The big test for Volkswagen will come in 2026, when it tries to play catch-up in electric vehicles with four models. And Germany’s rally looks like it has legs.
Air defence radar maker Hensoldt offers to hire laid off engineers from Bosch and Continental as automotive job cuts rise
For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.
A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress
Germany Volkswagen's $60 billion investment in combustion engines focuses on sustainability and synthetic fuels, shaping the future of the automotive industry and EV transition.
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.
The European Union’s largest economy, Germany, is experiencing a deindustrialisation trend due to factors such as high energy costs, unhelpful government policies and investment shortfalls. The country’s fading industrial competitiveness isn’t likely to improve soon,
The Czech Republic, also known as Czechia, has built its post-Cold War economy in the same way Germany did post-reunification: with a focus on industry. Manufacturing as a share of GDP has hovered above 20% in the country for the last 30 years, joining Germany in bucking the Western trend of deindustrialization.
"It's hard to square the super-tough narrative of having reached a tipping point and going in all guns blazing, with the agreement that came out," said Stephen Reitman, analyst at Bernstein Research who has followed Volkswagen for decades.
Volkswagen is exploring the possibility of sharing its excess production lines in Europe with Chinese EV makers.
Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,