Tuesday, 8 April 2025

Focus on Volkswagen Group

Baard Gundersen at the wheel of his electric BMW iX in Baerum, Oslo (AFP)
AutomotiveElectric Vehicles (EVs)EmissionsNews

Norway speeds ahead of EU in race for fossil-free roads

Electric cars make up 96.4% of new car sales in Norway, which aims to be fossil fuel-free by next year.

Skoda Auto cars are seen at the production line as the carmaker launches production of MEB battery systems in Mlada Boleslav, Czech Republic, May 17, 2022.  REUTERS/David W Cerny/File Photo
AutomotiveEconomyEmissionsLegislationNewsPoliticsRegulations

Czech Republic joining Italy to fight carmakers’ CO2 fines

Czech Republic will join Italy in seeking to prevent carmakers from facing penalties when tougher CO2 emission rules take effect in the EU.

FILE PHOTO: A person carries luggage near the Volkswagen power plant in Wolfsburg, Germany October 30, 2024. REUTERS/Axel Schmidt/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen CEO Blume calls cost-cutting vital to tackle "decades of structural issues" amid low EU demand, China profit drops.

Stakeholders attend the second round of collective bargaining negotiations between Volkswagen and the IG Metall union including Arne Meiswinkel, board member for human resources of Volkswagen Passenger Cars, Daniela Cavallo, chairwoman of the general and group works council of Volkswagen AG and Thorsten Groeger, Lower Saxony district manager of IG Metall and negotiator, in Wolfsburg, Germany October 30, 2024. REUTERS/Axel Schmidt
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceLabourManufacturingNews

Volkswagen calls for 10% pay cuts

Volkswagen wants its workforce to take pay cuts of 10 per cent in order to remain competitive and safeguard jobs.

FILE PHOTO: A new Renault Twingo electric car is unveiled during Renault Group capital market day for its new electric vehicle unit Ampere, in Paris, France, November 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

Nissan may partner with Renault on new small EV for Europe

Renault, Nissan discuss a joint EV version of Renault’s Twingo to debut in 2026 under 20,000 euros, aiming to compete with Chinese EVs.

Extra duties on imports of electric vehicles from China are due to enter into force on Thursday (AFP)
BusinessEconomyElectric Vehicles (EVs)LegislationNewsPoliticsRegulationsTrade

EU adopts extra tariffs of up to 35.3% on Chinese EVs

The EU will impose new tariffs on Chinese electric cars after a probe found unfair subsidies, risking trade tensions with Beijing.

FILE PHOTO: Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. REUTERS/Nick Carey/File Photo
BusinessElectric Vehicles (EVs)IndustryNewsRegulationsTrade

European car safety agency snubs BYD’s Atto 3 driver assistance system

MILAN — Europe’s car safety agency has issued a “not recommended” rating to the driver assistance system used in BYD’s Atto 3 EV,...

FILE PHOTO: FILE PHOTO: Cars are parked near the power station of the Volkswagen plant in Wolfsburg, Germany, September 4, 2024.    REUTERS/Stephane Nitschke/File Photo/File Photo
AnalysisBusinessElectric Vehicles (EVs)LabourManufacturingReports

German car industry transformation could cost 186,000 jobs by 2035, study finds

A study warns the German car industry could lose 186,000 jobs by 2035, with 46,000 already gone due to the EV transition.

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: A Volkswagen logo is seen at the 2024 Paris Auto Show in Paris, France, October 15, 2024. REUTERS/Benoit Tessier/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)LabourManufacturingNewsTrade

Volkswagen weighs wage cuts, bonus reductions in push to save four billion euros: report

Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10 per cent wage cut and a two-year wage...