Tag #Volkswagen

Showing 13 to 24 of 154 results

welt.de

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Aug 30, 22:18

Volkswagen Found Liable for Slave Labor in Brazil

A Brazilian court ordered Volkswagen to pay a record 165 million Reais (≈€26 million) for using slave labor on its subsidiary's Amazon farm during the 1970s-80s military dictatorship, profiting from the exploitation of hundreds of workers under inhumane conditions.

Volkswagen Found Liable for Slave Labor in Brazil

A Brazilian court ordered Volkswagen to pay a record 165 million Reais (≈€26 million) for using slave labor on its subsidiary's Amazon farm during the 1970s-80s military dictatorship, profiting from the exploitation of hundreds of workers under inhumane conditions.

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How did the investigation into Volkswagen's practices begin and what were the key findings?

The investigation started in 2019 after a priest, Ricardo Rezende, documented slave labor conditions on the Fazenda Vale do Rio Cristalino farm. The farm, also known as Fazenda Volkswagen, subjected hundreds of temporary workers to long hours, degrading conditions, and a system of debt bondage enforced by armed guards, preventing workers from leaving.

dw.com

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Aug 30, 16:16

Brazilian Court Fines Volkswagen €26 Million for 1970s-80s Slave Labor

A Brazilian court ordered Volkswagen to pay €26 million for using slave labor at its farm in the 1970s and 80s, a ruling the company plans to appeal.

Brazilian Court Fines Volkswagen €26 Million for 1970s-80s Slave Labor

A Brazilian court ordered Volkswagen to pay €26 million for using slave labor at its farm in the 1970s and 80s, a ruling the company plans to appeal.

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How did these practices come to light, and what broader context do they represent?

The allegations were first publicized in 1983 by Father Ricardo Rezende, who spoke to 15 escaped workers. This case highlights the persistence of forced labor in Brazil despite its official abolition in 1888 and subsequent anti-exploitation laws.

dailymail.co.uk

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Aug 22, 19:19

Audi Raises Prices on 2026 Models Due to Trump Tariffs

Audi raised prices on many 2026 models by up to $4,100 due to President Trump's tariffs, impacting gas-powered models most while the Q5 remains unchanged at $52,200; this follows a wider trend of automakers passing tariff costs to consumers, exacerbating affordability issues.

Audi Raises Prices on 2026 Models Due to Trump Tariffs

Audi raised prices on many 2026 models by up to $4,100 due to President Trump's tariffs, impacting gas-powered models most while the Q5 remains unchanged at $52,200; this follows a wider trend of automakers passing tariff costs to consumers, exacerbating affordability issues.

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Reduced Inequality

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What is the immediate impact of President Trump's tariffs on Audi's pricing strategy and the broader automotive market?

Audi is increasing prices on its 2026 models by $800 to $4,100, primarily affecting gas-powered vehicles, to offset President Trump's tariffs. The Q5 crossover will remain at $52,200, while the Q4 E-tron will increase slightly to $50,600. This follows a trend of automakers passing tariff costs to consumers.

zeit.de

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Aug 11, 19:19

VW and Bosch to Launch Automated Driving Platform by 2026

Volkswagen and Bosch will launch a shared automated driving software platform by mid-2026, potentially available in the new ID.1 electric car by 2027, utilizing AI and proprietary code to increase accessibility and reduce US tech dependence.

VW and Bosch to Launch Automated Driving Platform by 2026

Volkswagen and Bosch will launch a shared automated driving software platform by mid-2026, potentially available in the new ID.1 electric car by 2027, utilizing AI and proprietary code to increase accessibility and reduce US tech dependence.

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What is the immediate impact of Volkswagen and Bosch's new automated driving platform on the automotive industry?

Volkswagen and Bosch are collaborating to launch a joint automated driving software platform by mid-2026, potentially equipping affordable vehicles like the ID.1 electric car with this technology as early as 2027. This collaboration aims to make automated driving accessible to millions of drivers, expanding beyond the current high-price segment.

politico.eu

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Jul 26, 10:09

Volkswagen's €1.3 Billion Tariff Loss Drives EU-US Trade Deal Push

Volkswagen reported a €1.3 billion loss due to US tariffs since April, prompting a revised financial forecast and lobbying efforts for tariff reductions and special provisions, while negotiations between the EU and US are underway.

Volkswagen's €1.3 Billion Tariff Loss Drives EU-US Trade Deal Push

Volkswagen reported a €1.3 billion loss due to US tariffs since April, prompting a revised financial forecast and lobbying efforts for tariff reductions and special provisions, while negotiations between the EU and US are underway.

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What are the immediate financial consequences for Volkswagen due to the ongoing US-EU trade dispute, and what specific actions is the company taking to mitigate them?

