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Tag: Volkswagen

An ‘earthquake’ at Volkswagen – and a crisis for Germany? | Volkswagen (VW)

“Earthquake at Volkswagen” read a grim headline in the newspaper. Wolfsburg Newsa newspaper serving a northern German city synonymous with the car manufacturer. News that crisis-hit Volkswagen is considering closing factories in Germany for the first time in its history, prematurely ending 30-year-old job protection agreements as part of a savings drive of around €10 […]

Volkswagen May Close German Plants as Cheap Chinese Cars Flood Europe

Germany-based Volkswagen is considering closing factories in the country as European Union automakers struggle with a flood of cheap Chinese-made cars that are taking up an increasing share of auto sales on the continent. “The situation in the European auto industry is very tough and serious,” Volkswagen Group CEO Oliver Blume said on Monday, suggesting […]

Executive Workspace sues Volkswagen for $4M over NYC EV charging station deal

A Volkswagen subsidiary that backed out of a contract to install electric vehicle charging stations in Midtown never intended to go ahead with the plan, the building’s owners claim in a $4 million lawsuit. company, Electrifying Americain May notified owner Executive Workspace that it was terminating the lease it had signed for the space at […]

Volkswagen Rescues EV Failure Rivian with $5 Billion Investment

Volkswagen and Rivian announced a joint venture that will bring Rivian’s EV software expertise to Volkswagen’s product lineup. The $5 billion deal is a lifeline for Rivian, which has faced major financial difficulties this year. Electrek Reports The VW-Rivian partnership marks a major step in the industry’s transition to EVs: VW has committed an initial […]

Volkswagen to invest $5B in Rivian, form joint venture

Rep. Mariannette Miller-Meeks, Republican of Iowa, talks to “The Evening Edit” about lawmakers’ concerns about China profiting from EVs. German automaker Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, the companies announced Tuesday. The two companies said they aim to develop “next-generation electric architectures and best-in-class software technologies” for EVs through […]

Rivian soars as Volkswagen plows $5B into EV maker: ‘Game changer’

Shares in Tesla rival electric car maker Rivian surged 28% on Wednesday after Volkswagen said it would invest up to $5 billion in the company to fuel its growth. VW said it would initially invest $1 billion in the joint venture to develop a “next-generation software-defined vehicle platform” for both companies’ electric vehicles, with Rivian […]

BMW, Jaguar, Volkswagen Caught Using Chinese Slave Labor

An investigation by the Senate Finance Committee revealed that several European-based automakers were importing cars or car parts made using Chinese slave labor into the United States. of investigationThe report, released Monday and led by Chairman Ron Wyden (D-Ore.), accuses automakers of “butting their heads in while saying they don’t find forced labor in their […]