Volkswagen

Volkswagen Faces Major Strikes as Workers Protest Across Germany

Volkswagen is grappling with significant industrial action as tens of thousands of employees stage strikes at its facilities across Germany. These protests, the largest at the automaker’s domestic operations since 2018, began on Monday and are expected to last several hours. The strikes follow protracted collective bargaining talks, during which Volkswagen declined to rule out…

Volkswagen

Volkswagen Exits Xinjiang Plant Citing Economic Challenges

Volkswagen has sold its plant in Xinjiang, China, attributing the decision to economic factors. The plant, situated in a region at the heart of international human rights controversies, had shifted from producing combustion engine vehicles in 2019 to operating as a distribution hub. “There is no business case for the plant,” a company spokesperson stated,…

Volkswagen

Volkswagen and Tesla Rival Rivian Announce $5.8bn Joint Venture to Boost EV Development

Volkswagen Group (VW) has increased its investment in a strategic partnership with electric vehicle (EV) maker Rivian, launching a joint venture worth $5.8 billion. This new deal, which builds on an initial commitment of $5 billion from VW, is expected to bolster both companies’ position in the growing EV market, particularly amid intensifying global competition…

Volkswagen Group headquarters in Wolfsburg, Germany

Volkswagen Considers Closing German Factories Amidst Intensified Competition

Volkswagen is contemplating the unprecedented step of shutting down its factories in Germany, marking a potential historic first for the 87-year-old automaker. The decision comes as part of a broader strategy to cut costs in response to growing competition from Chinese electric vehicle manufacturers. In a statement released Monday, Volkswagen, one of the world’s largest…

Volkswagen

Volkswagen Recalls Over 271,000 SUVs Due to Faulty Airbags

Volkswagen has issued a recall for 271,330 Atlas and Atlas Cross Sport SUVs due to a defect in the passenger-side airbags. According to the U.S. National Highway Traffic Safety Administration (NHTSA), this defect stems from a wiring error that could prevent the airbags from deploying in a crash. The recall affects Atlas models manufactured between…

Volkswagen

Volkswagen Recalls 260,000 Compact Cars Over Fire Risk

Volkswagen has issued a recall for over 260,000 compact cars in the United States due to a potential fire risk associated with a pump located inside the gas tank. The affected vehicles include various models such as Volkswagen Golf, Golf GTI, Golf Sportwagen, Jetta, and Audi A3s spanning from the model years 2015 through 2020….

Volkswagen factory

Volkswagen Struggles to Keep Pace in the Electric Car Race, Losing Ground to Tesla and Chinese Competitors

Volkswagen, once poised to lead the electric vehicle (EV) market, is facing significant challenges as it falls behind Tesla and emerging Chinese competitors. Initial ambitions to become the top manufacturer of battery-powered vehicles by the mid-2020s have not materialized, with the Volkswagen Group, including Audi and Porsche, selling less than half of Tesla’s 1.31 million…

VW ID. Buzz

Volkswagen Reboots its Groovy 60s-Era VW Bus – This Time it’s Faster, Roomier and Electric

It appears that there is a growing demand for car seats in the United States. In response, Volkswagen introduced the ID. Buzz, an electric van with a retro design, last year, and mentioned that the North American version would be longer and feature three rows of seats. Now, the North American edition of the ID….

Herbert Diess

Volkswagen CEO Diess is Stepping Down in Surprise Move

Volkswagen’s CEO, Herbert Diess is leaving his post in a surprise move, effective September 1, as reported by the BBC, According to the company, Diess will be replaced by Oliver Blume, the Head of Volkswagen (VLKAF)’s Porsche performance car division. Volkswagen, the world’s second largest automaker, did not provide a reason for Diess’ exit. However,…