Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen to reduce workforce by 19,000 by end of year, CEO says
Volkswagen is pressing ahead with sweeping job cuts and cost reductions in Germany as planned, shrinking its workforce by 19,000 by the end of the year, CEO Oliver Blume is set to tell investors at the upcoming AGM.
Volkswagen Reaffirms ESG Targets, Bets on Circular Economy to Cut Costs
Volkswagen ETR: VOW3 reaffirmed its sustainability targets and outlined new circular economy initiatives during its eighth sustainability conference, with executives saying ESG remains embedded in the company's broader strategy despite a more difficult economic backdrop.
Will Volkswagen's Massive ‘Made for China' Bet Pay Off?
The automaker has spent big developing cars “in China, for China.” Now it has to convince local drivers to buy them.
Volkswagen flags Chinese competition in Brazil, sees limited Iran impact
Volkswagen is concerned about declining resale values of its vehicles as lower-priced Chinese competitors expand in the Brazilian market, the company's head in Brazil, Ciro Possobom, told Reuters on Monday.
Chinese EV startup Xpeng in talks with Volkswagen to buy European factory, FT reports
Chinese electric vehicle startup Xpeng is in talks with Volkswagen and other automakers about buying a factory in Europe, the Financial Times reported on Wednesday.
Market listing an option for VW's US Scout brand, CEO tells paper
Volkswagen's U.S. brand Scout was designed from the start to pursue a potential stock market listing or to allow strategic investors to take a stake, its CEO Scott Keogh told daily Handelsblatt, as it explores new funding options.
Volkswagen becomes Rivian's top shareholder, displacing Amazon
Volkswagen has pushed Amazon out of the top spot to become Rivian's largest shareholder, new filings with the U.S. Securities and Exchange Commission show.
Volkswagen Q1 profit falls 14% amid tariffs, China slowdown
Volkswagen reported a sharp decline in first-quarter earnings, as tariff pressures, geopolitical tensions and rising competition impacted performance. Europe's largest carmaker posted an operating profit of 2.5 billion euros ($2.9 billion) for the first three months of the year.
Volkswagen to Accelerate Turnaround Plans as Challenges Mount
Volkswagen reported a 2.5% drop in revenue in the first quarter.
Auto giant Volkswagen posts 14% drop in first-quarter profit, missing analyst expectations
The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.
VW cuts 2030 China sales target, executive tells Handelsblatt
Volkswagen has lowered its mid-term sales volume goal for China, the company's China chief Ralf Brandstaetter was quoted as saying by Handelsblatt on Thursday.
Volkswagen selects next-round bidders for Everllence unit, Bloomberg News reports
Volkswagen AG has selected bidders for the next round of bidding for its heavy diesel engine unit Everllence, Bloomberg News reported on Wednesday, citing people familiar with the matter.
