Audi Financial News
01.04 / 00:35
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This Brooklyn wigmaker faces manslaughter charges after fatal car crash. Here’s what we know about driver
Miriam Yarimi, allegedly had a history of reckless driving. She reportedly spoke about her passion for speed and luxury cars. Authorities are now reviewing her past traffic violations.
18.03 / 00:35
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Volkswagen
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Volkswagen Group yet to finalise India EV strategy as rivals accelerate
Mint, Audi India's top executives said that the company has exhausted its current resource allocation for the EV business and is in discussions with its headquarters for the next phase, echoing earlier comments from Skoda and Volkswagen India leadership, and leaving the Wolfsburg-based Volkswagen Group among the few major foreign carmakers without a clear EV roadmap for the country.This is in contrast with other foreign luxury car makers like Mercedes and BMW and mass-market players like Renault, Honda, Hyundai, VinFast and Suzuki that have announced their EV plans for India and committed to scale their sales over the next few years.“We are not selling an electric car because we have been selling it for the last 3-4 years. The quota that was allocated to us, the cars that we were selling got over,” Balbir Singh Dhillon, brand director at Audi India, told Mint ahead of its latest car launch in the national capital.“We are in the process of defining what next model that we bring in, at what point in time, at what price point,” Dhillon said, adding that the company would publicly announce its plans soon and remains optimistic about the opportunity in the country's EV market.Dhillon's comments echo statements from the brand head of Skoda as well as the Volkswagen Group head in India over the past two months.
04.04 / 23:01
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Volkswagen to add 'import fee' to cars sold in US
Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States. The company's move is one of the first and clearest examples of automakers using price increases to deal with the 25% tariffs President Donald Trump imposed on car and auto parts imports. The tariffs on vehicles went into effect Thursday, and the levies on parts will become effective May 3. In a Tuesday memo to dealers, Volkswagen said that the exact fees would be determined by the middle of April. The New York Times reviewed a copy of the memo. The automaker also told dealers it planned to cut back on sales incentives and had halted rail shipments of cars to the United States from its plants in Mexico, although shipments by sea continue. Volkswagen plans to hold cars that are subject to the tariffs in port for «the near term.» It also told dealers that the price of the Volkswagen Atlas sport utility vehicle, which is made in Chattanooga, Tennessee, could be affected by the tariffs because it includes important imported components. The extent of the impact most likely will not be known until May, the memo said. The automaker, including its Audi and Porsche brands, imports almost all the cars it sells in the United States. Besides the Atlas, Volkswagen also assembles the ID.4 electric sport-utility vehicle in Tennessee.
31.03 / 13:39
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Mercedes-Benz tried hard to be American. It still got hit by tariffs.
Subscribe to enjoy similar stories. As speculation swirled last month about how auto tariffs would hammer foreign carmakers, Mercedes-Benz Chief Executive Ola Källenius had a ready answer. “We’re also an American company," he said, highlighting the carmaker’s 11,000 U.S.-based workers and that two of his three children were born in the country.
17.03 / 19:47
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Audi announces massive job cuts, sends big message to luxury car industry
Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing «immense challenges» as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi's global workforce — were aimed at boosting «productivity, speed and flexibility» at its factories in its home market, the manufacturer said. «The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,» Audi, a subsidiary of Volkswagen, said in a statement. It is the latest bad news from the ailing auto sector in Europe's biggest economy, which has been hit hard by a stuttering shift to electric cars, fierce competition in key market China from local rivals and weak demand. Audi, headquartered in the Bavarian city of Ingolstadt, said the cuts would be in areas like administration and development and be carried out in a «socially responsible» manner, meaning there would be no compulsory redundancies.
22.02 / 07:37
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2025 Volvo XC90: 5 reasons you should consider buying the upcoming SUV
₹1.01 crore (ex-showroom) and the facelift is likely to introduce a slight premium. For those interested in the updated Volvo XC90, here are the key highlights:DesignThe facelift includes a redesigned front grille featuring diagonal slats. The LED daytime running lights maintain their signature Thor hammer design with slight modifications while the front bumper has been enhanced with additional air intakes.
