Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports
Volkswagen and its Chinese joint venture partner SAIC plan to close at least one plant in China due to slow demand for combustion engine cars, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Volkswagen AG Is A Too-Big-To-Fail German Mess That Likely Will Be Fixed
Volkswagen faces a crisis, with management warning of potential challenges within two years due to declining sales and market competition. The company plans to cut spending, adjust output, and possibly close plants, risking labor disputes and political backlash. VW's investment in Rivian aims to bolster its struggling software and electrification efforts, indicating a willingness to take bold steps.
Volkswagen's Audi looks for investor for Brussels plant
Volkswagen's Audi is looking for an investor for its struggling Brussels plant, the premium brand's production director Gerd Walker said on Tuesday.
Stellantis working hard to avoid Volkswagen plant-closing scenario, CEO says
Stellantis has already taken measures and is working hard to avoid the risk of plant closures, as recently announced by rival Volkswagen , the carmaker's CEO Carlos Tavares said on Tuesday.
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Volkswagen (VWAGY) may be set to slash at least 15,000 jobs, in an effort to cut costs as it battles against stiff competition.
Volkswagen may book 3-4 bln eur in provisions on capacity cuts, Jefferies says
Volkswagen may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker's management.
Volkswagen share price sits at a make-or-break level
The Volkswagen share price has been in a freefall in the past few weeks as the company's woes continue. The stock dropped to a low of €87.90 this week, its lowest swing since November 2020, and down by 50% from its highest point in 2022.
Volkswagen, IG Metall union to start talks about new labour deal a month early
Volkswagen and union IG Metall will start talks at the end of September over a new labour agreement for six of its German plants that would replace a crucial job security scheme cancelled by the carmaker earlier this week.
Why Volkswagen's Era Might Be Coming To An End
Volkswagen's stock has declined 17% since my initial "Sell" rating, underperforming the broader market by 38%. VW's falling sales in China, rising competition from Chinese EV automakers, and reduced demand are reasons for concern. Volkswagen's complex shareholder structure and political involvement hinder streamlined decision-making.
Volkswagen scraps a slew of labor agreements as standoff with unions intensifies
German automotive giant Volkswagen on Tuesday said it was scrapping a slew of labor agreements. "The company sees itself forced to do so because of the current economic challenges," Volkswagen said in a statement translated by CNBC.
Volkswagen EV Collapse a Warning to Ford
24/7 Wall St. Insights Volkswagen abandoned its electric vehicle (EV) plans and warned of plant closures in its home market.
Volkswagen to recall nearly 99,000 EVs in US over door handle issues
The U.S. National Highway Traffic Safety Administration said on Tuesday that Volkswagen would recall 98,806 electric SUVs to fix their door handles as they do not offer enough protection against water ingress.
