Volkswagen
Volkswagen Mulls Closing German Factories in Historic Move to Cut Costs
September 03, 2024 – According to a report by Bloomberg, the Volkswagen Group is contemplating the closure of its German factories as a measure to further reduce expenses. The potential measures, outlined in a statement released on Monday, are targeted at Volkswagen’s primary passenger car brands as well as other group entities. Additionally, the company…
German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture
July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…
Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs
May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….
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