Volkswagen AG’s Audi unit, the group’s largest profit contributor, is among automakers gradually reopening factories in Europe, even as coronavirus lockdowns drag on across much of the region.
Tag: VW
Hyundai first to restart Czech production, others still shut
PRAGUE (Reuters) – Hyundai Motor Co’s (005380.KS) Czech car plant was the first in the central European country to get back to work on Tuesday after a three-week outage, potentially easing some of the strain on the hard-hit economy. FILE PHOTO: Hyundai’s logo seen on its Vision T concept car at the LA Auto Show… Continue reading Hyundai first to restart Czech production, others still shut
Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
TOKYO/BEIJING (Reuters) – Nissan Motor Co Ltd’s (7201.T) management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said. FILE PHOTO: A Nissan logo is pictured during the… Continue reading Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
FILE PHOTO: The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell (Reuters) – Volkswagen AG (VOWG_p.DE) said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker said the temporary emergency furloughs for… Continue reading UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
Audi readies production restart in Europe – Automotive News Europe
FRANKFURT — Audi plans to resume engine production at its factory in Hungary on Tuesday to build up supplies for its European car plants. An Audi spokeswoman said the automaker expects the site in Gyor, one of the world’s largest powertrain factories, will begin operating again after the Easter holiday. The factory produced 1.97 million… Continue reading Audi readies production restart in Europe – Automotive News Europe
@VW Group: Volkswagen and IG Metall successfully complete pay negotiations
Volkswagen and IG Metall have brought their negotiations for Volkswagen AG employees covered by the company collective agreement to a successful conclusion. As a result of the coronavirus crisis, the negotiations took place under extremely difficult conditions. The parties agreed that the pay agreement, which had been terminated with effect from April 30, 2020, should… Continue reading @VW Group: Volkswagen and IG Metall successfully complete pay negotiations
@VW Group: Volkswagen Group China: Clear signs of business recovery
Volkswagen Group China’s operations are showing clear signs of business recovery. All 2,000 Volkswagen brand dealerships are now open again, with showroom traffic during the last weekend of March comparable to the same period last year. Over 95% of the dealerships of the other locally producing brands Audi and ŠKODA have also reopened. The SAIC… Continue reading @VW Group: Volkswagen Group China: Clear signs of business recovery
Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
Brussels, 9 April 2020 – Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA). This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million… Continue reading Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
VW Considers Options for Record $3.6 Billion Dividend
Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at least part of it to shore up its finances for what is shaping up to be the biggest economic crisis since World War II.
@VW Group: Clear rules to protect employees
For the resumption of production at Volkswagen, health takes priority over speed. For this reason, company management and the General Works Council have laid down clear rules and measures for the protection of employees in a works agreement. Volkswagen HR Board Member Gunnar Kilian says: “We are taking comprehensive precautions so that our employees can… Continue reading @VW Group: Clear rules to protect employees