VW board questioned job security and locations in Germany ...
gn-online.de/osnabrueck/unsicherheit-im-vw-werk-osnabrueck-zitterpartie-fuer-2300-mitarbeiter-549718.html
Formula 1: Sebastian Vettel to Audi? That's what Mattia Binotto says: It has been a good two years since Sebastian Vettel announced his retirement from Formula 1 ...
sport.de/news/ne7019810/formel-1-sebastian-vettel-zu-audi-das-sagt-mattia-binotto/
The man who broke a taboo to lead VW out of the crisis: Oliver Blume has been with the Group for 30 years and now wants to push through the toughest cost-cutting ...
sz.de/lux.KfQ1bSpTyvqQk1ywxxV1WQ
Woman confuses accelerator | and brake pedal: Audi crashes into Ruhpolding shoe shop
merkur.de/bayern/schuhladen-frau-verwechselt-gas-und-bremspedal-audi-rast-in-ruhpoldinger-93283006.html
Audi Brussels plant risks closure after car model to cease production
euronews.com/business/2024/09/06/audi-brussels-plant-risks-closure-as-car-model-ceases-production-after-2025
VW's current problems are "a structural problem of the car industry in Germany," says economist Jens Südekum in the ZDF heute journal.
Discussion about VW plants: This is how high capacity utilization is at Audi in Neckarsulm
stimme.de/wirtschaft/baden-wuerttemberg/audi-neckarsulm-vw-volkswagen-sparen-art-4961507
Paid articlePaywallVW Mulls Plant Closures as Europe’s EV Gambit Falters: Big Take
bloomberg.com/news/newsletters/2024-09-03/vw-mulls-plant-closures-as-europe-s-ev-gambit-falters-big-take
For Volkswagen, the Bumpy Road to Electric Vehicles Starts to Hit Home: The auto giant is considering cuts it has long avoided in Germany as it contends with ...
on.wsj.com/4dOdwjV
VW has to save more than planned: A savings program was launched for Volkswagen's core brand VW in 2023. This is no longer sufficient to meet the return ...
heise.de/news/Volkswagen-Sparprogramm-fuer-Kernmarke-VW-soll-verschaerft-werden-9850326.html
Quick Glance: Volkswagen's Core Brand Faces Cost-Cutting Challenge
- Volkswagen risks missing its cost-cutting targets for the core brand by 2024.
- Management, led by Thomas Schäfer, plans an in-person meeting with executives to discuss new models and additional savings measures.
- The goal is to achieve ten billion euros in performance improvements by 2026 to reach a target return of 6.5 percent.
- This cost-cutting initiative is considered the most ambitious for the core brand in recent decades.
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
China, price cuts and costs: the fuel driving Volkswagen's crisis: While many of Volkswagen's challenges have plagued it for a while, two recent developments ...
reuters.com/business/autos-transportation/china-price-cuts-costs-fuel-driving-volkswagens-crisis-2024-09-06/
Business Insider Aug 29
VW in crisis: This new measure is intended to save personnel costs: The Volkswagen Group is in crisis and has been subject to strict austerity measures for ...
businessinsider.de/wirtschaft/vw-in-der-krise-diese-neue-massnahme-soll-personalkosten-sparen/
Podcast: Olympian death, Georgia shooting, Canada’s border, VW closures and ‘safe AI’
reuters.com/podcasts/podcast-olympian-death-georgia-shooting-canadas-border-vw-closures-safe-ai-2024-09-05/
Quick Glance: Gulf Markets Rise on US Rate Cut Expectations
- Most Gulf stock markets ended higher on Monday, driven by investor optimism regarding a potential rate cut by the U.S. Federal Reserve in September.
- The Fed is expected to initiate a rate-cutting cycle during its monetary policy meeting on September 17-18, with a 67% chance of a 25 basis-point cut.
- Dubai's main index increased by 0.7%, and Abu Dhabi's index rose by 0.3%, while Qatar's benchmark advanced by 1.1%.
- However, Saudi Arabia's main index eased by 0.2%, impacted by a decline in Al Taiseer Group.
Volkswagen gives employees packages for their newly born offspring: Since March 2024, employees of Volkswagen AG have received a welcome package from the company ...
waz-online.de/lokales/wolfsburg/volkswagen-schenkt-beschaeftigten-pakete-fuer-den-gerade-geborenen-nachwuchs-GMLK4OLDOZG35NMGS7NNNSWEEE.html
Paid articlePaywall
Volkswagen: car expert Dudenhöffer wants to overturn the VW law: Shock in Wolfsburg: VW employees are to be made redundant and plants could be closed ...
capital.de/wirtschaft-politik/volkswagen--autoexperte-dudenhoeffer-will-das-vw-gesetz-kippen-35034384.html
Crisis at VW in Wolfsburg: The blocked group: Europe's largest car manufacturer has hesitated far too long to adapt to tougher competition ...
faz.net/aktuell/wirtschaft/auto-verkehr/krise-bei-vw-in-wolfsburg-der-blockierte-konzern-19949970.html
Paid articlePaywallQuick Glance: Volkswagen Faces Crisis: Urgent Need for Reform
- Volkswagen is under pressure due to declining demand and high costs, leading to upcoming wage negotiations.
- The management plans significant cost-cutting measures, while employee representatives threaten strikes.
- The automotive industry is facing stagnation, with VW lagging behind competitors, especially in electric vehicles.
- A proposed model offensive aims to improve the situation, but investor confidence is low as timelines frequently shift.
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
Paid articlePaywall
Luxury Carmakers Are Racing to Build Ultra-Luxe Branded Residences. Here’s Why.: Automotive brands are racing to build ultra-luxury branded residences around the ...
robbreport.com/shelter/home-design/automotive-brands-build-ultra-luxury-branded-residences-1235836074/
Business Insider Sep 05
Car stocks on the decline: A good time to get in?: German car stocks are in the red. Is now a good time to get in? Read what stock chief Marc Decker says here.
businessinsider.de/wirtschaft/auto-aktien-im-sinkflug-ein-guter-einstiegszeitpunkt/
Audi plant in Brussels will no longer build cars from 2025
de.euronews.com/business/2024/09/06/audi-werk-in-brussel-droht-schliessung-da-montage-des-q8-e-tron-2025-eingestellt-wird
Volkswagen's former CEO appeared in court on fraud charges over the so-called dieselgate scandal. It comes nine years after the German carmaker was found to ... Show more
Former VW chief goes on trial nine years after dieselgate | Reuters
Former VW chief goes on trial nine years after dieselgate | Reuters
Italy Seeks Reversal of EU’s 2035 Combustion Engine Ban: Italy’s officials said the European Union’s plan to ban sales of new internal combustion engines from ...
bloomberg.com/news/articles/2024-09-07/italy-wants-reversal-of-eu-s-planned-2035-combustion-engine-ban
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