Volkswagen burning through $2.2 billion a week as coronavirus stops production

Volkswagen logo

Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the German automaker is still spending about 2 billion euros ($2.2 billion) a week, CEO Herbert Diess informed German TV channel ZDF. Diess informed the Markus Lanz talkshow that the German company, which hires 671,000 people globally, was not making any sales outside China […]

Volkswagen to reach the production of their electric car target earlier

Volkswagen brand logo

Volkswagen stated on Friday that it would reach a major target in the production of electric autos earlier than previously expected. The automaker will have produced one million electric automobiles by the end of 2023, two years ahead of schedule. It now anticipates to have produced 1.5 million electric automobiles by 2025, it stated. This […]

Anti-pollution rules can hit profits and sales, says Volkswagen CEO

Volkswagen logo

Volkswagen Group’s CEO Herbert Diess cautioned that new anti-pollution tests possess a risk to the automaker’s profit targets. Volkswagen has cautioned that production of up to 250,000 cars is going to be delayed as it struggles to adapt its automobiles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP). In […]

Volkswagen Re-Examine Supplier Strategy After Dispute Hits Manufacturing

Volkswagen logo

Volkswagen CEO Matthias Mueller has pledged to review the German automobile giant’s procurement strategy to prevent any repetition of the crippling supplier conflict that hit production at six plants this month. Still reeling from a diesel emissions scandal, Volkswagen will re-examine contracts that leave the group depending on a single supplier after the dangers were […]

Volkswagen major plant hit by parts shortage in supplier row

Volkswagen Tiguan SUV images

Volkswagen stated on Wednesday production at its biggest factory had been reduced in some areas due to the supplies shortage triggered by a parts maker choosing not to keep to delivery commitments. “A provider has actually suspended the contractually agreed delivery of components,” Volkswagen said in an emailed declaration. “This is developing a bottleneck in […]

Volkswagen plant to cut working hours at Passat plant because of seat supply problem

Volkswagen passat images

Volkswagen plans to decrease working hours at a German plant making Passat automobiles due to the problems with materials from its internal seat producer Sitech. A representative for the plant in Emden, in Volkswagen’s home state of Lower Saxony, stated about a 3rd of the factory’s 9,000 workers would be impacted, at first for a […]

Jetta Hybrid pulled from Volkswagen’s U.S. lineup in 2017

Volkswagen launched details on its 2017 lineup for the U.S. the other day, including the launch of its crossover-like Golf Alltrack wagon, some brand-new Beetle variations, and greater availability of electronic safety systems throughout more models. However one entry in the VW lineup was missing out on. Volkswagen’s William Gock validated to Green Vehicle Reports […]