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Christina Amann

FILE PHOTO: A view of a sign near the Northvolt factory in Skelleftea, Sweden August 8, 2024.   TT News Agency/Magnus Lejhall/via REUTERS/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

Northvolt asks shareholders for $1.3 billion for next two years, sources say

By Marie Mannes, Christina Amann and Emma-Victoria Farr STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide...

FILE PHOTO: Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, December 17, 2024. REUTERS/Fabian Bimmer/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)Manufacturing

Analysis: Volkswagen seeks new era in Germany with old methods

Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation.

FILE PHOTO: A view of the plant of German carmaker Volkswagen in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPolitics

Volkswagen looks forward to working with U.S. gov’t amid tariff concerns, spokesperson says

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned against the “harmful economic impact” of tariffs that U.S. President Donald...

FILE PHOTO: VW employees attend an IG Metall union rally in front of Volkswagen headquarters, during a warning strike at the main factory of Germany's carmaker in Wolfsburg, December 9, 2024. Banner reads, "That's enough - We are ready to strike". Martin Meissner/Pool via REUTERS/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLabourManufacturingNews

Marathon VW talks to resume in search for pre-Christmas deal with unions

Volkswagen and unions are in crunch talks over German operations cuts, aiming to avoid major strikes before Christmas.

FILE PHOTO: Northvolt facility in Vasteras, Sweden, September 29, 2021. REUTERS/Helena Soderpalm/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Volkswagen has taken major writedown on Northvolt stake, sources say

Volkswagen has written down its 21 per cent Northvolt stake amid the Swedish battery maker's bankruptcy filing, reflecting EV market struggles.

Workers of Europe's largest carmaker Volkswagen AG gather during a briefing of the Works Council about VW's plans to close down three plants and lay off thousands of employees at the VW headquarters in Wolfsburg, Germany, October 28, 2024. Julian Stratenschulte/Pool via REUTERS/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)LabourNews

VW union proposes $1.6 billion of cuts, but no plant closures

Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.

Daniela Cavallo, Chairwoman of the General and Group Works Council of Volkswagen AG, speaks to employees announcing job cuts and closure of a few Volkswagen factories, at the company's headquarters in Wolfsburg, Germany, October 28, 2024. REUTERS/Axel Schmidt
AutomotiveBusinessManufacturingNewsPolitics

Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures

Volkswagen to close three German factories and lay off thousands, increasing pressure on the government amid economic woes.

FILE PHOTO: Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo
AutomotiveBusinessCritical MineralsElectric Vehicles (EVs)FinanceManufacturingMiningNews

Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding

Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.

FILE PHOTO: A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceManufacturingNewsTrade

Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment

Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.

FILE PHOTO: A vehicle drives near the Baunatal Volkswagen site, the day when Volkswagen's works council holds a regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Baunatal, Germany, September 4, 2024. REUTERS/Timm Reichert/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTrade

China, price cuts and costs: The fuel driving Volkswagen’s crisis

Volkswagen warns of accelerating competition from China, cutting its cost-cutting timeline and considering plant closures.

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