Volkswagen is ‘Tremendously Undervalued’ as a company, says CFO
04 May 2019 | 4:18 pm
Frank Witter, chief financial officer at Volkswagen, discusses the importance of China to his business, how a U.S.-China trade agreement would impact the company, enlarging their footprint in the U.S., expansion in China, the drop in sales in Audi and Porsche, the potential for job cuts, an IPO for the trucks division and unlocking value in their sports car division.
28 Sep 2022
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18 Sep 2022
As households and businesses face rising energy bills, the EU's Commissioner for Jobs and Social Rights is stressing the importance of supporting small and medium-sized businesses all over Europe. "A lot of households and household incomes depend on the survival of SMEs. That's why it's important to support businesses and particularly SMEs," Nicolas Schmit told FRANCE 24's Armen Georgian. Schmit also discussed the latest developments on minimum wages and the regulation of platforms such as Uber Eats and Deliveroo.
28 Sep 2022
This Cayenne is the new top-of-the-line model: 640 horsepower, 4 liter V8 bi-turbo engine, 0-100 in 3.3 seconds, top speed of 300 kilometers an hour. We went out for a spin on the racetrack with rally legend Walter Röhrl.
7 Oct 2022
Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year.
24 Oct 2022
The former British finance minister is seen as favorite to win the Conservative Party leadership race after former Prime Minister Boris Johnson pulled out.
Arsenal legend Thierry Henry has shut down rumors linking him with the vacant Belgium manager job. It had been reported that Henry had contacted the Belgian FA to succeed Roberto Martinez as first-team manager. However, Henry claims he never contacted the Belgian FA over the possibility of taking over from Martinez.
The newly passed equality act aims to tackle the massive imbalance between men and women in positions of power. It also guarantees at least 14 weeks of maternity leave.
US President Joe Biden pledged to continue rebuilding the economy and uniting the nation during a speech before a divided Congress. Republicans heckled the president, booing his remarks at points during the address.
VW's chief of China operations says he "verified the facts" about accusations that one of the company's car plants in Xinjiang relied on the forced labor of Muslim Uyghur workers.
German car giant Volkswagen has chosen Canada to build its first battery plant outside Europe to localize its electric vehicle production chain in the region.
Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday (March 14), with spending on combustion engines to fall from 2025.
British media reported on Wednesday that Mauricio Pochettio is set to be named as manager of Chelsea.
Stadler faced allegations of helping conceal the fact that Audi's parent company, Volkswagen, installed software to rig emissions tests. The German auto industry giant admitted to the "dieselgate" scandal in 2015.
9 mins ago
The suspension of visa services is the latest tit-for-tat move following the murder of an Sikh activist in Canada. India's foreign ministry has confirmed the move.
15 mins ago
Zelenskyy's visit comes as many conservative Republicans are growing skeptical of US aid to Ukraine. Kyiv has been heavily reliant on weapons assistance from the West as it staves off Russia's invasion.
25 mins ago
In Northern Ghana, a social enterprise provides school kits and raincoats made from plastic waste. The all-women group is keeping children in school while helping the environment.
27 mins ago
The public began to demand answers as to why Sammy Larry has been bullying Mohbad. According to the artist's close friends, it was not the first time. It was reported that Naira Marley, Zinolesky and Sam Larry moved out of the country immediately after Mohbad's death, drawing suspicion of foul play on his death.
4 hours ago
Protesters are demanding an end to fossil fuels as the UN warned that its 2015 sustainable development goals were not going to be met. The march comes just ahead of the UN General Assembly.