Volkswagen AG Unsponsored ADR (VWAGY)
VW union calls for Dec 1 strikes as wage talks stutter
Volkswagen's union said it would recommend its members go on strike from Dec. 1 as talks over wages and factory closures with the carmaker's management failed to achieve a breakthrough on Thursday.
Volkswagen enters third round of wage talks as strike action looms
Volkswagen management and worker representatives begin a third round of wage negotiations on Thursday, with just ten days left to find a solution before unions have threatened to escalate the fight with strikes across German sites.
IG Metall threatens historic labour battle if VW insists on plant closures
Workers are prepared to make concessions worth 1.5 billion euros ($1.58 billion) in ongoing negotiations with Volkswagen over cost cuts, warning of a far-reaching conflict if the carmaker insists on plant closures.
VW plans for factory closures cross several red lines, works council chief says
Volkswagen is planning to shut factories in every scenario presented to labour representatives, putting both factions on collision course in a dispute over pay and jobs, and raising the spectre of strikes.
Exclusive: In high-wage Germany, VW's labour costs outstrip the competition
As Volkswagen and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data reviewed by Reuters show that the automaker spends a higher proportion of sales on labour costs than major rivals.
VW taps former Rivian exec to run US business
Volkswagen of America has a new CEO: Rivian's recently departed chief commercial officer Kjell Gruner.
Volkswagen appoints former Rivian executive as head of American business
Volkswagen appointed former Rivian executive Kjell Gruner as head of its American business Tuesday, as the automaker faces a choppy electric transition and ongoing negotiations with the United Auto Workers union in the region.
Rivian Shares Surge as Volkswagen Increases Its Potential Investment. Is It Too Late to Buy the Stock?
Rivian Shares Surge as Volkswagen Increases Its Potential Investment. Is It Too Late to Buy the Stock?
Rivian-Volkswagen Deal Strengthens Finances, Yet EV Market Risks Remain: Goldman Sachs
Goldman Sachs analyst Mark Delaney maintained a neutral rating on Rivian Automotive Inc. RIVN and raised the price target from $10 to $12.
Volkswagen: the end of a German industrial myth?
In late October 2024, Volkswagen's works council announced that the group's management was considering closing three factories in Germany, which would lead to the loss of tens of thousands of jobs, as well as a general reduction in salaries. On October 30, the group announced a 63.7% fall in third-quarter net profit.
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Rivian risks helping direct competitor with Volkswagen joint venture - analyst
Rivian Automotive Inc (NASDAQ:RIVN)'s expanded joint venture with Volkswagen will see a further $800 million pumped into the Tesla Inc (NASDAQ:TSLA) rival, but analysts at UBS have voiced concerns that Rivian “is helping a direct competitor” with the tie-up. While the $5.8 billion total funding injection will provide a substantial safety net for loss-making Rivian's finances, the electric vehicle manufacturer's technology-sharing agreements with VW will need to be prudely managed.
