Category: Volkswagen AG

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.
Battery Maker Northvolt to Cut Costs as E.V. Demand Slumps in Europe

The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grapples with competition from China.
Former Volkswagen Chief Executive Faces Trial in Emissions Case

Nine years after the carmaker admitted to concealing emissions on a massive scale, Martin Winterkorn will be tried in a German court.
Volkswagen Considers Closing Plants in Germany

For the first time in its 87-year history, the automaker is considering shuttering factories in Germany, citing the need to remain competitive.
Electric Vehicles May Become Harder to Rent

Rental car firms are offering temporary deals on electric cars, which they are selling after they lost value more quickly than expected.