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The VW Union Takes a Stand Against Factory Closures

Trade union leaders at German Volkswagen (VW) are proposing new cost-cutting measures of 1. 5 billion euros (equivalent to 17.

The VW Union Takes a Stand Against Factory Closures

VW: In close contact with Northvolt

Volkswagen (VW) is as a major customer in close contact with the crisis-stricken Swedish battery manufacturer Northvolt, according to a spokesperson for the German automotive group. The spokesperson adds that VW from that perspective supports the industrial investment in increased production in existing facilities in Skellefteå.

VW: In close contact with Northvolt

Full speed in the factory – but order intake is plummeting

Record production and deliveries and a significant profit increase characterize the third quarter for truck manufacturer Scania. However, order intake points sharply downward.

Full speed in the factory – but order intake is plummeting

BMW does not want to invest more in Northvolt

The German car manufacturer BMW does not want to invest more in the crisis-stricken Swedish battery manufacturer Northvolt AB, reports the news agency Bloomberg with reference to a source. Northvolt is in an acute liquidity crisis and has notified 1,600 employees of termination and has also paused major investments since the funds are not sufficient.

BMW does not want to invest more in Northvolt

Northvolt owner: The situation is serious

The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg.

Northvolt owner: The situation is serious

The Crisis for Electric Cars - "Rather an Adjustment"

Declining sales, halted investments, scrapped targets, lowered forecasts, and cutbacks. The electric car industry in Europe is facing headwinds.

The Crisis for Electric Cars - "Rather an Adjustment"

German Minister Robert Habeck Considers Support for the Car Industry

Germany's Minister of Economy Robert Habeck says that support measures for the German car industry may become relevant, in connection with a visit to an electric car factory in northwestern Germany. The statement is made ahead of a meeting with the top executives of the German car manufacturers on Monday.

German Minister Robert Habeck Considers Support for the Car Industry

The title in English is: Share price fall for Mercedes after profit warning

The German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024.

The title in English is: Share price fall for Mercedes after profit warning

VW to close car factory in China by 2025

The German vehicle manufacturer Volkswagen (VW), Europe's largest car manufacturer, plans to close a factory in Nanjing, China, which it operates together with the Chinese company SAIC Motor. Production may stop as early as 2025, reports the news agency Bloomberg, citing sources.

VW to close car factory in China by 2025

Volkswagen considers closing German factories

The venerable German Volkswagen (VW) is considering closing down factories in Germany for the first time in the company's 87-year history. The purpose would be to reduce costs.

Volkswagen considers closing German factories

VW considers closing large electric car factory

The German vehicle concern Volkswagen's share is rising by over 1 percent after the announcement that they are considering closing the subsidiary Audi's electric car factory near Brussels to save costs. Unexpectedly weak demand is behind the announcement.

VW considers closing large electric car factory