Volkswagen AG Unsponsored ADR (VWAGY)
Nine Volkswagen plants to strike as labour battle escalates
Workers at nine Volkswagen car and component plants across Germany will strike for several hours on Monday, IG Metall union said, bringing assembly lines to a halt as labour and management clash over the future of the carmaker's German operations.
Volkswagen workers go out on warning strikes across Germany
Volkswagen workers will go on warning strikes on Monday at all plants, Germany's IG Metall union said, marking the first large-scale walkouts at Volkswagen's domestic operations since 2018.
Volkswagen brushes off union's cost savings proposals
Volkswagen , under pressure by high costs and Chinese competition, brushed off union proposals for cost savings on Friday, just days ahead of planned walkouts meant to avoid unprecedented plant closures.
Exclusive: Volkswagen India unit faces $1.4 billion tax evasion notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.
Volkswagen to sell controversial factory in China's Xinjiang
Volkswagen has faced major criticism from activists and investors over its interest in the Xinjiang factory which it first opened in 2013
Exclusive: VW to exit Xinjiang operation with sales of local plant, test track, sources say
Volkswagen will exit its controversial plant in China's Xinjiang region after it and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer, two people familiar with the matter said on Wednesday.
Volkswagen Reduces Stakes in Northvolt, Signs Contract With Novonix
VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite material.
Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now, the automaker's €1.4 billion stake is worth less than half that, according to Reuters.
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.
Volkswagen should quit US after chief's departure - analyst
Volkswagen Group (XETRA:VOW) has “little to gain” in continuing to sell flagship branded cars in the US after the departure of its chief executive there, Stifel analysts have argued. “VW should rethink its regional strategy,” Stifel said in a note in the wake of last week's news that Pablo Di Si would step down in favour of Kjell Gruner as the firm's US head.
VW brand boss: layoffs, plant closures needed to fix carmaker's problems
Volkswagen sees no chance of avoiding layoffs and plant closures in order to cut 4 billion euros ($4.2 billion) in costs, the brand's chief executive said in a newspaper interview, amid an escalating dispute with workers.
Volkswagen labour representatives vote for limited strikes from early December
Volkswagen labour representatives have voted for limited strikes from early December, according to a statement from regional IG Metall trade union on Friday.
