Volkswagen board discusses 82 billion dollar spending plan

Volkswagen brand logo

Volkswagen’s supervisory board is talking about a five-year spending plan amounting to over 70 billion euros ($82.5 billion) to become leader in electric cars, an individual knowledgeable about the talks informed Reuters. The board is anticipated to accept the capital and development spending targets on Friday, the individual said. The investments will likely be made […]

Jobs of Audi Workers in Germany are safe until 2020

Audi A5/S5 Cabriolets

Audi has dismissed forced redundancies in Germany prior to 2020, its labor employer stated, extending job guarantees by two years even as the Volkswagen-owned automaker grapples with the fallout from the automaker’s emissions scandal. Volkswagen flagship luxury division reduced its projection for profitability and sales in late October after sustaining further costs associated with the […]