Tag #Automotive Industry

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zeit.de

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Nov 9, 04:08

Volkswagen's Cost-Cutting Sparks Controversy in Lower Saxony

Lower Saxony's Economics Minister criticizes Volkswagen's cost-cutting measures, including job security termination, and opposes plant closures.

Volkswagen's Cost-Cutting Sparks Controversy in Lower Saxony

Lower Saxony's Economics Minister criticizes Volkswagen's cost-cutting measures, including job security termination, and opposes plant closures.

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What is the significance of Lower Saxony's stake in Volkswagen in this context?

Six of Volkswagen's ten German plants are located in Lower Saxony, with the Wolfsburg headquarters employing over 60,000 workers; Lower Saxony holds a 20% stake in VW and a blocking minority.

dw.com

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Nov 8, 13:10

Volkswagen: A German Icon

This article explores Volkswagen's deep connection to German identity, its iconic models' role in the post-war economic miracle, and the brand's current challenges.

Volkswagen: A German Icon

This article explores Volkswagen's deep connection to German identity, its iconic models' role in the post-war economic miracle, and the brand's current challenges.

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What is the significance of Volkswagen in German history and culture?

The article discusses Volkswagen's enduring legacy in Germany, highlighting its iconic models like the Beetle, Bulli, and Golf, which became symbols of the country's post-war economic miracle and shaped generations.

dw.com

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Nov 6, 19:08

Volkswagen's Crisis: Electric Vehicles, China, and the Future of the German Auto Industry

Volkswagen, a German automotive giant, faces a multi-pronged crisis encompassing the legacy of Dieselgate, increased competition from Chinese automakers, and the challenges of transitioning to electric vehicles. The crisis is impacting not just VW but also the wider German economy.

Volkswagen's Crisis: Electric Vehicles, China, and the Future of the German Auto Industry

Volkswagen, a German automotive giant, faces a multi-pronged crisis encompassing the legacy of Dieselgate, increased competition from Chinese automakers, and the challenges of transitioning to electric vehicles. The crisis is impacting not just VW but also the wider German economy.

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Why is Volkswagen in crisis?

Volkswagen's crisis is multifaceted, encompassing the lingering effects of Dieselgate, high energy and labor costs, inflation, decreased demand in key markets like China, and the challenges of transitioning to electric vehicles. The company's slower-than-expected investment in electric vehicle technology and software also plays a significant role.

cnbc.com

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Nov 8, 07:22

Nissan's Financial Crisis and Restructuring

Nissan reports significant losses, announces major job cuts and cost reductions.

Nissan's Financial Crisis and Restructuring

Nissan reports significant losses, announces major job cuts and cost reductions.

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What were the key findings from Nissan's second-quarter financial results?

Nissan's second-quarter results revealed a 9.3 billion yen net loss, a significant reversal from the previous year's profit. This led to a sharp drop in the company's share price and prompted drastic cost-cutting measures.

cnbc.com

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Nov 8, 22:24

Toyota Challenges California's EV Mandate

Toyota criticizes California's ambitious electric vehicle mandate as unachievable, warning of reduced customer choice and industry distortion.

Toyota Challenges California's EV Mandate

Toyota criticizes California's ambitious electric vehicle mandate as unachievable, warning of reduced customer choice and industry distortion.

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What is Toyota's stance on California's electric vehicle mandate for 2026?

Toyota claims California's electric vehicle mandate for 2026 is unachievable due to insufficient demand and will limit customer choice.

faz.net

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Nov 5, 13:23

Audi's Q3 Profit Plunge

Audi's Q3 2023 results show a sharp decline in operating profit, but luxury brands and employment guarantees offer a glimmer of hope.

Audi's Q3 Profit Plunge

Audi's Q3 2023 results show a sharp decline in operating profit, but luxury brands and employment guarantees offer a glimmer of hope.

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What is Audi's current stance on employment and hiring?

Audi maintains its employment guarantee until 2029, including the absorption of apprentices. While there's no explicit hiring freeze, external recruitment is now highly selective.

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