Tag #Volkswagen

Showing 13 to 24 of 113 results

zeit.de

🌐 65% Global Worthiness

Mar 18, 16:10

VWN Raises Profitability Target to 6.5% by 2029

Volkswagen's commercial vehicle division (VWN) raised its 2029 profitability target to 6.5 percent, planning a €1.4 billion annual cost reduction without further job cuts, while expanding ID. Buzz sales globally, including the USA, despite potential US tariffs.

VWN Raises Profitability Target to 6.5% by 2029

Volkswagen's commercial vehicle division (VWN) raised its 2029 profitability target to 6.5 percent, planning a €1.4 billion annual cost reduction without further job cuts, while expanding ID. Buzz sales globally, including the USA, despite potential US tariffs.

Progress

36% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is VWN's revised profitability target, and how will the company achieve this ambitious goal?

Volkswagen Nutzfahrzeuge (VWN), the VW commercial vehicle division, increased its profitability target from 6 percent to 6.5 percent by 2029. This aligns VWN with the VW car division's goal. The company plans to achieve this through a €1.4 billion annual cost reduction, including €300 million from a recent labor agreement.

politico.eu

🌐 85% Global Worthiness

Mar 14, 07:13

Rheinmetall Overtakes Volkswagen, Signaling Germany's Shift to Defense

Rheinmetall's market cap overtook Volkswagen's on Thursday, reaching €55.7 billion versus €54.4 billion, reflecting Germany's economic pivot from cars to defense amid Russia's war in Ukraine and concerns over U.S. support.

Rheinmetall Overtakes Volkswagen, Signaling Germany's Shift to Defense

Rheinmetall's market cap overtook Volkswagen's on Thursday, reaching €55.7 billion versus €54.4 billion, reflecting Germany's economic pivot from cars to defense amid Russia's war in Ukraine and concerns over U.S. support.

Progress

40% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How do geopolitical factors, particularly Russia's actions and U.S. policies, influence this economic shift in Germany?

This shift is driven by Europe's increased defense spending in response to Russia's actions and concerns about potential U.S. withdrawal from the continent. Conversely, Volkswagen faces challenges from the Chinese market, Trump-era tariffs, and the electric vehicle transition. The change highlights a broader geopolitical realignment impacting Germany's economic priorities.

zeit.de

🌐 75% Global Worthiness

Mar 12, 16:13

German Court to Rule on Works Council Compensation

The German Federal Labor Court will decide in March on a lawsuit by a Volkswagen works council member against VW for reducing his compensation after a 2023 Federal Court of Justice ruling deemed excessive pay for works councils as breach of trust; this ruling could influence compensation practices i...

German Court to Rule on Works Council Compensation

The German Federal Labor Court will decide in March on a lawsuit by a Volkswagen works council member against VW for reducing his compensation after a 2023 Federal Court of Justice ruling deemed excessive pay for works councils as breach of trust; this ruling could influence compensation practices i...

Progress

32% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How does the Volkswagen case affect the interpretation of the Works Constitution Act regarding the compensation of works council members?

This case sets a precedent for determining fair compensation for released works council members across German companies, impacting future labor negotiations and potentially influencing executive decisions regarding employee representation pay. The ruling will significantly affect the interpretation of the Works Constitution Act, which mandates compensation comparable to similar employees. Approximately 20 similar lawsuits from VW alone are pending.

sueddeutsche.de

🌐 85% Global Worthiness

Mar 11, 10:18

VW Profit Down 31 Percent in 2023 Amidst Restructuring"

Volkswagen's 2023 net profit dropped 31 percent to €12.4 billion due to decreased earnings in China and high restructuring costs, while the company plans further cost cuts, a 5 percent revenue increase in 2024 and job reductions in Germany.

VW Profit Down 31 Percent in 2023 Amidst Restructuring"

Volkswagen's 2023 net profit dropped 31 percent to €12.4 billion due to decreased earnings in China and high restructuring costs, while the company plans further cost cuts, a 5 percent revenue increase in 2024 and job reductions in Germany.

Progress

32% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What were the primary factors contributing to Volkswagen's significant profit decrease in 2023, and what immediate consequences resulted?

Volkswagen's 2023 profit fell by 31 percent to €12.4 billion due to intense competition in China and high restructuring costs, including the closure of the Audi Brussels plant. Despite this, the company exceeded its own internal profit expectations and will pay employees a bonus of almost €4,800, although this will be significantly reduced from 2026 onwards.",

zeit.de

🌐 75% Global Worthiness

Mar 11, 10:18

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

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How did the restructuring costs, specifically those related to the Audi Brussels plant closure, impact Volkswagen's overall financial performance?

The decline in profit reflects challenges faced by Volkswagen in a weakening global automotive market. Increased competition in China, a key market for VW, significantly reduced earnings. High restructuring costs, particularly those associated with factory closures, also contributed to the lower overall profitability.

zeit.de

🌐 65% Global Worthiness

Mar 10, 10:10

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

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of Volkswagen's cost-cutting measures on its German workforce's 2024 bonuses?

Despite Volkswagen's cost-cutting measures, its 120,000 German employees will receive a full bonus this year. The exact amount will be determined after the company's balance sheet presentation on Tuesday. In previous years, this bonus amounted to several thousand euros per employee.

repubblica.it

🌐 85% Global Worthiness

Mar 14, 16:11

Seat Group Reports Record 2024 Profits Amidst Market Uncertainty

In 2024, Seat Group achieved record operating profit of €633 million (up 1.3% from 2023) and €14.5 billion turnover, driven by a four-pillar strategy including Cupra's growth, cost reduction, Seat's sales increase, and major investments. The Martorell plant is becoming a major electric vehicle hub, ...

