Volkswagen Financial News

05.09 / 00:33

Volkswagen Southern innovations Workers at General Motors joint venture battery plant in Tennessee unionize and will get pay raise

About 1,000 workers at a General Motors joint venture electric vehicle battery plant in Spring Hill, Tennessee, will get big pay raises now that they have joined the United Auto Workers union

03.09 / 23:55

markets UPS Manufacturing Volkswagen country reports Enter the dragon: Under pressure from Chinese EV makers Volkswagen may close plants in Germany for the first time in history

Volkswagen is currently weighing all its options around Germany as there is a constant pressure from Chinese EV makers who have forced plants in Germany to close down, due to the increasing competition from the South Asian country. The economic environment has ended up in major crisis and as new competitors are entering the European market, things are getting much tougher for Volkswagen in order to maintain its logistics and manufacturing hub in the country, and still manage to upkeep its profits and other relevant costs.

03.09 / 12:53

markets UPS CEO Volkswagen Software testing Scandals Former Volkswagen boss Winterkorn faces trial over diesel cars rigged to cheat on emissions tests

Former Volkswagen Group CEO Martin Winterkorn is facing trial on charges of fraud and market manipulation

02.09 / 19:37

markets COST Manufacturing CEO Volkswagen country Volkswagen is cancelling a no-layoffs pledge and won't rule out closing plants in Germany

Volkswagen says it's not getting the cost reductions that it needs — and won't rule out plant closings in its home country Germany

27.08 / 19:43

markets CEO Volkswagen Platform Tesla reports Features Volkswagen China is spending lots of time at Xpeng to make new EVs

BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.

18.08 / 01:08

markets UPS Volkswagen Audi wellness Features Carmakers revving up style quotient: SUVs get a coupé makeover to woo a competitive market

A body style that is finding favour with several of them is coupé, with Citroen and Tata Motors already launching SUVs with the distinct design feature of the roof sloping steeply towards the rear that so far has been found mostly in luxury vehicles. Mahindra & Mahindra is exploring a coupé version of the XUV7OO SUV and also in its electric vehicle line-up, while Volkswagen as well as Renault have coupé SUVs in their pipelines for India, said people in the know. Luxury-car makers Audi, Mercedes-Benz, Jaguar Land Rover and Porsche already sell coupé SUVs in India.

14.08 / 05:01

UPS Manufacturing Volkswagen economy War country The sleepy Czech town helping Europe compete in the global chip war

Roznov pod Radhostem was best known for its rum-drizzled sweet pies and an open-air museum showing off historical wooden houses. Then came an announcement that stirred the sleepy backwater. US chipmaker ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hub in June. The past few weeks have seen a flurry of visits by property developers, the head of a local university and government officials followed around by television crews. The interest isn’t surprising given the investment will be the biggest by a foreign company in the Czech Republic for three decades. But it also reflects how there’s more riding on the plan to make a new generation of microchips than the prospects of a corner of central Europe.

24.07 / 23:36

COST UPS Volkswagen Opinion band Loblaw Opinion: Canadians are tired of Ottawa’s over-taxing and high spending

The Trudeau government is like a band that only knows one tune: more spending/higher taxes.

13.07 / 09:36

markets Volkswagen Tesla Nov wellness Trade European Commission Investigations Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know

The European Union is moving to sharply increase customs duties on electric vehicles made in China

12.07 / 20:16

markets BLOCK Volkswagen Tesla wellness Trade European Commission Investigations Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know

European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month's time. Here are some basic facts about the EU's planned customs duties: What did the European Union do?

12.07 / 14:31

Cooper Man Volkswagen security economy Trade politician Germany stops planned sale of Volkswagen's gas turbine business to China

Volkswagen unit MAN Energy Solutions' gas turbine business to a Chinese company on Wednesday, with ministers citing security reasons. The decision comes amid rising trade tensions between the EU and China. Germany's economy ministry can review and stop transactions deemed to have national security implications, and Berlin and the EU are trying to reduce risks from economic ties with Beijing. The planned sale of the German business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT) was announced in June 2023 at an undisclosed price, but MAN Energy Solutions said in September the government would take a close look.

26.06 / 21:43

UPS DOW Volkswagen reports How major US stock indexes fared Wednesday, 6/26/2024

Stocks drifted to a mixed close near the all-time highs they set last week

26.06 / 16:07

markets COST UPS CEO Volkswagen Platform Software Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion

Shares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement

26.06 / 16:07

COST Volkswagen cover 2020 Sporting Volkswagen is recalling over 271,000 SUVs because air bag may not inflate in a crash

Volkswagen is recalling more than 271,000 SUVs in the U.S. because the front passenger air bag may not inflate in a crash

26.06 / 02:31

markets COST UPS Provident CEO Volkswagen Software Volkswagen's $5 billion investment in Rivian boosts EV maker's shares

German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies said on Tuesday.

23.06 / 23:01

CEO Volkswagen economy Southern track country Relationships South Carolina governor visiting Germany, a major driver of the state's economy

South Carolina Gov. Henry McMaster is off to Germany next week to strengthen the business ties that have fueled an economic boom this century in the formerly struggling Southern state

23.06 / 22:43

UPS Citi Volkswagen PINK Boxing blues A Mexico City neighborhood keeps the iconic Volkswagen Beetle alive

The Volkswagen Beetle may have been born in Germany, but the “Bug” is king in a neighborhood on the fringes of Mexico City

19.06 / 18:53

UPS Volkswagen economy country US chipmaker onsemi will invest $2 billion in a chip production facility in the Czech Republic

The U.S. chipmaker onsemi is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic

19.06 / 10:45

markets UPS IPO Volkswagen Hyundai Trade Could Hyundai command a higher valuation than Maruti?

₹25,000 crore or so, including an offer-for-sale (OFS) for more than 142 million existing shares, or around 17.5% of the company. All the proceeds will go to the giant parent firm, the world’s third-largest automaker after Toyota and Volkswagen. The retail quota for the IPO is 35%, and potential investors should consider some interesting points.

07.06 / 20:33

Reuters Volkswagen Election WSJ track reports prevention US lawmakers call to add China's CATL, Gotion to import ban list, WSJ reports

CATL and Gotion High Tech should be added immediately to an import ban list, a group of Republican lawmakers said, alleging their supply chains use forced labour, the Wall Street Journal reported.

03.06 / 15:13

Volkswagen Election WhatsApp Sporting Volkswagen India to offer 6 airbags across all variants Taigun and Virtus models

Volkswagen India on Monday said it will offer six airbags across all variants of its 5-Star Global NCAP (GNCAP) safety-rated Taigun and Virtus models. Since the introduction of the India 2.0 product portfolio, the company said it is continuously enhancing its product offerings and has expanded its variant line-up, keeping in mind customer demand for its cars in India.

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