Volkswagen wants to close plants, cut tens of thousands of jobs and implement wage cuts of ten percent. If the IG Metall boss has her way, the board should set a good example. Go to Source
Tag: VW
German Handelsblatt: VW, Mercedes, BMW: Lavish dividends from the large car companies are in danger010095
BMW, Mercedes and VW account for a quarter of all DAX distributions. Not much of this will remain in spring 2025. Particularly for a corporation, the dividend is also a political focus. Go to Source
Global EV sales up 35% in October, Europe ekes out a gain
Carbon emission reduction goals set in the EU for next year could lead to price cuts as automakers look to boost EV sales Global sales of fully electric and plug-in hybrid vehicles rose 35% in October from the same month last year, led by a 54% jump in sales in China, market research firm Rho… Continue reading Global EV sales up 35% in October, Europe ekes out a gain
Rajiv Rawat joins Stellantis IAP as Head of B2B Business for India and Asia Pacific
Rajiv Rawat has joined Stellantis IAP (India and Asia Pacific countries) as Head of B2B Business, effective November 11, 2024. Bringing over 24 years of automotive industry experience, Rajiv has held various roles at Tata Motors, Hyundai Motors, Volkswagen Group, and the Jeep Brand. Known for his expertise in business development, brand management, and sales… Continue reading Rajiv Rawat joins Stellantis IAP as Head of B2B Business for India and Asia Pacific
Innoviz Reports Third Quarter 2024 Results
Entered two new OEM programs through agreement with Level 4 platform partner with expected SOP in 2026; Met operational target of 2-3 additional customer programs in 2024 and exceeded midpoint of revenue guidance of Q3 with $4.5 million in revenue Q3 cash used in operations and capital expenditures of $17.7 million compared to $28.6 million in… Continue reading Innoviz Reports Third Quarter 2024 Results
Rivian and Volkswagen Group announce $5.8bn joint venture
Rivian and the Volkswagen Group have formally announced their new $5.8 billion (£4.5 billion / €5.4 billion) joint venture, known as Rivian and VW Group Technologies. While using both of their names, the automakers confirmed that their JV will operate as an independent company. Through it, the OEMs are aiming to develop next-generation electrical architecture… Continue reading Rivian and Volkswagen Group announce $5.8bn joint venture
German Manager Magazine: VW invests up to 5.8 billion dollars in Rivian003733
The Volkswagen-Group is digging deeper into its pockets than planned for the joint venture with the US electric car manufacturer Rivian. The group wants to invest up to 5.8 billion dollars in the project, which the Wolfsburg-based company expects will result in a breakthrough in software for new electric cars. An investment of $5 billion… Continue reading German Manager Magazine: VW invests up to 5.8 billion dollars in Rivian003733
German Handelsblatt: John Goetz: “We are considering buying even more VW shares”010093
US asset manager Goetz loves “bad news” and German stocks. In the interview, Pzena’s chief strategist reveals who, apart from VW, is one of his favorites. Go to Source
German Handelsblatt: Used car check: Ready for life after the company car – This is what the Audi A4 is good for as a used car010092
The Audi A4 is one of the favorites of German company car drivers. Used models therefore usually have many kilometers on the clock. Interested buyers should pay attention to this. Go to Source
The tortured development of Alfa Romeo’s first SUV
Three years passed and, just like the first time around, we saw little of substance, despite endless talk of a Volkswagen Golf-sized SUV. That January, at the 2010 Detroit motor show, Fiat chief Sergio Marchionne warned that “Alfa has been underperforming for a long time”, and come April he announced yet another relaunch of the… Continue reading The tortured development of Alfa Romeo’s first SUV