Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.

Car giant VW to wind down production at 2 factories, China could buy factories for foothold in Germany Read more at straitstimes.com.

Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.

The company kickstarted development of China Electronic Architecture (CEA), a joint project of Volkswagen China Technology Company, Volkswagen's software unit CARIAD and XPENG. The CEA will develop a highly modern and cost-efficient electrical architecture that will be used in their vehicles from 2026.

It was just past 11 on a freezing December morning on the outskirts of Brussels, but already workers at the city's Audi factory were cracking open frosty cans of beer. They had just finished a long night shift - not on one of the production lines at a plant that has produced 8 million cars since 1949,

Volkswagen Group achieved 9.03 million vehicles delivered worldwide in 2024, down 2.3 percent on the previous year (9.24 million vehicles). Lower sales in China last year dragged Volkswagen Group ...

XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.

Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.

Arno Antlitz wants his workers to boost their productivity. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our ...

Chinese new energy vehicle (NEV) manufacturer Li Auto on Friday inaugurated its first overseas research and development (R&D) center in Munich, Germany, in a milestone move signaling deepening ties between China and Germany in the burgeoning NEV sector.

WITH road transportation accounting for around 12 per cent of global emissions, it is hard to see how the world will reach its net-zero climate goals unless people give up their gasoline and diesel cars.