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Victoria Waldersee

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
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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.

FILE PHOTO: A general view of the power station of the Volkswagen plant, ahead of a Volkswagen's works council regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Wolfsburg, Germany, September 3, 2024. REUTERS/Fabian Bimmer/File Photo
AnalysisBusinessElectric Vehicles (EVs)In-DepthIndustryLabourManufacturingTransport

Volkswagen labour clash spotlights Europe’s car factory problem

Despite the challenges VW faces, a review shows the carmaker may fare better than its European rivals regarding underused plants.

FILE PHOTO: A staff member cleans the Geely Galaxy E8 electric vehicle at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

China’s Geely scouting locations for Europe plant

Geely is exploring locations for a potential EV plant in Europe but hasn't fully committed, with talks ongoing in Poland.

FILE PHOTO: A BYD Seal electric vehicle (EV) is displayed at a car dealership in Shanghai, China, February 3, 2023. REUTERS/Aly Song/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTradeTransport

China auto suppliers, EV makers flood major trade fair in Germany

To gain a foothold amid looming tariffs, Chinese EVs come to Germany to show off vehicles at trade fair.

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.

FILE PHOTO: A Porsche logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.  REUTERS/Pierre Albouy/File photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Porsche bids to restore output, tackle supply chain risks in second half

Porsche fighting to restore production volumes after months of supply chain snags, slow EV demand and a sales slump in China

FILE PHOTO: A Volkswagen ID. Buzz and a Volkswagen Beetle are seen during the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)FinanceNewsPoliticsTradeTransport

Volkswagen is reeling in China. Can EVs help it grow in the US?

The German automaker is planning 30 new electric or hybrid models in China in a bid to lift its market share to 15%. 

FILE PHOTO: The Audi Q8 Sportback e-tron electric sport utility vehicle (SUV) is unveiled during its launch in Mumbai, India, August 18, 2023. REUTERS/Francis Mascarenhas/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Volkswagen may close Brussels factory as low EV demand hits Audi

Volkswagen warned it may close the Brussels site of its luxury brand Audi due to a sharp drop in demand for high-end electric...

FILE PHOTO: Machines are seen on a battery tray assembly line during a tour at the opening of a Mercedes-Benz electric vehicle battery factory in Woodstock, Alabama, U.S., March 15, 2022. REUTERS/Elijah Nouvelage/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNewsTransport

Mercedes-Benz slows battery plans amid lower EV demand

Mercedes-Benz eCampus will develop new technologies for EV batteries and test them in bid to boost energy density.

FILE PHOTO: A technician works on the final inspection of an electric Volkswagen ID. 4 car model at the production plant of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietschel/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars

VW shares fell on Wednesday as investors worried about the cost and uncertainties of a joint venture with U.S. EV maker Rivian

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