Volkswagen mulls further cost cuts to cope with downturn – Financial World

Volkswagen AG, the Wolfsburg-based German multinational automotive industry tycoon that had sold the largest number of passenger cars in both 2019 and 2018 despite a cataclysmic outlook in the automaking industry, had been exploring an option to slash expenses further in order to see through the financial fallouts of the pandemic outbreak, a spokesman for… Continue reading Volkswagen mulls further cost cuts to cope with downturn – Financial World

Mercedes-Benz EQE and EQS Size Comparison: Spy Shots

Mercedes-Benz EQE and Mercedes-Benz EQS are one of several new all-electric EQ models under development, which might have a lot in common. Just like in the case of the E-Class and S-Class, the EQE will be smaller, less luxurious, and less expensive than the top of the line EQS. Here we can see both in… Continue reading Mercedes-Benz EQE and EQS Size Comparison: Spy Shots

Aston Martin plots new DBX seven-seater and coupe

Aston Martin has confirmed that it plans to add more “derivatives” of its new DBX SUV in 2021, thanks to a healthy book of orders for the standard car. The announcement was made as part of the firm’s first-quarter financial report, in which new executive chairman Lawrence Stroll said the Porsche Cayenne rival’s launch plan… Continue reading Aston Martin plots new DBX seven-seater and coupe

Works councils hand out against Opel executive floor

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BMW lets the 7 Series be straight

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Speech to top managers: Volkswagen swears this to tighten savings

Swen Pfoertner / Pool via REUTERS Under control of the crisis: VW boss Herbert Diess (left), here with Lower Saxony’s Prime Minister Stephan Weil VolkswagenCEO Herbert Diess has the top management of the world’s largest car group in the Corona pandemic committed to further savings efforts. A spokesman for the company confirmed on Sunday that… Continue reading Speech to top managers: Volkswagen swears this to tighten savings

Corona crisis: VW boss Diess apparently plans austerity measures

Herbert Diess The VW boss plans massive savings. (Photo: Bloomberg) Berlin Volkswagen boss Herbert Diess urges a media report in the corona crisis on savings. That have This Recently made clear in a speech to top managers of the group, the industry magazine “Automobilwoche” reported on Saturday, citing participants. “We have to cut R&D expenditure,… Continue reading Corona crisis: VW boss Diess apparently plans austerity measures

@VW Group: Volkswagen expands Executive Committee of the Supervisory Board to eight members

The Supervisory Board of Volkswagen Aktiengesellschaft has added two further members to its Executive Committee, taking membership to eight. This was announced by the Company’s Supervisory Board on Friday, 5th June 2020. The reason for the expansion is increasing duties and responsibilities. Recent legislation such as the Act Implementing the Second Shareholder Rights Directive (ARUG… Continue reading @VW Group: Volkswagen expands Executive Committee of the Supervisory Board to eight members

@VW Group: A life revolving around Porsche

We’ll call him Alberto for the sake of preserving the anonymity he’s asked us to uphold. The dawning of his attraction to the Stuttgart-born brand takes us back to the early seventies. At that time, his early love of rallies led him to contemplate the success of numerous 911 units at the hands of renowned… Continue reading @VW Group: A life revolving around Porsche

According to Shitstorm: Volkswagen board deals with racist commercial

Swen gatekeeper / dpa Volkswagen headquarters in Wolfsburg After the internet shit storm because of a racist promotional videos at VW Now the entire board should deal with the further processing of the topic. Volkswagen decided this Show stock market chart on Friday after internal auditors reviewed the history of the heavily criticized Instagram spot… Continue reading According to Shitstorm: Volkswagen board deals with racist commercial