Volkswagen wants to boost sales of electric cars to avoid 1.5 billion euros ($1.56 billion) in fines under stricter EU carbon emissions targets, a source at the German car giant said Tuesday. “1.5 billion is the

For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.

Car giant VW to wind down production at 2 factories; China could buy factories for foothold in Germany. Read more at straitstimes.com.

Car giant Volkswagen to wind down production at two factories China could buy factories for foothold in Germany, says source Volkswagen open to selling to China buyer,

Chinese officials are eyeing Germany's automotive sector, seeking to acquire factories like Volkswagen's to avoid EU tariffs on electric vehicles.

CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.

The ailing German brand, facing plant closures at home and declining sales of its once vaunted EVs, hopes the ID. Buzz can revitalize consumer interest.

However, state support for EVs has been patchy. Germany, Volkswagen's home market, abolished subsidies for electric cars at the end of 2023. Volkswagen is one of a number of European carmakers struggling in the face of fierce Chinese competition and the ...

VW produces and sells vehicles around the world. Its Germanness is an important selling point, but the company is equally at home in China, Brazil and the US. Its dependence on foreign markets may soon come to bite.

Here are today's top 10 largest car companies by market capitalization, as electrification takes center stage.

Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".