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.
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.
Volkswagen is open to allowing Chinese carmakers to take over its excess production lines in Europe, as it grapples with falling demand and rising competition from the very same companies eyeing its factories.
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
Car giant VW to wind down production at 2 factories; China could buy factories for foothold in Germany. Read more at straitstimes.com.
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.
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,
Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".
Germany's longstanding automotive legacy and ... Chinese investors are reportedly considering not only Volkswagen’s facilities but also plants previously owned by Ford, Nissan, and other legacy ...
However, state support for EVs has been patchy. Germany, Volkswagen's home market, abolished subsidies for electric cars at the end of 2023. Volkswagen is one of a number of European carmakers struggling in the face of fierce Chinese competition and the ...
Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get economic growth back on track.
Volkswagen is exploring alternative uses for its Dresden and Osnabrueck factories under a cost-cutting drive to pare back its German operations. Europe's biggest automaker, which owns brands including Porsche, Audi and Skoda, has seen sales fall amid rising competition from Chinese companies.