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Volkswagen plans to close at least three factories in Germany, ... the automaker is selling 500,000 fewer cars in Europe a year compared with pre-pandemic levels, the equivalent of around two car ...
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 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 (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 .
The Volkswagen Passat (B9) is a mid-size car / large family car manufactured by Volkswagen since 2023, replacing the Passat B8 model, and the B9 is the ninth-generation model in the Volkswagen Passat series. It is available strictly as a 5-door estate, mainly for the European market, marketed as Estate or Variant.
The Volkswagen Chattanooga Assembly Plant was inaugurated on May 24, 2011, and initially built the US-spec Volkswagen Passat and in 2017 started production of the Volkswagen Atlas. [ 11 ] With effective from 12 December 2024, Kjell Gruner is the new Chief Executive Officer of VWoA, taking the helm from Pablo Di Si who has stepped down from the ...
About 21.7 million new vehicles were sold in China last year, per the China Passenger Car Association figures, compared with about 15.6 million in the US and 10.5 million in Europe.
To address the issue, Volkswagen has proposed a 10 per cent pay cut for its 120,000 German employees and suggested closing three of its German plants. Workers’ representatives have voiced strong ...