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April 19, 2024: Volkswagen hourly workers overwhelmingly vote in favor of UAW representation to become the first unionized trans-national automotive plant in the South. The workers voted 2628 (73%) for the union, and 985 against (27%).
1954: Volkswagen assembly commenced by Martin and King Pty Ltd, Clayton. [43] 1957: Factory purchased by newly formed Volkswagen (Australasia) Pty Ltd, which is 51% owned by Volkswagen Germany. [44] 1959: An adjoining property is purchased to be the new VW administration headquarters, central parts warehouse and engine assembly shop.
The Passat Pro sedan for the Chinese market was released in September 2024. It is based on the same platform as the B9 Magotan, and produced by the SAIC Volkswagen joint venture. [ 18 ] Compared to the Magotan, the Passat Pro features a different front fascia that is borrowed from the Passat Estate and is 16 mm (1.6 cm) shorter in length.
In Zwickau, Volkswagen plowed more than $1.3 billion over the past five years into turning its combustion-engine factory into the company’s first pure-EV production facility—a top-to-bottom ...
Volkswagen now expects a profit margin of around 5.6% in 2024, down from 6.5-7% previously and below the 6.5% LSEG estimate, while sales are expected to fall by 0.7% to 320 billion euros ($356.7 ...
Latest setback for Volkswagen came on 21 November 2024, when Swedish battery producer Northvolt filed for bankruptcy, Volkswagen previously invested 1.4 billion euros in their failed business. [78] On 27 November 2024, Volkswagen announced sale of its Xinijang factory in China partly because "demand for combustion engine vehicles is going down ...
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