Browsing Tag
Volkswagen AG
18 posts
Volkswagen profit collapses 99% as €8.7bn charges expose the cost of its EV transition
Volkswagen Group reported just €71 million in operating profit for the first nine months of 2026 after major impairment and restructuring charges. Strong electric vehicle orders in Europe provide an opportunity, but lower margins, weaker China sales and American tariffs are putting pressure on the group's transformation.
Audi commits $4bn to Georgia, but can its first U.S. factory reverse falling American sales?
Volkswagen-owned Audi plans its first American manufacturing plant at Georgia's Middle Georgia Megasite, targeting 4,500 jobs and annual capacity of 200,000 vehicles as tariffs, slowing sales and intensifying premium SUV competition reshape its North American strategy.
Could Porsche job cuts exceed 13,000 as China slump forces deeper restructuring?
Porsche could face roughly 4,100 additional job cuts beyond reductions already agreed through 2035 as Volkswagen pushes for deeper savings following a major profit warning, weaker China demand and another reassessment of the sports-car maker’s long-term earnings potential.
Volkswagen cuts 2026 margin to 1% as €10bn charges expose restructuring cost
Volkswagen has slashed its 2026 operating-margin forecast from 4%–5.5% to no more than 1% after identifying approximately €10 billion of special charges, including a €6 billion Porsche goodwill impairment and additional restructuring costs across Germany and China.
Volkswagen’s SEAT dilemma shows how quickly CUPRA has changed the economics of its Spanish business
Volkswagen is reviewing SEAT’s future beyond the current product cycle as faster-growing CUPRA receives increasing strategic attention, exposing how electrification costs and Chinese competition are forcing Europe’s largest automaker to decide which brands still justify billions of euros of investment.
XPeng wants to sell AI car technology to global automakers after Volkswagen validates the model
XPeng is seeking additional international customers for its electrical architecture, cockpit software, Turing artificial-intelligence chips and driver-assistance technology after its Volkswagen partnership helped demonstrate that intellectual property could become a high-margin revenue stream alongside electric-vehicle sales.
Volkswagen is done building cars at Osnabrück. Why could air defence save 1,400 jobs?
Volkswagen plans to sell its Osnabrück factory to Aurelius Capital and Lower Saxony before converting the site from car production into a security and defence manufacturing hub anchored by Rafael Advanced Defense Systems.
Volkswagen’s first 35,000 job cuts may not be enough. What is Oliver Blume trying to fix?
Volkswagen Group is preparing for a critical supervisory board confrontation over a restructuring that could go far beyond the 35,000 German job reductions already agreed, as vehicle sales fall, China competition intensifies and first-half operating profit drops 11.6%.
Why Volkswagen’s 50,000-job plan may not be enough as Oliver Blume pushes deeper cuts
Volkswagen Group is considering deeper workforce reductions, possible plant closures and business carve-outs as Oliver Blume argues that existing savings measures are insufficient to restore competitiveness, putting four major German manufacturing sites under mounting pressure ahead of a crucial September 4 supervisory board meeting.
Lamborghini unveils $741,172 Revuelto SV as Volkswagen leans on luxury profit engine
Lamborghini's $741,172 Revuelto SV extends the V12 hybrid franchise as H1 profit fell 8.4%, US registrations sank and Ferrari widened its lead over Sant'Agata.