Tennessee Volkswagen workers reject unionization
Factory workers at a Volkswagen plant in Tennessee have voted against unionizing. The vote dealt a blow to UAW efforts to gain a foothold among foreign auto facilities in the southern part of the United States.
Volkswagen is ‘Tremendously Undervalued’ as a company, says CFO
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.
Twilight of combustion engine comes for Germany
We may be witnessing the end of the internal combustion engine. As more and more consumers and investors make the shift to electric vehicles, will Germany’s auto makers be able to adapt in time? BMW and Volkswagen are among those actively looking to expand their offering of electric vehicles.
Volkswagen announces up to 7,000 job cuts
Despite high profits in 2018, Volkswagen has announced heavy job cuts. The company has said it would reinvest the money into developing electric vehicles.
Volkswagen to invest $800 million to build new electric vehicle in US
VW is to build a new electric vehicle at its plant in the US city of Chattanooga, expecting to sell a million of them by 2025. The German giant is also moving closer to announcing its partnership with Ford.
Volkswagen finds 'anomalies' in diesel software update
German carmaker Volkswagen said they "promptly" informed German authorities after discovering abnormalities in the new emissions software. The firm is still paying billions over the 2015 emissions cheating scandal.
Volkswagen opens first car assembly plant in Rwanda
Volkswagen, in partnership with authorized seller CFAO, and the Rwandan government marked history today, opening the first car assembly plant in Rwanda, with a capacity to produce up to 5,000 cars.
Audi CEO Stadler arrested in diesel-cheating Probe
Audi CEO Rupert Stadler was taken into custody in Munich as part of the diesel-cheating scandal impacting the automaker and parent company Volkswagen.