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...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....
...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 Group China’s e-offensive is taking effect,” said VW’s China head Ralf Brandstätter....
...The union tried twice before to organise the Volkswagen plant, most recently in 2019. It lost that election 833 to 776....
...Audi is looking into manufacturing electric cars in the US, including using space in a $2bn plant being built by parent company Volkswagen in South Carolina....
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
...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 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....
...Flossbach pointed out Italian luxury sports-car maker Ferrari, which is more than 50 times smaller than Volkswagen by revenues, has a larger market capitalisation than VW....
...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....
Wealthy customers are pouring more money than ever into customisation, pushing carmakers to invest in supply chains and dedicated teams
...This article has been amended to correct Volkswagen Group’s number of employees...
...The EU imports large amounts of solar panels from the region and Volkswagen operates a car assembly plant there....
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
...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?...
...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....
...Renault had also begun talks with Volkswagen about collaborating on a low-cost EV project, De Meo said....
...Hints that its indirect owner Volkswagen may increase the free float number of shares also boosted sentiment. Offsetting this optimism will be the cost of Porsche’s outsized bet on electric vehicles....
...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....
...BASF’s decision in Xinjiang follows a recent controversy surrounding an independent human rights audit for Volkswagen’s plant in the region....
...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....
...The remaining clients include Volkswagen and Deutsche Bank, he said. But EY’s overall audit revenue in Germany still rose 8.4 per cent to €714mn in 2023, compared with a year earlier, he added....
...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 luxury car brand has recognised Rosenberger as a co-founder of the company along with Porsche and Piëch, whose descendants now control both Porsche and Volkswagen, with a stable of brands from Audi to...
...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...
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