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Published on Sep 29, 2024Source: DNA India - Right-wing
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Published on Sep 28, 2024
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
Volkswagen AG cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job cuts and unprecedented plant closures. The manufacturer said Friday …
Source: Fortune - Neutral -
Published on Sep 28, 2024
Crisis-hit German auto giant Volkswagen cuts forecasts
One of Germany's best-known firms, Volkswagen shocked employees at the start of this month when it said that it needed to urgently restructure, including possibly shuttering plants at home and implementing deep job cuts. The carmaker, which has some …
Source: The Local - Germany - Neutral -
Published on Sep 28, 2024
Why Volkswagen wants to close its factories in Germany
Volkswagen (henceforth, VW) scrapped a decades-old agreement that protected workers from layoffs earlier this month. This was just days after the company announced it would consider closing factories in Germany for the first time in its 87-year history. …
Source: The Indian Express - Center-left -
Published on Sep 28, 2024
Volkswagen Cuts Profit Forecast Again Amid Sliding Car Demand
Money & BusinessMotorsWorld 39 mins ago 2 minute read Volkswagen AG lowered its profitability forecast for the second time this year due to sliding passenger vehicle demand, highlighting the bumpy transition to electric vehicles. Additionally, Germany’ …
Source: Gulf Insider - Neutral -
Published on Sep 28, 2024
Volkswagen slashes 2024 outlook as car demand weakens, cites market challenges, tough labour talks
Volkswagen now expects profit margin of around 5.6 per cent Outlook cut comes amid tough pay talks with unions BMW, Mercedes-Benz also slashed outlooks in September FRANKFURT, Sept 28 — Volkswagen cut its annual outlook for the second time in less than …
Source: Malay Mail - Neutral -
Published on Sep 27, 2024
What Does GTI Stand For On Volkswagen?
For the ordinary driver, it can be quite confusing to keep track of the endless acronyms car manufacturers love to throw at you. Sometimes, a lot of us don't bother to know what they mean, especially when they don't really change how you drive your …
Source: SlashGear - Label Pending -
Published on Sep 5, 2024
An Unpleasant First—Volkswagen Looks into Factory Closures
Rumors of Volkswagen’s factory closure plans at its heartland, Germany, have shocked the automotive industry. Senior executives have begun discussion on VW Germany plant closures as a way to recapture resources and tackle the tough competition it faces …
Source: The HR Digest - Neutral -
Published on 08:41 GMT
Can prioritizing China reverse the ailing fortunes of luxury car giants BBA?
BMW’s exit from the price war in July set the tone for its recent struggles. In August, the automaker’s sales in China plummeted to just 39,000 units, a 42% drop compared to the previous year. It marked BMW’s lowest sales figure in nearly two years. While …
Source: KrASIA - Neutral -
Published on 08:03 GMT
A silver lining on the horizon for Germany
The German economy is unraveling under the weight of failed policies, but with fresh leadership, there may still be a path to recovery. Germany is stuck, but the CDU may still find a way to steer it back on course if it returns to its former values. © GIS …
Source: Geopolitical Intelligence Services - Neutral