Search results
Results from the WOW.Com Content Network
The Volkswagen development pavilion is the largest in ground area of all pavilions at Autostadt. The pavilion is circular in shape and has two floors which display all models in the Volkswagen range plus a shop of Volkswagen articles of clothing, die cast models and vehicle accessories which is located on the top floor.
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany.Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst.
On 5 July 2012, Volkswagen AG announced a deal with Porsche resulting in VW's full ownership of Porsche on 1 August 2012. The deal was classified as a restructuring rather than a takeover due to the transfer of a single share as part of the deal. Volkswagen AG paid Porsche shareholders $5.61 billion for the remaining 50.1% it did not own. [15] [16]
Volkswagen struggles with German cuts. Volkswagen is seeking to trim costs in its domestic market, which contains by far the group’s biggest employee base, numbering nearly 300,000 at the end of ...
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.
Volkswagen has said it may need to close plants in Germany for the first time in its 87-year history. In October, it also said employee pay would need to be cut by 10% to make the company more ...
The Transparent Factory is a car factory and exhibition space in Dresden, Germany owned by German carmaker Volkswagen and designed by architect Gunter Henn. It originally opened in 2002, producing the Volkswagen Phaeton until 2016. As of 2017 it produced the electric version of the Golf, and since 2021 it has built ID3s.
Union boss tells workers that VW plans to shut three plants in Germany, as well as slash jobs and cut salaries in response to rising financial pressure.