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Related Special Reports
...Thousands of Porsche, Bentley and Audi cars have been impounded in US ports after a supplier to parent group Volkswagen found a Chinese subcomponent in the vehicles that breached anti-forced labour laws....
...The company has sold only 300,000 vehicles in its history — the same number produced by Volkswagen’s Porsche brand every year....
...Volkswagen has responded to fresh allegations of having benefited from forced labour in Xinjiang by announcing talks with its Chinese joint venture partner over “the future direction of business” in the...
...“Volkswagen Group China’s e-offensive is taking effect,” said VW’s China head Ralf Brandstätter....
...Volkswagen has failed to win ground from key rivals such as Tesla and BYD in China, despite spending €5bn last year to defend its position in the world’s biggest car market....
...But the same is not necessarily true for Volkswagen, which will now become the last remaining large German group with a plant in Xinjiang, albeit one that is now only a distribution hub....
...Volkswagen has said that an audit of its plant in Xinjiang, the region of China at the centre of accusations of human rights abuses, has found no indications of the use of forced labour....
...But what if BYD, mostly known for its affordable EVs, wants not only to cut into Tesla’s market share, but to challenge the world’s two biggest automakers, Toyota and Volkswagen?...
...When Volkswagen decided more than a decade ago to build a plant in China’s Xinjiang region with Chinese partner, SAIC, the aim was not primarily to sell cars to the local market....
...At 10 times forward earnings, the stock trades at more than twice the valuation of rival Volkswagen, another group which has had reputational issues....
...At the end of 2020 Volkswagen opened a research and development centre in Anhui province, and owns a major stake in Guoxuan, a Chinese battery firm....
...Not every German exporter is a big investor in China, even if some German exporters are among the biggest ones — Volkswagen, BMW, Daimler and BASF alone make up about one-third of it....
...The relationship, which spans Germany’s largest groups including Volkswagen and BASF to small and medium-sized companies of the country’s Mittelstand, was long seen as a pillar of the country’s economic...
...Renault had also begun talks with Volkswagen about collaborating on a low-cost EV project, De Meo said....
...A vote is scheduled this month at Volkswagen’s factory in Chattanooga, Tennessee, after more than 70 per cent of workers there signed union authorisation cards....
...Volkswagen has been using Fanuc’s robots for about a decade....
...In response, the report said, Volkswagen and GM sought to minimise their responsibility for supply chain oversight....
...BASF’s decision in Xinjiang follows a recent controversy surrounding an independent human rights audit for Volkswagen’s plant in the region....
...That uncertainty has also pushed Germany’s Volkswagen to hold talks with Renault to pool resources to develop lower cost EVs....
...German companies have a strong presence in China’s markets, particularly groups such as Volkswagen and BASF, complicating Germany’s position on protectionist measures....
...As evidence that foreign carmakers are realising the advantages, he points to Volkswagen’s $700mn tie-up with Chinese rival Xpeng last year....
...The consultancy firm hired by Volkswagen to investigate allegations of forced labour in the carmaker’s Xinjiang plant in China is facing a staff rebellion after the report cleared the German company of human...
...Honda and Nissan will team up to develop electric cars, days after Volkswagen said it may collaborate with Renault, as traditional carmakers combine forces in the face of the threat from Chinese EVs....
...He Xiaopeng, chief executive of Xpeng, said the Volkswagen-backed company would add 4,000 staff and invest Rmb3.5bn ($486mn) in autonomous driving and artificial intelligence technologies....
...Like its most successful cars, Tata Motors now comes at a price: the shares trade at 12 times forward earnings, a premium to global peers including Toyota and Volkswagen....
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