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Volkswagen Says September Volkswagen Group Deliveries Down 32.9% At 626,200 Vehicles
There Are No Plans To Cut 30,000 Jobs - Volkswagen spokesperson
Volkswagen Says VW China Builds Battery System Factory In Anhui
Volkswagen AG is a Germany-based company that manufactures and sells vehicles. It operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
Auto & Truck Manufacturers
Berliner Ring 2
Hans Dieter Poetsch
Chairman of the Supervisory Board
Chairman of the Management Board, Group Chief Executive Officer
Deputy Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Responsible for Finance and IT
Member of the Management Board, Human Resources and Truck and Bus
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Investment bank Goldman Sachs and law firm Freshfields are among advisors working on a possible listing of Volkswagen's luxury unit Porsche AG, Manager Magazin reported on Thursday, without saying where it obtained the information.
Investment bank Goldman Sachs and law firm Freshfields are among advisors working on a possible listing of Volkswagen's luxury unit Porsche AG, manager magazin reported on Thursday, without saying where it obtained the information.
Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source with knowledge of the matter said, the lowest figure since 1958 and far behind its average output before the pandemic.
Volkswagen AG's top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year.
Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum.
Skoda Auto started a two-week outage on Monday as the carmaker contends with the global shortage of chips and other components, the Vokswagen-owned company said.
Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker's CEO Herbert Diess, who wants to galvanise VW's top brass for a faster pivot to electric vehicles.
Volkswagen's CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.
Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve competitiveness with players such as Tesla, German daily Handelsblatt reported on Wednesday.
* Plant in eastern Europe planned for 2027 (Updates with Volkswagen comment)
Czech Industry Minister Karel Havlicek said on Monday that Germany's Volkswagen has delayed a decision on the location of its gigafactory, where the Czech Republic was among the candidates.
Premium car brand Audi, Volkswagen's biggest profit contributor, has to troubleshoot on a day-to-day basis to tackle an ongoing shortage of auto chips, its chief executive said.
The head of Volkswagen's works council wants the carmaker to bring forward production of electric vehicles at its main plant in Wolfsburg to 2024 make it more competitive, a newspaper reported on Saturday.
A group of 12 major foreign automakers, including Toyota Motor Corp, Volkswagen AG , Hyundai Motor Co and Nissan Motor Co , urged U.S. House of Representatives Democrats to reject a proposed $4,500 tax incentive for U.S-made electric vehicles by union workers.
German truckmaker MAN, owned by Volkswagen's Traton division, aims to significantly raise its profit margin by 2023 as it restructures to adapt to the electric age, its chief executive said.
Germany's motor vehicle authority (KBA) has ordered a recall of about 200,000 Volkswagen T6 multivans that were built between 2019 and 2021, it said on Thursday.
The chief executive of Volkswagen's truck unit Traton, Matthias Gruendler, will leave the business and will be replaced by the head of Traton subsidiary Scania, Christian Levin, who will lead both businesses.
Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over updates of emissions software arising from the 2015 diesel cheating scandal.
Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over post-vehicle updates of software emissions arising from the 2015 diesel cheating scandal.
Germany's Social Democrats (SPD) narrowly won Sunday's national election, with the most likely outcome being a three-way alliance led by either the SPD or Chancellor Angela Merkel's conservatives.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.