Volkswagen's €1.3 billion loss from US tariffs highlights the impact of the trade war. The company revised its financial forecast, expecting a lower operating return on sales (4-5 percent) due to continued tariffs. Negotiations are underway for a 15 percent EU-US tariff, but VW seeks additional carve-outs.

sueddeutsche.de

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Jul 25, 19:13

VW Profit Falls Despite Sales Rise Due to Premium Brand Weakness and US Tariffs

Volkswagen's first-half vehicle deliveries rose 0.5% to 4.4 million, boosted by a 46% increase in electric vehicle sales; however, lower profitability in premium brands (Audi, Porsche) and US tariffs (€1.3 billion) resulted in a significant profit decline, leading to lowered profit margin forecasts ...

VW Profit Falls Despite Sales Rise Due to Premium Brand Weakness and US Tariffs

Volkswagen's first-half vehicle deliveries rose 0.5% to 4.4 million, boosted by a 46% increase in electric vehicle sales; however, lower profitability in premium brands (Audi, Porsche) and US tariffs (€1.3 billion) resulted in a significant profit decline, leading to lowered profit margin forecasts ...

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What were the primary factors contributing to Volkswagen's reduced profitability in the first half of 2024?

Volkswagen's overall vehicle deliveries increased by 0.5 percent to 4.4 million cars in the first half of the year. Electric vehicle sales surged by approximately 46 percent, but lower profit margins on these models offset gains, leading to a significant decline in overall profit. The decline in profit is primarily attributable to underperformance by Audi and Porsche.

dw.com

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Aug 30, 22:18

Volkswagen Ordered to Pay $26 Million for Modern Slavery in Brazil

A Brazilian labor court ordered Volkswagen to pay R$165 million (about €26 million) for collective moral damages due to slavery-like conditions on a company-owned farm from 1974-1986, where at least 15 people suffered inhumane treatment.

Volkswagen Ordered to Pay $26 Million for Modern Slavery in Brazil

A Brazilian labor court ordered Volkswagen to pay R$165 million (about €26 million) for collective moral damages due to slavery-like conditions on a company-owned farm from 1974-1986, where at least 15 people suffered inhumane treatment.

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What is the core finding of the Brazilian court's decision regarding Volkswagen?

The court found Volkswagen liable for collective moral damages, ordering a €26 million payment. This stems from evidence of slavery-like conditions on a company-owned farm in Brazil between 1974 and 1986, impacting at least 15 individuals.

abcnews.go.com

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Aug 30, 07:16

Volkswagen Ordered to Pay $30 Million for Slave Labor in Brazil

A Brazilian labor court ordered Volkswagen to pay 165 million reais (about $30 million) in reparations for subjecting hundreds of workers to slave-like conditions on a company-owned farm in the Amazon during the 1970s and 1980s.

Volkswagen Ordered to Pay $30 Million for Slave Labor in Brazil

A Brazilian labor court ordered Volkswagen to pay 165 million reais (about $30 million) in reparations for subjecting hundreds of workers to slave-like conditions on a company-owned farm in the Amazon during the 1970s and 1980s.

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What is the significance of this court ruling in the context of Brazil's history?

This ruling marks the largest reparation for slave labor in Brazil's history, totaling $30 million. It highlights the enduring legacy of slavery in Brazil's labor practices and the ongoing need for addressing historical injustices. The case underscores the importance of corporate accountability for past human rights abuses.

welt.de

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Aug 21, 07:23

IG Metall Warns of AfD-Linked Union's Growing Influence at Volkswagen

IG Metall warns against the growing influence of the AfD-affiliated Arbeitnehmerorganisation Zentrum within Volkswagen, which is pursuing legal action to gain access to the Isenbüttel plant. A court verdict is expected today. Zentrum currently has six members out of approximately 150 employees at th...

IG Metall Warns of AfD-Linked Union's Growing Influence at Volkswagen

IG Metall warns against the growing influence of the AfD-affiliated Arbeitnehmerorganisation Zentrum within Volkswagen, which is pursuing legal action to gain access to the Isenbüttel plant. A court verdict is expected today. Zentrum currently has six members out of approximately 150 employees at th...

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How does the AfD's political backing influence Zentrum's strategy and objectives within Volkswagen?

Zentrum, founded in 2009, is gaining traction in southern and eastern Germany and recently opened a regional office in Hannover. Its presence at the Isenbüttel plant is currently limited to six out of approximately 150 employees. The union views Zentrum's current influence as overestimated, expecting no serious threat to its position in upcoming 2026 works council elections.

faz.net

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Aug 11, 19:19

VW and Bosch Announce Automated Driving Breakthrough

Volkswagen and Bosch announced a major breakthrough in automated driving technology, aiming for mass-market affordability by mid-2026, potentially reshaping the automotive industry.

