Tag: $Volkswagen

In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law.

 Porsche ​SE (PSHG_p.DE), announced increased investments in defence on Thursday after bearing the brunt of a drop in ‌2025 earnings at its core investments Volkswagen and Porsche AG (P911_p.DE).

Volkswagen (VOWG) reclaimed car sales dominance in China, the world’s largest auto market, in the first two months of 2026 when Toyota (7203) ​also regained ground, both overtaking local electric vehicle champion BYD (2594), ‌amid fading subsidies for greener cars.

Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition in China.

Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, bolstering its plans to sell off the shipping engines unit.

Volkswagen (VOWG), opens new tab plans to cut costs by 20% across all brands by the end of 2028, Manager Magazin reported on Monday, as the German automaker looks to shore up its finances to counter the impact of higher costs, a tough Chinese market and U.S. tariffs.

An expensive course correction at subsidiary Porsche (P911_p.DE), dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.5 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.

Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker’s first assessment of the damage from U.S. President Donald Trump’s trade war.

Chinese electric vehicle manufacturer Xpeng (NYSE:XPEV) is developing advanced chips for Volkswagen (ETR:VOWG_p) cars, according to the Financial Times on Thursday.

German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global car industry.

Volkswagen Group’s sales of battery-electric cars more than doubled in Europe in the first quarter but fell by over a third in China, data showed on Wednesday, in a sign of the automaker’s diverging fortunes in the electric car market.

Volkswagen Group is working with Valeo and Mobileye to upgrade the advanced driver assistance systems up to Level 2+ (“enhanced partially automated driving”) in its upcoming vehicle portfolio based on the MQB platform.

Volkswagen’s Audi luxury brand has announced it will cut thousands of jobs over the next few years, in the latest sign of trouble in Germany’s auto sector.

Volkswagen AG concluded 2024 with lower operating results but slightly increased sales revenue. The carmaker presented its plans to navigate the challenges coming from the US and China, but they haven’t factored in tariffs for 2025.

Volkswagen will recall 177,493 crossover SUVs in the United States over concerns related to a loose engine cover, the National Highway Traffic Safety Administration said on Friday.

Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.

The Volkswagen brand’s global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe’s top carmaker said on Thursday.

China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker’s cost-cutting deal with unions and likely headwinds in 2025.

The billionaire Porsche-Piëch family, Volkswagen’s majority owner, has taken a hardline stance in backing the company’s plans to close several German factories, as the threat of diminished dividends looms.