Volkswagen Group is recalling 89,417 vehicles in the United States, the US National Highway Traffic Safety Administration (NHTSA) revealed in a statement on Saturday.The carmaker said that the risk of fire is increased in certain cars due to cylinder head cover screws potentially being...
Volkswagen Group reported on Wednesday that its revenue in the first quarter of 2025 reached €77.6 billion, rising 2.8% from the same period a year earlier.Vehicle sales edged up 0.9% year-on-year to 2.1 million units, while deliveries to customers grew 1.4% to 2.13 million. However, production...
The Volkswagen Group CEO said on Wednesday in Shanghai that the German carmaker will have to adjust production size in China as a "highly competitive market" intensifies."We have enormous capacity in China from the past. It will be a similar process to what we went through in Germany,"...
Shares of European automakers tumbled on Friday as concerns and insecurity in the auto industry rose after United States President Donald Trump slapped 25% tariffs on all non-US-made vehicles.Following the announcement of auto levies, Stellantis NV decided to temporarily halt production at...
The Volkswagen Group announced on Thursday that it will start manufacturing a new version of the Amarok, its mid-size pick-up truck, for the South American market at its Pacheco plant in Argentina as of 2027.The company is investing $580 million in the Pacheco factory, which has produced the...
Various European automobile companies observed on Thursday a dip in the prices of their shares after United States President Donald Trump imposed a 25% tariff on all cars made outside the North American country. The European Automobile Manufacturers' Association (ACEA) then warned that the...
Volkswagen's luxury brand Audi announced Monday that it will cut 7,500 jobs in Germany by 2029 as part of a cost-reduction strategy. The layoffs, focused on administration and development roles, are part of a broader restructuring plan to save €1 billion annually. The move is part of broader job...
The Volkswagen Group revealed on Tuesday that its sales revenue landed at €324.6 billion, up by 0.7% compared to a year earlier.Vehicle sales dropped by 3.5% to 9 million units, while deliveries to customers decreased 2.3% year-on-year to 9 million units, and production fell by 3.8% to 9.3 million units....
This week's earnings reports will bring the German automotive industry into the limelight as some of the country's biggest carmakers release their financial results for the fourth quarter of fiscal 2024. The first on the agenda is Volkswagen Group, which will release its earnings report on...
Volkswagen has revealed the ID. EVERY1, a new electric vehicle set to launch in 2027 with a starting price around €20,000. This model is part of the brand's strategy to offer smart, flexible, and affordable all-electric mobility for both private and commercial customers. Alongside the ID. EVERY1, the...
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