Volkswagen plans a long-term supply deal with U.S. chip designer Qualcomm to deliver infotainment technology for the German carmaker's new software platform.
Volkswagen is recalling 356,649 vehicles in the U.S. due to a software error that can lead to problems displaying the rearview camera image, the U.S. National Highway Traffic Safety Administration said on Tuesday.
The German carmaker is pausing ID. Buzz imports for a year following a sharp decline in U.S. EV sales.
Volkswagen's Chief Executive Oliver Blume pledged continued cost cutting at Europe's largest carmaker on Thursday, as the company seeks to remain competitive amid industry-wide challenges.
Volkswagen shuts its Dresden plant after 88 years as tariffs, weak EV demand, and high costs take a toll, with the site set to become a future innovation hub.
Volkswagen is making progress with its cost-cutting drive, the head of the German carmaker's core brands said in a media interview on Thursday, pointing to headcount reductions and savings at the group's plants in Germany.
Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe's top automakers faces a major crisis in its two key markets, China and the United States.
Volkswagen made a 1.3-billion-euro ($1.52 billion) operating loss in the third quarter, hit by billions of euros in costs from U.S. tariffs and a costly strategy reversal on electric vehicles at its subsidiary Porsche , the company said on Thursday.
Workers at a Volkswagen plant in Tennessee voted to authorize a strike, the United Auto Workers union said Wednesday evening, paving the way for a potential walkout at the Chattanooga facility.
Porsche SE , Volkswagen's biggest shareholder, is considering investing in the carmaker's Everllence diesel engine division that has been put up for sale, the Financial Times reported, citing people familiar with the matter.
Production at Volkswagen's main plant will proceed as planned next work week despite the risk of microchip shortages from a China-Netherlands stand-off over car industry contractor Nexperia, a person familiar with the matter told Reuters on Thursday.
Volkswagen is preparing to suspend production of major models, including the Golf at its Wolfsburg plant, due to shortages in semiconductor supplies, Bild reported on Tuesday, citing sources in the supplier industry.