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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 under the Nazi Party , it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst .
These included the Volkswagen Type 2 in 1950, the Volkswagen Karmann Ghia in 1955, the Volkswagen Type 3 in 1961, the Volkswagen Type 4 in 1968, and the Volkswagen Type 181 in 1969. In 1960, upon the flotation of part of the German federal government 's stake in the company on the German stock market, its name became Volkswagenwerk ...
The German Volkswagen Group is the largest automaker in the world as of 2015. As of 2019, it has 136 production plants, and employs around 670,000 people around the world who produce a daily output of over 26,600 motor vehicles and related major components, for sale in over 150 countries. [1]
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 ...
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 informed employee representatives that it wants to close at least three plants in Germany, the head of the company's works council said Monday. Employee council chief Daniela ...
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.
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 ...