Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.
Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.
Car giant VW to wind down production at 2 factories, China could buy factories for foothold in Germany Read more at straitstimes.com.
CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.
Volkswagen is considering ways to deepen its partnership with U.S. electric car maker Rivian, the German company's CEO told Spiegel magazine in comments published on Friday. "For example, we are thinking about sharing modules and bundling purchasing volumes,
Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.
Volkswagen is discontinuing manual transmissions for the GTI and Golf R, despite a notable spike in demand from U.S. enthusiasts.
Amid the unbelievable destruction left behind by the Palisades Fire, a Volkswagen Beetle that was in the middle of the flames is still intact.
Rivian’s (RIVN) stock is trending on Friday after Volkswagen CEO Oliver Blume hinted at expanding upon their new EV
The ailing German brand, facing plant closures at home and declining sales of its once vaunted EVs, hopes the ID. Buzz can revitalize consumer interest.
£30,995 for the most spartan of specifications available for 2025 excludes both the value-added tax and the on-the-road costs
The seventh generation of the iconic Volkswagen Transporter Panel Van has made its highly anticipated debut in the UK, poised to transform the commercial