Volkswagen resumes Europe’s largest car factory after coronavirus shutdown

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Volkswagen has resumed work at its biggest factory located in Wolfsburg, Germany, on Monday even as inventory levels throughout the industry continue to build up as the coronavirus crisis saps demand. Encouraged by a decline in infection rates, Germany eased lockdown restrictions and automakers are depending on the country’s ability to trace and contain the […]

German automakers to restart production as lockdowns ease

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German automakers such as Volkswagen and Mercedes-Benz will restart production at some German plants next week after the country eased restrictions designed to stop the spread of the coronavirus. Chancellor Angela Merkel on Wednesday stated that Germany has achieved a “fragile intermediate success” in its battle against the coronavirus and that its emergence from lockdown […]

Volkswagen tests ventilator output to combat coronavirus crisis

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German automaker Volkswagen stated on Friday it was joining other automakers across the world to find out use of 3D printing to make hospital ventilators in order to combat the coronavirus crisis. Governments are enlisting automakers such as Ford, General Motors, Ferrari and Nissan to increase production of ventilators and other equipment they are short […]

Coronavirus is halting plants in Europe while plants in China reopen

Fiat Chrysler is temporarily shutting four plants in Italy as coronavirus takes its toll on the world’s eighth biggest economy. The move came after a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it attempts to contain the worst outbreak of the coronavirus, also known as Covid-19, outside China. The Italian-American […]

Seat’s de Meo probably in talks with Renault, says Herbert Diess

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Herbert Diess, chief executive of Volkswagen, stated Luca de Meo, who stepped down as chief executive of the German automaker’s Spanish Seat brand this month, was probably in talks with French automaker Renault. The Italian-born de Meo was a chairman of Seat’s executive committee for four years, supervising a resurgence in the Barcelona-based company’s sales […]

German Car Production Declines to Two Decades Low on Waning Exports

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German car production declined to its lowest in nearly a quarter of a century as Europe’s largest economy continues to have a hard time from the fallout of a worldwide trade war. Automakers including Volkswagen AG, BMW AG, and Daimler AG produced 4.66 million vehicles in German factories in 2019, the weakest since 1996. The country’s VDA car lobby, which […]

Volkswagen sees bids for MAN Energy Solutions unit

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Volkswagen has seen bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people knowledgeable with the matter stated. Innio, previously known as Jenbacher and owned by buyout group Advent, along with the two other bidders last week made bids for […]

Volkswagen to deepen alliances with battery suppliers

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Volkswagen is going to create joint ventures and help finance battery production to persuade skeptical cell providers to back its aggressive push for mass-producing electric vehicles, board member Stefan Sommer informed Reuters. VW has stated it will purchase 50 billion euros ($56.57 billion) worth of battery cells and has identified Sweden’s Northvolt, South Korea’s SKI, […]

VW wins worker support for restructuring with $1.1 billion battery plan

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Volkswagen workers supported a restructuring of Volkswagen on Tuesday after CEO Herbert Diess vowed to spend 1 billion euros ($1.1 billion) on a new battery cell production plant close to its headquarters in Lower Saxony. Diess requires the support of Volkswagen’s powerful unions as he tries to slim down and simplify the German company, that […]