Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the "medium term", according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.
For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.
Volkswagen is now in ongoing negotiations with the United Auto Workers (UAW) to finalize a first contract aimed at enhancing jobs at its Chattanooga plant.The
The Volkswagen Group has raised alarms over U.S. President Donald Trump’s proposed tariffs on Mexican imports.
CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.
Volkswagen is discontinuing manual transmissions for the GTI and Golf R, despite a notable spike in demand from U.S. enthusiasts.
"The Volkswagen Group is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers and international automotive industry," a Volkswagen spokesperson said in an emailed statement to Reuters.
The ailing German brand, facing plant closures at home and declining sales of its once vaunted EVs, hopes the ID. Buzz can revitalize consumer interest.
Volkswagen has sweetened its offer to the United Auto Workers to include key cost-of-living increases for the company's Chattanooga plant employees.
The family is suing the automaker because they told police the free GPS trial had expired and that $150 was needed to help locate the car.
Lithium project developer Patriot Battery Metals has completed a private placement, raising C$69-million through a strategic investment from Volkswagen . The investment gives the German automotive giant a 9.
£30,995 for the most spartan of specifications available for 2025 excludes both the value-added tax and the on-the-road costs