Tag: Volkswagen
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Volkswagen in talks with Chinese partner on Spanish battery plant, trade outlet reports
BERLIN, July 27 : Volkswagen and its partner Gotion are in advanced talks about a possible stake for the Chinese company in the German carmaker’s battery plant in Valencia, Spanish trade publication La Tribuna de Automocion reported on Monday.The process has involved high-level visits from the Chinese battery
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Volkswagen in takeover talks with Chinese partner on Spanish battery plant, trade outlet reports
BERLIN, July 27 : Volkswagen and its Chinese partner Gotion are in advanced talks regarding a takeover of Volkswagen’s battery plant in Valencia, Spanish trade publication La Tribuna de Automoción reported on Monday.The process has involved high-level visits from the Chinese battery manufacturer’s CEO to eva
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Volkswagen profit plunges as carmaker weighs mass job cuts
FRANKFURT: Volkswagen said Friday (Jul 24) that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China.Net profit for the three months to the end of June came in at 1.54 billion euros (US$1.75 b
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Volkswagen planning to cut up to 100,000 jobs globally
The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.
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Porsche to bring Cayenne back to Leipzig – but only with pay cuts?
The Cayenne is set to return to Germany. But the planned move of production to Leipzig apparently comes at a high price: staff are expected to give up part of their pay. #EuropeNews
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Crisis deepens: VW reportedly planning to cut up to 100,000 jobs
Volkswagen is reportedly preparing the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, twice as many as thought, and four German plants may close.
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