Volkswagen’s unprecedented move to halt output on both sides of the Atlantic costs the world’s largest automaker $2.2 billion (Dh8.07bn) per week, and chief executive Herbert Diess said decisive action is critical to overcome the coronavirus pandemic. Sales outside China have effectively come to a standstill, while demand in the country, the company’s largest single… Continue reading Volkswagen’s production shutdown costs $2.2bn per week, chief executive says – The National
Tag: VW
APWORKS 3D prints titanium part for new Bugatti Chiron Pur Sport
Additive manufacturing consultancy and Scalmalloy producer APWORKS has announced it has 3D printed a titanium part for the latest Bugatti Chiron, the Chiron Pur Sport. The part in question, an exhaust tailpipe, was 3D printed in titanium to make it more lightweight and temperature resistant. The designers leveraged the capabilities of additive manufacturing to produce… Continue reading APWORKS 3D prints titanium part for new Bugatti Chiron Pur Sport
VW hit by €2bn-a-week cash drain
World’s biggest carmakers reveal costs of pandemic shutting down factories around world Go to Source
@VW Group: Volkswagen releases medical personnel with full pay for voluntary work in the public health service
Volkswagen AG is releasing employees with medical qualifications for up to 15 working days with full pay if they volunteer for work in the public health service. The target group includes medical practitioners and paramedics of various categories as well as nursing and surgery personnel working at the German facilities of Volkswagen AG. In addition… Continue reading @VW Group: Volkswagen releases medical personnel with full pay for voluntary work in the public health service
LG Chem signs 480 mln-euro loan deal with European Investment Bank
LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Volkswagen’s Skoda extends Czech factory outages to April 14
FILE PHOTO: Workers leave Skoda Auto factory after the company stopped the production for the next two weeks to prevent the spread of the coronavirus disease (COVID-19) in Mlada Boleslav, Czech Republic, March 18, 2020. REUTERS/David W Cerny/File Photo PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen Group (VOWG_p.DE), will extend a… Continue reading Volkswagen’s Skoda extends Czech factory outages to April 14
Porsche set to launch 3D printed personalized bucket seats
Porsche, known for its high-performance sports cars, has announced the development of its new 3D printed personalized bucket seats. The “bodyform full bucket seat” will initially be limited to 40 prototypes for use on European race tracks as early as May 2020, with customer feedback being used to develop the final street-legal models for mid… Continue reading Porsche set to launch 3D printed personalized bucket seats
Hyundai to suspend car production of cars at St. Petersburg plant during week off
MOSCOW, March 26. / TASS /. Hyundai will suspend car production at its plant in St. Petersburg between March 30 to April 3 in connection with a presidential decree on the announcement of a non-working week in the country, the company said in a statement on Thursday.
“Hyundai Motor Company announces that, according to the decree of the Russian President, in connection with the difficult epidemiological situation associated with the spread of coronavirus, Hyundai Motor Manufacturing Rus plant will suspend production for the period of March 30 to April 3,” the company said.
Earlier, the Nissan plant in St. Petersburg announced a suspension of production for a week for the same reason.
Earlier this week automakers began to suspend production at their Russian factories due to problems with the supply of parts. Volkswagen and PSA have already announced a downtime, while Sollers also announced the risk of suspension of production of cars at UAZ and Ford Sollers. A significant part of the tota..
@VW Group: Volkswagen extends suspension of production
At the German plants of the Volkswagen Passenger Cars brand, Volkswagen Commercial Vehicles and Volkswagen Group Components, production has been suspended for a further four days until April 9. Volkswagen is responding especially to the fall in demand on the automobile market and the challenges faced by the supply chain At the same… Continue reading @VW Group: Volkswagen extends suspension of production
@VW Group: Volkswagen brand offers dealers extensive liquidity support
Together with Volkswagen Bank, the Volkswagen Passenger Cars brand has created a comprehensive package of measures to strengthen the liquidity of its dealers. In addition to offering extended payment deadlines, temporary increases in credit lines and improved interest conditions, bonuses and incentives are to be brought forward and audits are to be suspended. The objective… Continue reading @VW Group: Volkswagen brand offers dealers extensive liquidity support