Page 3 - Volkswagen

Germany must forge new policy to save its industry, says Chancellor Scholz

Fears of de-industrialization came into focus last month when carmaker Volkswagen announced it was considering for the first time in its history closing factories in Germany

Volkswagen may book up to $4.4 bn in provisions on capacity cuts: Jefferies

Volkswagen said earlier this month it was considering shutting plants in Germany for the first time in its history

Germany's image as auto superpower hit by Volkswagen's slow decline

Germany is confronting the most symbolic moment yet in its story of industrial decline as its biggest manufacturer is poised to cross the Rubicon of factory closures

Volkswagen goes head-to-head with workforce over proposed cuts by company

Cavallo warned emotions will run high and management will be "very uncomfortable" at the meeting, expected to last several hours

Volkswagen considers closure of historic German plant to cut cost

VW has lost almost a third of its stock market value over the past five years, making it the worst performing stock among the major European carmakers

Volkswagen's passenger car brand struggles to meet cost-cutting target

The brand was 2-3 billion euros short of its savings goal for this year, two sources who declined to be named told Handelsblatt

Volkswagen's battery targets not 'set in stone', battery chief tells FAS

Volkswagen had said in 2021 that it wanted to build up to 240 gigawatt hours of battery capacity by 2030, of which 200 gigawatt hours would be built by its battery subsidiary PowerCo

Volkswagen doubles down on cost cuts to try to revive profit margins

The German group is further reducing production capacity, cutting costs and changing software spending following its investment in electric vehicle maker Rivian

As Volkswagen struggles in China. Can EVs help it grow in US market?

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

Volkswagen launches first certified pre-owned store in Coimbatore

German automaker Volkswagen on Wednesday said it has launched its first brand store under its Certified Pre-Owned business segment here in Tamil Nadu. The company, in line with the brand's global transition has rebranded its used car business 'Das WeltAuto' to 'Volkswagen Certified Pre-Owned' cars. Witnessing more than 10 times of volume growth over the last five years, the auto major said the Pre-Owned vertical would continue to offer customers same high-quality, reliable vehicles backed by a comprehensive inspection processes and warranty coverage. Volkswagen India operates 139 touchpoints trading in certified pre-owned cars across the country, with 36 of these functioning as exclusive certified pre-owned outlets. Volkswagen plans to expand this footprint in a phased manner by March 2025, a company statement said here on Wednesday. The company's popular sedan 'Virtus' has been driving the sales volume and holds 30 per cent market share in the segment in Tamil Nadu. The strategi

Cloaked Audis, covert CEO meeting: How VW's $5 bn Rivian bet transpired

Intense testing followed at the Palo Alto facility of how the US startup's architecture and software - controlling virtually every function - would work in the German cars

Volkswagen's $5 bn investment in US's Rivian boosts EV maker's shares

Shares of Rivian surged about 50 per cent in extended trade after the announcement

Volkswagen recalling 307,000 vehicles over airbag sensor wiring: Report

Volkswagen will notify all owners of the affected vehicles by August 16, the company said

Chinese automakers urge Beijing to impose retaliatory tariffs on EU cars

China's current import tariff for cars is 15%

Volkswagen to develop low-cost electric car to tackle Chinese rivals

The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), Volkswagen said, adding that a world premiere was planned for 2027

'Volkswagen in talks about passenger car production partnership in India'

The comments come after Volkswagen in February signed a supply agreement with India's Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles

Automakers Volkswagen, Renault end talks to develop affordable EV: Report

VW sources said a decision on the EV plan is expected within weeks. Thomas Schaefer, CEO of the Volkswagen brand, has said he wants to launch a lower-priced EV by 2027

Volkswagen strengthens retail footprint with new store in Tamil Nadu

German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil Nadu. "The Chennai Metropolitan area is one of the key markets for Volkswagen in India. In 2023, our Virtus was one of the highest-selling sedans in this market. With this inauguration of our newest touchpoint in Chennai, we are emphasising our commitment to the rising need for premium, safe, and reliable vehicles throughout India..", Volkswagen Passenger Cars India Brand Director Ashish Gupta said in a company statement on Saturday. The new store 'KUN Capital Motors' is headed by Director Arun Uppuswami and has a five-car display and 25 service bays, among others. "Our long-standing partnership with Volkswagen has driven a highly successful mobility revolution in Tamil .

Volkswagen rolls out two new variants of sports utility vehicle Taigun

German automaker Volkswagen has rolled out two new variants of its popular sports utility vehicle Taigun, the company said on Tuesday. Widening its product portfolio, the company has launched Taigun GT Line equipped with a 1.0L TSI engine at Rs 14.08 lakh, while the Taigun GT Plus Sport 1.5L TSI will be available at Rs 18.53 lakh, both ex-showroom prices. The two new variants were formally unveiled at the Volkswagen Annual Brand Conference which showcased its all-electric vehicle ID.4 in March. "The Volkswagen GT badge is an aspirational cornerstone that evokes the unmatched feeling of sporty driving. We are delighted to introduce the all-new Taigun GT Line and Taigun GT Plus Sport for Indian buyers," the company's Brand Director Ashish Gupta said. The aesthetic treatment of these new variants would create a differentiated value proposition, with Taigun showcasing a sportier and robust appeal, he said. The Taigun GT Line is powered by a 1.0-litre TSI Engine and it is available wi

German carmaker Volkswagen to tap demand for performance-oriented vehicles

Bullish on the growth of the sub-segment, he said it has been fuelled by how the customer preferences are evolving over a period of time