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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...They worked quicker and work was of a higher quality....
April 23, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
Volkswagen and Xpeng to develop two EVs for cut-throat China market
...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...
February 29, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inside BusinessPeter Campbell
How a survivalist mentality has helped Stellantis eclipse Volkswagen
...Volkswagen lost the crown as the world’s largest carmaker by sales to Toyota in 2016 in the wake of its diesel emissions scandal....
March 13, 2024
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...At the time, the UAW faced fierce opposition from elected officials, local business leaders and a group of anti-UAW employees funded by anti-union interest groups, said Harry Katz, a professor of collective...
April 20, 2024
Electric vehicles
Volkswagen cuts price of EV and combustion engine cars to boost deliveries to China
...“Volkswagen Group China’s e-offensive is taking effect,” said VW’s China head Ralf Brandstätter....
April 10, 2024
Volkswagen AG
Volkswagen to discuss future of Xinjiang operations with Chinese JV partner
...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....
February 14, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
April 15, 2024
Volkswagen AG
Volkswagen fails to win ground in China
...China has been accused of widespread human rights abuses against Uyghur and other Muslim groups in the region....
January 9, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...These should convert to deliveries in the second half of 2024. Volkswagen reported a 154 per cent year-on-year increase in its BEV order book in Europe in the first quarter....
April 23, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...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....
March 5, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
VW Group says electric-only deliveries to Europe fell by a quarter
...Volkswagen Group said its deliveries of battery electric vehicles to Europe in the first three months of this year fell by a quarter compared with the same period in 2023, compounding the challenge facing...
April 10, 2024
Volkswagen AG
Volkswagen executives warn works council of job cuts
...This article has been amended to correct Volkswagen Group’s number of employees...
November 27, 2023
Stellantis
Stellantis chief’s pay package approved by investors despite dissent
...By contrast in Europe, Oliver Blume, chief executive of Volkswagen, was awarded a €8.7mn pay package for 2023....
April 16, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
April 19, 2024
Volkswagen AG
Veteran asset manager hits out at VW’s ‘flawed’ governance
...“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...
December 27, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Automobiles
A $10bn car? The trend for hyper-personalised cars gains momentum
...One of the most popular Rolls-Royce features is a night sky scene of tiny dimmable fibre optic lights installed in the roof of the car, allowing chauffeur-driven stargazing....
April 12, 2024
News updates from October 20: Biden asks Congress for $100bn security package, 30-year gilts hit quarter-century high
Volkswagen cuts profit guidance on €2.5bn hit from commodity hedges
...Volkswagen has cut its full-year profit guidance after announcing losses of €2.5bn because of negative effects from raw material hedging....
October 20, 2023
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...The German group’s 11 per cent pay increase means three-quarters of non-unionised US car plants owned by traditional car brands have now raised wages since the deal, a pattern the union is calling “the UAW...
November 22, 2023
Chinese politics & policy
Volkswagen says Xinjiang plant audit finds no evidence of forced labour
...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....
December 5, 2023
EU economy
EU set to ban forced-labour products with China in its sights
...The EU imports large amounts of solar panels from the region and Volkswagen operates a car assembly plant there....
March 5, 2024
News updates from March 26: Baltimore road bridge collapses; Trump’s social media business soars in market debut
Sales at BYD disappoint as competition bites
...BYD has slashed prices of almost every model in its line-up since the start of 2024, as the group vowed to win battles both with EV upstarts and with traditional brands such as Toyota and Volkswagen....
March 26, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
April 23, 2024
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...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...
February 18, 2024
Inside BusinessPatricia Nilsson
The German business dilemma in China
...“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....
February 16, 2024
Volkswagen AG
Volkswagen weighs up ending Polo production in Europe
...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....
September 15, 2023

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