Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen and Xpeng to build super-fast charging network in China for EVs
Volkswagen and Xpeng will open their respective super-fast charging networks to each others' customer in China as part of a memorandum of understanding. The two firms will explore cooperation on co-branded super-fast charging stations, the companies said.
Xpeng, Volkswagen to build ultra-fast charging network in China
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 leak exposed precise location data on thousands of vehicles across Europe for months
Volkswagen Group's troubled automotive software unit Cariad left terabytes of customer data on around 800,000 electric Audi, Seat, Skoda, and Volkswagen vehicles exposed to the internet for months, reports Der Spiegel [in German], citing security researchers who learned about the data spill from an unnamed whistleblower.
Volkswagen shares fall as markets struggles to digest unions deal
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.
VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports
A reduction in managers' bonuses at Volkswagen will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production.
VW, union agree to cut 35,000 jobs in Germany, avert strikes
Volkswagen announced sweeping changes to its German operations, including more than 35,000 future job cuts and capacity reductions in a last-gasp deal between Europe's top carmaker and unions on Friday to avert mass strikes.
The main points of Volkswagen's deal with unions on German sites and jobs
Here are the main points of a deal struck on Friday between Volkswagen and unions on the carmaker's German sites and jobs. The agreement followed more than 70 hours of talks and averted the spectre of strikes at Europe's largest carmaker.
Volkswagen to cut more than 35,000 jobs in Germany by 2030
Volkswagen on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.65 billion) in efficiency gains.
More than 10,000 jobs to be cut at VW in next years, says Manager Magazin
Volkswagen plans to cut more than 10,000 jobs in the next few years as part of an agreement with unions over the future of the German brand, manager magazin reported, not citing where it obtained the information.
VW and works council reach provisional deal, Handelsblatt reports
Volkswagen and its works council reached a provisional deal on cost-cutting measures that still requires further scrutiny and agreement from both sides, Handelsblatt reported on Friday, citing people familiar with the proceedings.
Rapprochement between Volkswagen and union in wage talks, sources say
There has been rapprochement between Volkswagen and the IG Metall union during the longest-ever talks over pay and job security, sources close to the negotiations told Reuters on Friday, without providing further details.
Volkswagen Invests CAD69M in Patriot to Acquire 9.9% Stake
VWAGY and its subsidiary, PowerCo, enter into a strategic partnership with Patriot to invest CAD69 million in the Canadian lithium developer to acquire a 9.9% stake.
