How Volkswagen Lost Its Way in China - The New York Times
Oct 31, 2024 · The latest difficulty for VW came on Oct. 23, when the foreign ministry said the Volkswagen brand’s chief marketing officer in China had tested positive for cocaine, been jailed for 10 days and ...
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Sep 20, 2024 · Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the next three years.
Volkswagen plans stop to production at jointly-owned China plant
SHANGHAI/BERLIN, Sept 18 (Reuters) - Volkswagen (VOWG_p.DE) is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge of the matter...
China, price cuts and costs: the fuel driving Volkswagen's crisis
Sep 6, 2024 · While many of Volkswagen's challenges - from a weakening Chinese market to a slower than expected switch to electric vehicles, have plagued it for a while, two recent developments have made...
Volkswagen’s China crisis: Can the German giant survive the EV …
6 days ago · Subsidies, price cuts, and policy shifts are leaving Volkswagen struggling to maintain its foothold in China, a market now leaning heavily towards state-backed EVs. The flags of China, center ...
Volkswagen revamps its approach in China in bid ... - Associated Press News
Apr 24, 2024 · The Volkswagen Group, which also includes Audi and Porsche, plans to launch 40 new models in China over the next three years and to have a lineup of 30 EVs by 2030 in what Volkswagen CEO Oliver Blume told investors Wednesday is the …
VW eyes podium comeback in China from 2026
19 hours ago · Stefan Mecha, CEO of Volkswagen China Passenger Cars Brand, speaks in an interview on Nov 6, 2024 in Shanghai. [Photo provided to chinadaily.com.cn] The Volkswagen brand sees 2026 as a crucial ...
Germany blocks another big business deal with China - CNN
Jul 4, 2024 · Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest...
Volkswagen Group accelerates electric offensive in China: …
Volkswagen Group accelerates electric offensive in China: deliveries of BEV vehicles increased by 23 percent in 2023. Volkswagen Group China delivered 3.236 million vehicles in Chinese mainland and Hong Kong in 2023 (+1.6 percent) In the premium segment, Audi recorded a strong upswing of +13.5 percent and achieved 729,000 deliveries.
Why Volkswagen Is Hiring 3,000 Engineers in China - The New York Times
Dec 12, 2023 · After relying for decades on engineers in Germany to design cars for the Chinese market, Volkswagen has begun hiring for a team of nearly 3,000 Chinese engineers, which will include hundreds...