Volkswagen Group
German automotive manufacturing conglomerate
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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technology 2025-07-06 13:00
Volkswagen's ID. Buzz aims to transform urban transportation with driverless technology - Volkswagen's ID. Buzz is designed from scratch for fleet operations, emphasizing autonomy.
- The vehicle includes 27 sensors for 360-degree navigation, targeting public transit and corporate clients.
- Volkswagen is establishing itself as a leader in the autonomous mobility sector with comprehensive solutions.
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business 2025-07-03 17:15
Volkswagen restores magic bus that survived wildfire devastation - A Volkswagen microbus owned by Megan Weinraub survived the Palisades Fire in January 2025.
- Volkswagen decided to restore the bus, finding more damage than initially visible, including melted plastic and a charred interior.
- The restoration symbolizes hope for many affected by the wildfire, with plans to have the bus back on the road by the end of the year.
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technology 2025-07-01 00:00
Uber and Volkswagen launch autonomous taxis prioritizing cyclist safety - Uber partnered with Volkswagen to introduce driverless ID Buzz taxis in Los Angeles.
- The vehicles are designed to ensure the safety of cyclists and pedestrians while navigating urban environments.
- This initiative showcases a significant advancement in autonomous mobility and sets a new standard in transportation safety.
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technology 2025-06-30 00:00
Workers demand a say on AI use in the workplace - The rise of generative AI has triggered concerns about job displacement and lack of transparency from employers.
- Unions and workers are advocating for safeguards and a role in shaping how AI is used in their workplaces.
- Collaboration between management and labor is essential for navigating the challenges and opportunities posed by AI technologies.
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business 2025-06-10 00:00
Volkswagen to slash production capacity and workforce in Germany - Volkswagen's group sales in China fell by 9.5% in the previous year.
- The automaker is restructuring operations, which includes reducing German production capacity and workforce.
- Volkswagen stock is estimated to be reasonably valued at around $10 per share, with a potential worth of $12.
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business 2025-05-30 00:00
Volkswagen announces massive US investment to counter Trump tariffs - Volkswagen plans to invest significantly in the United States to mitigate the impact of tariffs on imported cars.
- The Trump administration's tariffs, announced in April, are meant to protect American auto workers from unfair international competition.
- This investment reflects a strategic move by Volkswagen and is praised by the United Auto Workers for supporting American manufacturing.
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business 2025-04-30 00:00
Volkswagen profits plunge 37% amid tariff concerns - Volkswagen reported an operating profit of 2.9 billion euros for Q1 2025, down 37% year-on-year.
- Sales revenue increased to 77.6 billion euros, supported by a 29% rise in vehicle orders in Western Europe.
- The company's performance is under threat due to global economic volatility and U.S. tariff concerns.
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business 2025-04-13 21:23
Volkswagen recalls over 44,000 Audi vehicles due to speedometer failure - Volkswagen recalled 44,387 Audi vehicles due to software issues affecting the instrument panel.
- The recall involves several 2021 models, where the virtual cockpit may shut down, leading to loss of important display information.
- The recall emphasizes the need for vehicle safety and the necessity for manufacturers to quickly address such technological failures.
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military conflicts 2025-04-13 20:34
Volkswagen ignites in flames at Gatwick Airport car park - On April 13, 2025, a fire broke out at Gatwick Airport involving a stationary Volkswagen.
- Eyewitnesses described the scene as traumatic, with tires blowing out amid thick smoke and flames.
- The fire was extinguished by the airport Fire Service, and access to the North Terminal was subsequently restored.
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business 2025-04-10 14:30
Volkswagen reports drastic profit drop as it faces electric vehicle challenges - Volkswagen's operating profit fell by 40% in the first quarter of 2025.
- The company set aside over €1 billion for restructuring and potential fines.
- The decline reflects ongoing challenges in the electric vehicle market and competition, highlighting the need for strategic adaptation.
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business 2025-04-02 09:12
Car manufacturers fined for colluding to mislead on vehicle recycling - Fifteen car manufacturers, including major players like Volkswagen and Renault, were fined a total of 458 million Euro for participating in a cartel.