Seat Group Reports Record 2024 Profits Amidst Market Uncertainty

In 2024, Seat Group achieved record operating profit of €633 million (up 1.3% from 2023) and €14.5 billion turnover, driven by a four-pillar strategy including Cupra's growth, cost reduction, Seat's sales increase, and major investments. The Martorell plant is becoming a major electric vehicle hub, ...

Progress

36% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How did Seat's strategic investments and restructuring efforts impact its profitability and competitiveness?

The company's success stems from a four-pillar strategy: Cupra's growth (800,000 units sold in 2024, projected to reach 1 million by the end of 2025); a 30% reduction in fixed costs; Seat's 7.5% sales increase; and €5.4 billion invested over five years. This strategic approach enabled Seat to navigate the challenges of slowing electric vehicle sales, increasing Chinese competition, and unstable tariffs.",

elmundo.es

🌐 65% Global Worthiness

Mar 13, 16:12

Seat Delays Electric Vehicle Production Amidst Market Uncertainty

Seat delays its electric vehicle production due to low market demand (5% in Spain, <14% in Europe) and prioritizes profitability, while focusing on Cupra's expansion into the US market by 2030 and investing €10 billion in the Future: Fast Forward project.

Seat Delays Electric Vehicle Production Amidst Market Uncertainty

Seat delays its electric vehicle production due to low market demand (5% in Spain, <14% in Europe) and prioritizes profitability, while focusing on Cupra's expansion into the US market by 2030 and investing €10 billion in the Future: Fast Forward project.

Progress

44% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

What factors are influencing Seat's decision to delay the production of its own electric vehicle?

Seat will not produce an electric car until the market share reaches 30-40%, prioritizing profitability. This decision reflects current low electric vehicle adoption rates (5% in Spain, <14% in Europe). Seat also will not participate in VW's ID.1 electric vehicle project.

sueddeutsche.de

🌐 65% Global Worthiness

Mar 12, 22:13

Cariad Job Cuts Disputed Amidst Volkswagen Software Strategy Shift

Volkswagen's software subsidiary Cariad plans to cut 1,600 jobs by year's end, a move disputed by the works council who claim no such agreement exists; the cuts aim to improve efficiency and align with VW's new strategy focusing on external partnerships, while the council prioritizes maintaining pro...

Cariad Job Cuts Disputed Amidst Volkswagen Software Strategy Shift

Volkswagen's software subsidiary Cariad plans to cut 1,600 jobs by year's end, a move disputed by the works council who claim no such agreement exists; the cuts aim to improve efficiency and align with VW's new strategy focusing on external partnerships, while the council prioritizes maintaining pro...

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of the planned job cuts at Cariad on Volkswagen's vehicle production timelines?

Cariad, Volkswagen's software subsidiary, plans to cut 1,600 jobs by the end of the year, according to the company. This claim is disputed by the works council, who state no agreements on specific job cuts exist. The reduction is intended to improve efficiency and adapt to the company's role within the Volkswagen Group, using voluntary programs and early retirement, with no compulsory redundancies until 2029.

welt.de

🌐 85% Global Worthiness

Mar 11, 16:09

VW's Ambitious 10-Year Plan: From Profit Drop to Tech Leadership

Volkswagen, facing significant profit drops in 2024, aims to become a global technology leader in the automotive industry within 10 years by partnering with XPeng and Rivian for software development and focusing on competitive electric vehicles, particularly in the challenging Chinese market.

VW's Ambitious 10-Year Plan: From Profit Drop to Tech Leadership

Volkswagen, facing significant profit drops in 2024, aims to become a global technology leader in the automotive industry within 10 years by partnering with XPeng and Rivian for software development and focusing on competitive electric vehicles, particularly in the challenging Chinese market.

Progress

48% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

How is Volkswagen restructuring its software development strategy, and what are the implications for its subsidiaries and collaborations?

VW's new strategy involves collaborations with XPeng and Rivian to develop future software systems and improve its position in the Chinese market. This follows significant structural changes under CEO Oliver Blume, including increased independence for its Chinese subsidiary and a shift away from concentrating software development within the Cariad subsidiary. The goal is to offer competitive electric vehicles at the right price point, crucial for regaining market share, especially in China.

welt.de

🌐 75% Global Worthiness

Mar 11, 16:09

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

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

How will VW's partnerships with XPeng and Rivian impact its software development and market position, particularly in China?

VW's strategy involves collaborations with XPeng and Rivian for software development and aims to revitalize its struggling Chinese market with cheaper, better electric vehicles. Significant profit decreases in 2024, particularly within Audi and Porsche, highlight the challenges VW faces in its transformation.

repubblica.it

🌐 85% Global Worthiness

Mar 5, 22:10

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

ShareSaveArticle

Affordable and Clean Energy

12345678

Previous 1 of 8 Next

What is the significance of Volkswagen's ID.Every1 launch for the electric vehicle market?

Volkswagen will launch the ID.Every1, a €20,000 electric car, in 2027. This affordable model, built in Europe, aims to attract both private and commercial customers. It will be the first Volkswagen model to use a new modular electric drive system and software architecture.

Showing 13 to 24 of 113 results