VW and Bosch Announce Automated Driving Breakthrough

Volkswagen and Bosch announced a major breakthrough in automated driving technology, aiming for mass-market affordability by mid-2026, potentially reshaping the automotive industry.

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How might this collaboration impact the broader automotive industry and consumer expectations?

The collaboration between VW and Bosch signifies a potential shift in the automotive industry, moving automated driving from a luxury feature to a mass-market offering. This could reshape consumer expectations and accelerate the integration of autonomous technologies in vehicles.

zeit.de

🌐 85% Global Worthiness

Jul 25, 16:12

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

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What factors contributed to Porsche's dramatic 91% drop in operating profit during the second quarter of 2024?

Porsche's operating profit plummeted 91% in Q2 2024 to €154 million, compared to €1.7 billion in Q2 2023. This significant drop is attributed to decreased sales in China and the US, high restructuring costs, US import tariffs, and investments in e-mobility. The company's revenue also fell by 12.9% to €8.3 billion.

de.euronews.com

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Jul 25, 19:13

Volkswagen Profit Drops 33% Amidst US Tariff Uncertainty

Volkswagen reported a 33 percent drop in operating profit to €6.7 billion in the first half of 2025, primarily due to higher US import tariffs, though overall sales remained stable at €158.4 billion; the company projects continued uncertainty due to ongoing EU-US trade negotiations.

Volkswagen Profit Drops 33% Amidst US Tariff Uncertainty

Volkswagen reported a 33 percent drop in operating profit to €6.7 billion in the first half of 2025, primarily due to higher US import tariffs, though overall sales remained stable at €158.4 billion; the company projects continued uncertainty due to ongoing EU-US trade negotiations.

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What is the primary cause of Volkswagen's significant drop in operating profit during the first half of 2025, and what are the immediate consequences?

Volkswagen's operating profit fell by 33 percent to €6.7 billion in the first half of 2025, primarily due to higher US import tariffs (€700 million in restructuring costs and higher sales of lower-margin electric models also contributed). Despite this, overall sales remained relatively stable at €158.4 billion.", A2="The decline in Volkswagen's profitability is directly linked to increased US import tariffs, impacting sales in the US by 16 percent. However, growth in other regions, like South America (+19 percent), partially offset this, highlighting the company's geographical diversification strategy. The significant rise in orders for electric vehicles (62 percent) suggests potential for future growth in this sector.", A3="Volkswagen's updated financial forecast reflects uncertainty surrounding US tariffs. The optimistic scenario projects a tariff reduction to 10 percent, whereas a pessimistic scenario assumes the 27.5 percent tariff remains. The outcome of ongoing EU-US trade negotiations will significantly affect Volkswagen's future profitability and the success of its electric vehicle strategy.", Q1="What is the primary cause of Volkswagen's significant drop in operating profit during the first half of 2025, and what are the immediate consequences?", Q2="How did regional sales variations contribute to Volkswagen's overall financial performance in the first half of 2025, and what strategies did they employ to mitigate losses?", Q3="What are the potential long-term impacts of the ongoing EU-US trade negotiations on Volkswagen's profitability, and how might this influence their future business strategies?", ShortDescription="Volkswagen reported a 33 percent drop in operating profit to €6.7 billion in the first half of 2025, primarily due to higher US import tariffs, though overall sales remained stable at €158.4 billion; the company projects continued uncertainty due to ongoing EU-US trade negotiations.", ShortTitle="Volkswagen Profit Drops 33% Amidst US Tariff Uncertainty")) hoogte van 27,5 procent ook in de tweede helft van 2025 gelden, de optimistische prognosen beziehen sich auf eine Senkung der US-Zölle auf 10 Prozent. "Es besteht eine große Unsicherheit über die weitere Entwicklung der Zölle, ihre Auswirkungen und eventuelle Wechselwirkungen", heißt es in der Erklärung. Die Europäische Union und die Vereinigten Staaten verhandeln derzeit über ein Handelsabkommen, um die Zölle zwischen den beiden Ländern vor dem Stichtag 1. August zu regeln. Washington hat der EU mit Zöllen in Höhe von 30 Prozent gedroht, sollte bis zu diesem Tag keine Einigung erzielt werden. In der Zwischenzeit hat die EU auch ihre eigenen Gegenmaßnahmen vorbereitet, die sie zu gegebener Zeit einsetzen will. "Wir zählen darauf, dass die Europäische Kommission und die US-Regierung zu einem ausgewogenen Ergebnis in der Zollfrage kommen", sagte der Vorstandsvorsitzende von Volkswagen am Freitag in einem Telefonat.

Showing 13 to 24 of 154 results