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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....
...In 2022, Justin Trudeau’s government ordered three Chinese groups to divest from early-stage lithium mining companies listed in Toronto, some of which had assets outside of Canada....
...Volkswagen lost the crown as the world’s largest carmaker by sales to Toyota in 2016 in the wake of its diesel emissions scandal....
...Volkswagen and Chinese start-up Xpeng have sealed an agreement on jointly developing two electric vehicles, offering new details of a partnership aimed at securing footing amid cut-throat competition in...
...The Wolfsburg-based group was one of the first western companies to enter China in the late 1970s and makes roughly half of its profits in the country....
...China has been accused of widespread human rights abuses against Uyghur and other Muslim groups in the region....
...Total hybrid sales of about 1.2mn cars matched EV sales figures. For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth....
...This article has been amended to correct Volkswagen Group’s number of employees...
...“These historic union victories are not only improving the lives of union members, but that is beginning to spill over into the lives of non-union workers in America as well,” he said....
...“Ever since the diesel scandal, the flaws [in Volkswagen’s governance] have become clearly evident,” said Bert Flossbach, co-founder of Flossbach von Storch, which has €70bn of assets under management and...
...Volkswagen has cut its full-year profit guidance after announcing losses of €2.5bn because of negative effects from raw material hedging....
...Corporate updates: Adidas, Balfour Beatty, Eni, Eon, F&C Investment Trust, Ferrexpo, Geberit, The Gym Group, Inditex, Metro Bank and Volkswagen issue results....
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
...Trade group Airlines for America said that carriers “offer transparency and vast choice to consumers”, and that average domestic round-trip fares, including with ancillary fees added, were 14 per cent lower...
...Volkswagen is reviewing the fate of the VW Polo car in Europe before the end of the decade as emissions regulations start to push up the cost of producing petrol-engine cars....
...The one thing that draws all these groups together is their collective rejection of the tyranny of AI-controlled work....
...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....
...The EU imports large amounts of solar panels from the region and Volkswagen operates a car assembly plant there....
...Carlos Tavares, who took over the combined group from his post at PSA, has wielded the axe to achieve top of the range operating margins, expected to come in at 12.5 per cent for 2023, according to Citi....
...At 10 times forward earnings, the stock trades at more than twice the valuation of rival Volkswagen, another group which has had reputational issues....
...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....
...At stake is the infrastructure needed to make motorway driving less of a struggle for EV owners. Volkswagen this week announced that it may adopt Tesla’s North American Charging Standard....
...“Volkswagen needs China to sell its cars, but China has its own carmakers by now,” Werning said, highlighting how the Wolfsburg-based group relies on the country for roughly half of its profits....
...There are two areas of concern: possible collection of US user data by China and the potential for China to use the app to influence its audience....
...Zhongtai Group, the Xinjiang-based owner of Markor, did not immediately respond to a request for comment....
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