Category: Volkswagen AG

Automakers Thrived in the Pandemic. Many Are Now Struggling.

Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories.
Volkswagen Unions Begin Short Strikes and Threaten More

Workers at nine of the automaker’s German factories walked off their jobs for several hours, and warned they would escalate the action if their demands went unmet.
Volkswagen Says It Is Exiting China’s Xinjiang Region After 12 Years

VW and its joint venture partner, SAIC Motor, are transferring an assembly plant and test tracks after years of criticism from human rights activists.
Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis

The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
How Volkswagen Lost Its Way in China

A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.
Volkswagen’s Woes Reflect a Stagnant German Economy

Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
For Companies in China, Pulling Out of Xinjiang Poses ‘Messy Dilemma’

Beijing’s investigation of the parent of Calvin Klein and Tommy Hilfiger, which stopped buying goods from Xinjiang, has put global firms in a difficult position.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe

BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
Volkswagen Quits Labor Agreement, Paving Way for Job Cuts

A week after it announced it was considering closing factories in Germany, the automaker said it was exiting a labor contract that protected workers from layoffs.