For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.
Volkswagen on Tuesday warned against the "harmful economic impact" of tariffs that U.S. President Donald Trump is proposing on imports from Mexico, where Europe's top carmaker operates a major factory.
The Volkswagen Group has raised alarms over U.S. President Donald Trump’s proposed tariffs on Mexican imports.
Volkswagen has sweetened its offer to the United Auto Workers to include key cost-of-living increases for the company's Chattanooga plant employees.
Volkswagen's chief financial officer said in comments to investors seen by Reuters on Wednesday that the next step to making its German plants competitive was to improve productivity, increasing the number of cars produced per worker.
"The Volkswagen Group is concerned about the harmful economic impact that proposed tariffs by the U.S. administration will have on American consumers and international automotive industry," a Volkswagen spokesperson said in an emailed statement to Reuters.
Volkswagen is discontinuing manual transmissions for the GTI and Golf R, despite a notable spike in demand from U.S. enthusiasts.
Rivian's recent delivery and production numbers exceeded expectations, driven by a crucial partnership with Volkswagen. Read why I rate RIVN stock a Hold now.
The ailing German brand, facing plant closures at home and declining sales of its once vaunted EVs, hopes the ID. Buzz can revitalize consumer interest.
Volkswagen amended its previously announced offer to UAW employees at its Chattanooga, Tennessee plant to include profit sharing, cost of living adjustments (COLA) and a 25% raise over five years after recent pay boosts.
(Reuters) - The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.
The family is suing the automaker because they told police the free GPS trial had expired and that $150 was needed to help locate the car.