Monday, 7 July 2025

Focus on Volkswagen Group

FILE PHOTO: Cars are seen parked at the port in Bayonne, New Jersey, U.S., August 21, 2021. REUTERS/Andrew Kelly/File Photo
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European automakers most at risk from US dockworkers strike, analysts say

European automakers face the biggest impact from U.S. East Coast port strikes, risking supply chain disruptions.

FILE PHOTO: Visitors stand at the booth of Volkswagen's truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo
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Volkswagen’s electric truck unit Traton plans to increase profitability by 2029

Volkswagen's Traton aims to boost electric truck sales, grow revenue by 20-40 per cent, and repay debt over the next five years.

A Stellantis assembly worker walks between two 2021 Jeep Grand Cherokee L vehicles on the assembly line at the Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo
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European autos stocks wipe off $10 billion after Stellantis warning

European auto stocks dropped four per cent as Stellantis, Volkswagen, and Aston Martin warnings highlight earnings and demand woes.

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
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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: Stellantis-backed joint venture Leamotor International showcases Leapmotor C10 SUV in Malpensa, Italy, as it opens order for the model in Europe, September 24, 2024. REUTERS/Giulio Piovaccari/File Photo
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Analysis: Stellantis CEO follows Chinese route to avoid EV tariff ‘trap’

By Nick Carey, Nora Eckert and Joseph White LONDON/DETROIT (Reuters) – Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite...

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
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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.

AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceLabourManufacturingRegulationsTrade

High costs, slowing China: Volkswagen’s perilous road ahead

Volkswagen faces high costs, China competition, and a troubled EV transition, as tense pay talks with unions begin.

FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm./File Photo
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Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.

A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly/File Photo
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White House touts $1bn fund to help auto suppliers retool for EVs

Investment firm Monroe Capital LLC said it plans to launch a fresh fund of up to $1 billion to provide loans for smaller...

FILE PHOTO: People walk past an ID. Store X showroom of SAIC Volkswagen in Chengdu, Sichuan province, China January 10, 2021. REUTERS/Yilei Sun/File Photo
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SAIC Volkswagen says adjusting plant base “necessary”

Planned production cuts at the partnership's Nanjing plant are "normal and necessary" business decisions, they say.

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