Showing 13 to 24 of 105 results
VW Profit Plunges 31% Amid China Competition and Restructuring
Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...
VW Profit Plunges 31% Amid China Competition and Restructuring
Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...
Progress
28% Bias Score
Volkswagen Employees to Receive Full Bonus in 2024 Despite Cost Cuts
Volkswagen's 120,000 German employees will receive a full bonus this year despite cost-cutting measures, with the amount to be determined after the balance sheet presentation on Tuesday; however, starting in 2026, the bonus structure will change significantly, with a fixed payment of €2000 and the f...
Volkswagen Employees to Receive Full Bonus in 2024 Despite Cost Cuts
Volkswagen's 120,000 German employees will receive a full bonus this year despite cost-cutting measures, with the amount to be determined after the balance sheet presentation on Tuesday; however, starting in 2026, the bonus structure will change significantly, with a fixed payment of €2000 and the f...
Progress
40% Bias Score
Volkswagen Recalls 60,000 EVs Over Gear Display Error
Volkswagen recalled over 60,000 electric vehicles in the US due to a software error causing gear display failures, potentially resulting in unintended vehicle movement; the recall impacts 2021-2023 Volkswagen ID.4s and 2022-2023 Audi Q4 e-trons.
Volkswagen Recalls 60,000 EVs Over Gear Display Error
Volkswagen recalled over 60,000 electric vehicles in the US due to a software error causing gear display failures, potentially resulting in unintended vehicle movement; the recall impacts 2021-2023 Volkswagen ID.4s and 2022-2023 Audi Q4 e-trons.
Progress
20% Bias Score
Porsche Appoints New CFO and Sales Chief Amidst Restructuring
Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...
Porsche Appoints New CFO and Sales Chief Amidst Restructuring
Porsche announced Jochen Breckner as the new CFO and Matthias Becker as the new sales chief, replacing Lutz Meschke and Detlev von Platen, respectively, due to a sales slump in China and internal power struggles; the company also announced restructuring measures, including job cuts and revised produ...
Progress
56% Bias Score
Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges
Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...
Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges
Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...
Progress
48% Bias Score
VW Averts Plant Closures, Announces 35,000 Job Cuts
Volkswagen and its works council agreed to a restructuring plan that avoids plant closures and layoffs in Germany until 2030 in exchange for 35,000 job cuts and reduced employee benefits. The deal follows several warning strikes and will be presented to employees at a company meeting.
VW Averts Plant Closures, Announces 35,000 Job Cuts
Volkswagen and its works council agreed to a restructuring plan that avoids plant closures and layoffs in Germany until 2030 in exchange for 35,000 job cuts and reduced employee benefits. The deal follows several warning strikes and will be presented to employees at a company meeting.
Progress
40% Bias Score
Volkswagen's Ambitious Plan: Technology Leadership Amidst Challenges
Volkswagen aims to become a "global technology leader" in the automotive industry within 10 years, despite facing a challenging 2025 with projected minimal profit improvement and significant profit decreases in 2024 across major divisions; the company is partnering with XPeng and Rivian for software...
Volkswagen's Ambitious Plan: Technology Leadership Amidst Challenges
Volkswagen aims to become a "global technology leader" in the automotive industry within 10 years, despite facing a challenging 2025 with projected minimal profit improvement and significant profit decreases in 2024 across major divisions; the company is partnering with XPeng and Rivian for software...
Progress
48% Bias Score
Volkswagen's €20,000 ID.Every1 Electric Car Set for 2027 Launch
Volkswagen will launch its affordable, completely electric ID.Every1 in 2027 for approximately €20,000, marking a key step in its Future Plan to become a leading global electric vehicle producer by 2023, with the car's design inspired by the Up! and featuring a new modular electric drive system and ...
Volkswagen's €20,000 ID.Every1 Electric Car Set for 2027 Launch
Volkswagen will launch its affordable, completely electric ID.Every1 in 2027 for approximately €20,000, marking a key step in its Future Plan to become a leading global electric vehicle producer by 2023, with the car's design inspired by the Up! and featuring a new modular electric drive system and ...
Progress
48% Bias Score
Porsche Restructures Leadership Amidst Crisis, Cuts 3900 Jobs
Porsche appointed Jochen Breckner as CFO and Matthias Becker as Sales Board Member, replacing Lutz Meschke and Detlev von Platen, respectively, due to declining sales in China and internal power struggles; the company is restructuring, cutting 15% of its workforce, and revising its production target...
Porsche Restructures Leadership Amidst Crisis, Cuts 3900 Jobs
Porsche appointed Jochen Breckner as CFO and Matthias Becker as Sales Board Member, replacing Lutz Meschke and Detlev von Platen, respectively, due to declining sales in China and internal power struggles; the company is restructuring, cutting 15% of its workforce, and revising its production target...
Progress
48% Bias Score
Hamburg Defends VW Supervisory Board Role Amidst Criticism
Niedersachsen's Minister of Culture, Julia Willie Hamburg, defends her controversial position on Volkswagen's supervisory board against social media criticism, emphasizing the need for diverse perspectives and advocating for affordable vehicles alongside a robust market strategy.
Hamburg Defends VW Supervisory Board Role Amidst Criticism
Niedersachsen's Minister of Culture, Julia Willie Hamburg, defends her controversial position on Volkswagen's supervisory board against social media criticism, emphasizing the need for diverse perspectives and advocating for affordable vehicles alongside a robust market strategy.
Progress
48% Bias Score
Porsche Board Shakeup Amidst Electric Vehicle Struggles
Porsche announced potential departures of board members Lutz Meschke and Detlev von Platen following disappointing electric vehicle sales and a 27% drop in Porsche AG's stock price since its IPO in Fall 2022.
Porsche Board Shakeup Amidst Electric Vehicle Struggles
Porsche announced potential departures of board members Lutz Meschke and Detlev von Platen following disappointing electric vehicle sales and a 27% drop in Porsche AG's stock price since its IPO in Fall 2022.
Progress
60% Bias Score
Porsche Seeks Departure of CFO and Sales Director Amidst Declining Sales
Porsche is seeking the departure of CFO Lutz Meschke and Sales Director Detlev von Platen due to criticism of their handling of the company's declining sales and weak stock price, particularly in the Chinese market; the company's global vehicle deliveries fell by 3% in 2024, with a significant 28% d...
Porsche Seeks Departure of CFO and Sales Director Amidst Declining Sales
Porsche is seeking the departure of CFO Lutz Meschke and Sales Director Detlev von Platen due to criticism of their handling of the company's declining sales and weak stock price, particularly in the Chinese market; the company's global vehicle deliveries fell by 3% in 2024, with a significant 28% d...
Progress
44% Bias Score
Showing 13 to 24 of 105 results