- The cartel, which lasted from 2002 to 2017, involved suppressing information regarding vehicle recyclability and limiting competition in the recycling market.
- This situation reflects the need for greater transparency and accountability among car manufacturers in their environmental claims.
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business 2025-03-26 00:00
VW ID. Buzz finally offers a 7-seater version for families - The seven-seater version of the VW ID. Buzz has been launched in the UK, addressing previous model limitations.
- This model features a long wheelbase, providing three seats in the second row and two in the third row with improved storage capacity.
- The launch of the seven-seater version highlights VW's focus on family needs and competition in the electric vehicle market.
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business 2025-03-22 00:00
Volkswagen struggles with profitability as EV transition slows - Volkswagen's operating profit dropped 15% in 2024, indicating challenges in its transition to electric vehicles.
- Moody's Ratings provided a mixed outlook on Volkswagen, affirming short-term issues while adjusting long-term assessments.
- Despite efforts to reduce costs and introduce new models, analysts warn that profitability in the EV market remains a complex issue.
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business 2025-03-18 12:15
Rheinmetall plans to produce military vehicles at Volkswagen plant - Rheinmetall AG is considering acquiring Volkswagen's Osnabrück plant for military vehicle production.
- The acquisition is influenced by significant growth forecasts in defense sales due to increased demands for military readiness.
- This potential partnership highlights a shift in Germany's focus on military spending and capabilities.
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business 2025-03-16 00:01
Volkswagen's currywurst sales soar to record levels - Volkswagen reported record sales of 8.5 million currywurst sausages last year.
- The currywurst originated in Germany in 1949 and is now a recognized part of the country's cuisine.
- The company’s commitment to this product demonstrates its innovative approach amid automotive industry challenges.
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business 2025-02-07 05:36
Scout Motors demands law change for direct vehicle sales in South Carolina - Scout Motors is investing billions in an electric SUV plant in Blythewood, South Carolina, aiming to create 4,000 jobs by 2027.
- Current state laws require all vehicles to be sold through dealerships, complicating the direct sales model Scout intends to implement.
- The company is advocating for changes to these laws to facilitate direct vehicle sales, aligning with modern consumer preferences.
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business 2025-01-03 21:18
Volkswagen must fix nearly 100,000 recalled ID.4 door handles immediately - Volkswagen is restarting sales of the ID.4 with competitive lease offers.
- Nearly 100,000 units of ID.4 have been recalled due to door handle issues.
- The automaker faces criticism regarding the ID.4's reliance on electronic systems.
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business 2025-01-03 21:18
Volkswagen recalls ID.4 as dealers finally begin door handle repairs - In September 2023, Volkswagen recalled almost 100,000 ID.4s due to faulty door handles.
- The company faced complaints about doors opening unexpectedly while driving, leading to warranty claims.
- With new parts available, Volkswagen is set to restart production and offer attractive lease deals to boost sales.
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entertainment 2024-12-16 00:00
Pappano's masterclass leaves Elgar's concerto feeling toothless - Antonio Pappano led a performance of Ralph Vaughan Williams's final symphony, showcasing a dramatic and intense interpretation.
- The contrasting program order featured Elgar's Cello Concerto after Vaughan Williams, which highlighted its lesser impact.
- The concert demonstrated a high level of orchestral playing, particularly in its climaxes, leaving the audience captivated.
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politics 2024-12-16 00:00
Volkswagen faces massive strikes over job cuts plan - Volkswagen workers held strikes at nine plants in Germany, including Wolfsburg, over management’s plans to cut jobs and close factories.
- The action was fueled by rising production costs and declining demand for cars in Europe, worsened by competition from Chinese manufacturers.
- The union IG Metall warns that if management does not yield to their demands, strikes may escalate in intensity and duration.
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technology 2024-12-11 10:00
Volkswagen's technology can take control from unresponsive drivers - Volkswagen's Emergency Assist can stop a vehicle if the driver is unresponsive.
- The system activates multiple alerts before taking control and contacting emergency services.
- This development highlights the importance of addressing driver fatigue, a leading cause of collisions.
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business 2024-12-02 00:00
Volkswagen exits Xinjiang amidst forced labor allegations - Volkswagen has sold its assembly plant and test track in Xinjiang amid increasing scrutiny over human rights practices.