02.02 / 08:19
03.01 / 09:21
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Audi Q7: A luxury seven-seater gets a stylish makeover
Subscribe to enjoy similar stories. The Audi Q7, a car popular among India’s film stars, has long been a symbol of luxury and practicality. With its combination of reliability and solid build quality, it has been the go-to seven-seater SUV.
01.01 / 07:09
28.12 / 18:21
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Premium sedan space sees action with new launches
premium sedan market is experiencing a strategic shift as manufacturers prioritise value creation over volumes through luxury, technology and performance integration.
27.12 / 17:11
09.12 / 10:29
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Tata Motors to hike passenger vehicle prices by up to 3 pc from January
Tata Motors on Monday said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. «Effective January 2025, the price increase will vary depending on model and variant,» it added. Already, various carmakers, including Maruti Suzuki, Hyundai, Mahindra and JSW MG Motor, have announced to hike vehicle prices from the next month.
08.12 / 08:37
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Cars set to get expensive from January as OEMs announce price hikes
Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India Partner Rajat Mahajan said.
28.11 / 19:01
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Experts
Audi India expects supply chain woes to slow sales this year, bets on new models
Audi India expects to end 2024 with a decline in car sales mainly due to supply chain disruptions exacerbated by global geopolitical uncertainties, a senior company executive said. The Volkswagen Group company expects to score a sales revival next year backed by better availability of models, Balbir Singh Dhillon, head, Audi India told ET. Dhillon noted that the Indian luxury car market is expected to grow to record more than 50,000 units this calendar year. The Indian luxury car market has the presence of BMW, Mercedes-Benz and Jaguar Land Rover, among others.
27.11 / 12:09
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Volkswagen
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Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040
24.11 / 13:05
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85-year-old Kerala man buys his 60th car – A brand new BMW 2 Series Gran Coupe
Narayanan Pillai, a former advocate from Mavelikkara, Kerala. Over the years, this octagenarian has amassed more than 60 cars cementing his status as a standout figure in the car enthusiast community. The latest addition to his collection in the garage is the swanky, BMW 2 Series Gran Coupe (220i) in black. As per reports, his enthusiasm for cars kicked in when he lived in Australia and bought his first car, Audi Fox, which left quite an impression on his mind. Gradually, when he achieved financial stability, he always ensured that his garage had new cars. But for him, cars are not about collecting. He believes in buying a car, using it extensively for some time and exchanging or sell it away for another brand. The video has amassed 43.2 lakh views on Instagram. The clip shows Mr Pillai, dressed simply completing the formalities of buying a car. He smiled proudly upon receiving the keys of the car and posed for the camera. It concluded with him driving away in the luxurious sedan. The internet was all praises for the man. Many loved that Mr Pillai was enjoying his own success, while a few were impressed by the choice of the car’s colour. One wrote, “Matured car machine finally got a matured owner.” The internet was in love with his aura.
13.11 / 08:27
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Inside VW and Rivian’s big bet to rescue each other
Subscribe to enjoy similar stories. In August, a small team of Volkswagen executives and engineers flew from Germany to Palo Alto, Calif., to take a top-secret vehicle for a spin. Originally built as an electric Audi, the vehicle had been shipped to the U.S.
21.09 / 18:19
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Man
Porsche
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Headlines
Why do rich kids keep banging luxury cars?
Sep 10: 'Maharashtra BJP chief Bawankule's son's Audi hits several vehicles in Nagpur, driver arrested' May 27: 'Pune Porsche crash: Grandfather of minor arrested; police say he told driver to take blame, promised him reward'
17.09 / 11:33
Southern
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electronic
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isolate
Autoworkers demonstrate in Brussels to protest layoff threats across the EU industrial base
Trade unions and thousands of disgruntled workers are demonstrating in the Belgian capital to protest the threat of massive layoffs in a state-of-the-art Brussels car factory and other key industries
16.09 / 10:01
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Manufacturing
Audi
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Europe's EV troubles bubble up at Brussels Audi factory
Audi factory in Brussels described by the German carmaker as the «cradle» of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle. The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition from China. Audi is a subsidiary of Volkswagen, which earlier this month made the bombshell announcement that it was considering the unprecedented step of closing production sites in Germany.
08.09 / 07:46
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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history
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