Volkswagen Financial News

Skoda Auto Volkswagen India's arguments against a USD 1.4 billion notice from the Customs department.

Ranveer Singh as its first-ever brand superstar in a one-year endorsement deal. This marks the first time Skoda has appointed a celebrity endorser globally, breaking tradition to strengthen its presence in India, its second most important market after Europe.

Germany’s auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen AG, Mercedes-Benz Group AG and hundreds of parts makers dangerously behind in the transition to electric vehicles.

Skoda Auto, leading Volkswagen's India investments, is considering investing in India's new electric vehicle (EV) policy. However, the company wants the government to include hybrid and plug-in hybrid electric vehicles (PHEVs) for benefits, citing challenges with charging infrastructure and consumer acceptance of pure electrics.

Peugeot-Saveurs, which makes the culinary tools.

Volkswagen’s employee representatives say they have reached a wage deal

Subscribe to enjoy similar stories. Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. The message, however, was quickly drowned out by news with far more bearing on the Japanese carmaker’s future.

Subscribe to enjoy similar stories. Could Japanese carmakers rally together to push the pedal on electric vehicles (EVs), a fast-emerging market in which they lag their overseas rivals? Honda and Nissan are reported to be exploring a merger.

Volkswagen and German unions will most likely either reach a deal in the early hours of Wednesday or adjourn until the new year, a source familiar with discussions said on Tuesday, as the two sides strive to reach a cost-cutting pact before Christmas. After a 13-hour negotiation round on Monday ending after midnight, talks are expected to stretch even further into the early hours of Wednesday, the source said, declining to be named because discussions are private. Both Volkswagen and labour leaders have expressed a keen interest in a deal this year, but they remain far apart on key issues, including the possibility of plant closures, which labour representatives adamantly oppose but which the carmaker insists it cannot rule out.

Japanese automakers Nissan Motor Corp. and Honda Motor Co. have confirmed that they are discussing closer collaboration but denied reports they have decided on a merger

Midsize three-row SUVs are among today’s primary modes of family movement, but some are roomier than others

Volkswagen workers have launched rolling two-hour strikes at nine plants across Germany to underscore their resistance to pay cuts and factory closures

Subscribe to enjoy similar stories. Car dashboards have an array of indicators that illuminate to warn of trouble. If the boardrooms of Europe’s carmakers had similar systems they would be lit up like a Christmas market.

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.

Britain’s new Labour government will launch a consultation on sales targets set for auto manufacturers during the transition to electric vehicles

Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory

Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries

Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India told ET. Arora’s statements come amid media reports of a potential equity partnership between the Volkswagen Group with Mahindra & Mahindra (M&M). Several auto companies such as Ford, General Motors, MAN Trucks and two-wheelers such as UM Motorcycles, Harley Davidson have exited India, amid low volumes which made it difficult to sustain operations viably in the country. Ford, which only recently announced plans to restart manufacturing operations at its plant in Chennai for global markets, had pulled the plug on India ops after a possible joint venture with Mahindra fell through. Harley Davidson, meanwhile rebooted India ops through a sales, manufacturing tie-up with Hero MotoCorp.