- The company's operations in the region faced challenges following the establishment of internment camps for Uyghurs.
- The decision reflects the pressure on Western companies to align their business practices with ethical standards amidst a competitive Chinese market.
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business 2024-11-28 00:00
Volkswagen braces for strikes over factory closures in Germany - Volkswagen plans to close three factories in Germany, leading to strikes starting December 1.
- Northvolt, a battery startup backed by Volkswagen and BMW, has declared bankruptcy.
- The automotive industry faces cumulative challenges from labor unrest and potential US tariffs.
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society 2024-11-28 00:00
Volkswagen withdraws from Xinjiang amid criticism and financial losses - Volkswagen announced its exit from the Xinjiang region after 12 years of operations.
- The decision follows years of criticism from human rights activists and the loss of financial viability.
- This withdrawal highlights the company's shift to align with market trends and mitigate political risks.
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business 2024-11-26 00:00
Volkswagen signs significant supply deal with Novonix for EV components - Volkswagen's PowerCo signed a five-year contract with Novonix for synthetic graphite anode material, starting in 2027.
- The 240 GWh energy storage capacity from PowerCo's planned gigafactories is designed to support approximately three million electric vehicles.
- This supply agreement highlights the crucial role of advanced materials in the electric vehicle manufacturing process.
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business 2024-11-25 00:00
Volkswagen faces massive losses on Northvolt investment - Volkswagen has significantly written down the value of its investment in Northvolt due to financial struggles.
- Northvolt filed for Chapter 11 bankruptcy after major layoffs and asset sales.
- The situation indicates the severe financial distress faced by the battery manufacturer.
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business 2024-10-28 18:30
Volkswagen plans to close three German factories amidst economic shifts - Volkswagen plans to close at least three of its factories in Germany, impacting thousands of jobs.
- The company's union revealed additional cuts beyond what was expected, including a proposed 10% pay reduction for employees.
- These drastic measures are part of Volkswagen's struggle to transition towards electric vehicles amidst increasing competition.
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business 2024-10-28 12:02
Volkswagen Plans to Close at Least 3 German Plants Soon - Volkswagen has communicated plans to close at least three plants in Germany amid recent financial challenges.
- The decision affects all VW facilities, prompting concerns over job security for approximately 120,000 employees.
- The automobile industry is facing stiff competition, particularly from affordable electric vehicles from Chinese manufacturers.
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business 2024-10-14 00:00
Stellantis chief warns at Paris motor show on EV transition risks - Leaders from Stellantis and Volkswagen urged for a quicker transition to electric vehicles at the Paris motor show.
- Carlos Tavares warned that prolonging the shift would increase production costs and complicate the replacement of combustion engines.
- The discussions highlighted the urgency of adapting to competition from China and the EU's 2035 ban on new combustion engine vehicles.
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business 2024-09-28 00:00
Volkswagen lowers forecasts amid declining demand and rising EV competition - Volkswagen anticipates a 5.6% operating margin and €2 billion net cash flow, significantly lower than previous estimates.
- The company projects global deliveries to fall to around 9 million units this year, driven by reduced demand in China.
- In response to rising competition and costs, Volkswagen is considering plant closures in Germany, indicating a shift in strategy.
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sub-category, category 2024-09-19 08:30
Volkswagen struggles in China amid EV transition challenges - Volkswagen's sales in China have plummeted from nearly 5 million in 2017 to 3 million last year, reflecting a significant decline.
- The company faces fierce competition from local Chinese EV manufacturers, with 16 of the top 20 global EV brands being Chinese.
- Volkswagen's struggles highlight the urgent need for the company to adapt its strategy in the rapidly evolving EV market.
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category, sub-category 2024-09-19 02:01
Germany’s rude economic awakening - Germany is experiencing a significant economic downturn, highlighted by the struggles of major companies like Volkswagen and Intel.
- Chancellor Scholz's government faces low approval ratings and potential far-right political gains amid these economic challenges.
- The combination of structural issues and external pressures indicates that a swift recovery for Germany's economy is unlikely.
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2023 All rights reserved
2023 All rights reserved